Property score
86.4
Excellent
Overall 86.4 · Newer than most nearby homes
1,816 sqft (bottom 46%) · Built in 2007 (2 yrs newer than avg)
Located in a high-income area with median household income of ~116k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 place of worships nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 38%Chinese · 21%
Past 10 years Fairfield Park sales snapshot (~80% of all data)
216
820k
$344/sqft
2005
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86.4 is composed by the two sections below.
Property Score
Community Score
Fairfield Park
How to read: Share of sales in each ~$50k price band for “fairfield park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111192
$116K
Median household income
$130K
Average household income
17%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.2
P90 / P10 ratio
9%
Single-person households
45%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
54 Langley Bay — 2 amenities found within 500 m, across 1 categories.
Fairfield Park · WPS public data · 2026
Annual incidents
12
2026
vs. city avg
-59%
relative to avg
Year-over-year
▼ -96%
vs. prior year
Primary type
Property
83%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 21% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 54 Langley Bay in Winnipeg's Fairfield Park neighbourhood presents a practical and spacious family living option. Built in 2007, it offers a modern layout without the premium often attached to brand-new construction. With 1,816 sqft of living space and an attached garage, it sits on a standard city lot. The home's appeal lies in its solid, middle-ground positioning: it's a comfortably sized property in a well-established area that doesn't require immediate major updates, as the basement exists but is noted as not renovated. The assessed value is notably above average citywide, yet it ranks below average on its own street, which could indicate a value opportunity within a desirable micro-location.
It would suit buyers looking for a move-in ready family home who prioritize space and a relatively recent build year over high-end finishes. It's also a sensible choice for those who see potential in a functional, unrenovated basement for future customization, avoiding the cost of a fully finished space they might not need immediately.
Frequently Asked Questions
1. How does this home compare to others in the immediate area?
The data shows a interesting contrast. While the home's living area and lot size are around the average for Langley Bay and Fairfield Park, its assessed value is below average for the street. This suggests you may get more interior space for your dollar here compared to some direct neighbours.
2. Is the basement usable in its current state?
The listing specifies the basement is "not renovated." It is a developed space, but likely in a basic, functional condition. Buyers should budget for potential updates to suit their needs and anticipate a inspection to clarify its exact state.
3. What does the assessed value tell us about the property taxes?
The assessed value is a key municipal metric for calculating property taxes. With an assessment significantly above the Winnipeg city average, prospective owners should expect a corresponding property tax bill that reflects this above-average valuation.
4. The home was last sold in November 2020. What should I consider?
A sale just a few years ago suggests a motivated seller may not be the case, but it does provide a relatively recent market price point for comparison. Market conditions have likely shifted since then, so a current appraisal and market analysis are essential.
5. Are the nearby "similar assessed value" properties actually comparable?
The listed properties share the same municipal assessed value, but are in different neighbourhoods like Varsity View and Elmhurst. This is useful for understanding tax implications, but not for direct home comparison. It highlights that value can vary significantly by location, even with an identical assessment.
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