23 Teakwood Avenue

Garden City, Winnipeg

Property score

85.3

Excellent

Overall 85.3 · Larger and newer than most nearby homes

2,656 sqft (top 2%) · Built in 1976 (15 yrs newer than avg)

Located in a high-income area with median household income of ~93k

Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 3 schools, 1 shop, and 4 parks nearby

Living Area

Above average

103% larger than neighborhood avg.

Year Built

Above average

15 yrs newer than neighborhood avg.

Mother tongue

English · 54%Tagalog · 22%

Past 10 years Garden City sales snapshot (~80% of all data)

Sold Count

616

Median price

411k

$/sqft

$361/sqft

Avg build year

1961

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Property score

85.3 is composed by the two sections below.

Property Score

87.9Excellent
Living Area2,656 sqft98Excellent
Year Built197667Good
Lot Size7,877 sqft91Excellent
Neighbourhood Sales Activity42Low

Community Score

81.3Excellent
Household Income82Excellent
Education Level72Good
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

Garden City

How to read: Share of sales in each ~$50k price band for “garden city” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110030

Community deep dive

$93K

Median household income

$104K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

22%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)525
Labour force participation rate66%
Median age37.6
Avg household size3.0
Unemployment rate3%
Population density3750 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households22%
Couple families with children33%
Median household income (2020)$93K

Housing

Renter households8%
Condominium dwellings25%
Median dwelling value (owners)$290K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority56%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 54%
Mother tongue (2nd)Tagalog · 21%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,656 sqft
0255075100
Same streetTop 1%Same areaTop 2%CitywideTop 2%
Same street · Teakwood Avenue
#1 / 81
Top 1% · Avg 1,082 sqft
Same area · Garden City
#36 / 1,909
Top 2% · Avg 1,307 sqft
Citywide · Winnipeg
#3,918 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
457k
0255075100
Same streetTop 1%Same areaTop 4%CitywideTop 27%
Same street · Teakwood Avenue
#1 / 81
Top 1% · Avg 329.3k
Same area · Garden City
#69 / 1,909
Top 4% · Avg 357.4k
Citywide · Winnipeg
#52,851 / 194,458
Top 27% · Avg 390.1k

Year Built

Elite
1976
0255075100
Same streetTop 10%Same areaTop 2%CitywideTop 39%

Lot Size

above average
7,877 sqft
0255075100
Same streetTop 7%Same areaTop 6%CitywideTop 12%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

23 Teakwood Avenue — 10 amenities found within 500 m, across 5 categories, including 1 dining (nearest 202 m), 3 education (nearest 162 m), 1 shopping (nearest 176 m).

Search radius
🍽️Dining1
🏫Education3
🛒Shopping1
🌳Parks4
Worship1

Crime & Safety

Garden City · WPS public data · 2026

Annual incidents

45

2026

vs. city avg

+53%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

69%

Sales History

Sold 10/2024CA$450k–500k
Sold price

Same street

Top 5%

Same area

Top 3%

City-wide

Top 19%

Related homes

Highlights & common questions: 23 Teakwood Avenue, Winnipeg

Property Overview: 23 Teakwood Avenue, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This four-level split home, built in 1976, stands out for its generous proportions both indoors and out. With 2,656 sqft of living space, it ranks in the top 1% of homes on its street and the top 2% in Garden City for size, offering significantly more room than area averages. The property sits on a large 7,877 sqft lot, providing ample outdoor space that is well above typical for the neighborhood. Key features include an attached garage and a basement (noted as unrenovated).

The primary appeal lies in its exceptional space and established, quiet location. It’s a home that offers room to grow, entertain, or simply enjoy without feeling constrained. The lot size is a particular asset for privacy, gardening, or future expansion. The home would best suit buyers who prioritize interior square footage and land size over a modern, turn-key condition, and who see value in a property with a solid footprint that they can personalize over time. Its assessed value is notably high for the immediate area, reflecting its standout characteristics.

Section 2: Frequently Asked Questions

1. What does "Elite" or "Top X%" ranking mean for this home?
These rankings compare this specific property against similar homes on its street, in Garden City, and across Winnipeg. For example, being in the "Top 1%" for living area on Teakwood Avenue means it is larger than 99% of comparable homes on that street, highlighting its relative size and rarity in the immediate area.

2. The assessed value seems low compared to the city-wide average mentioned. Why?
The city-wide average assessed value shown (~$390k) is a general benchmark. This home's assessed value of $45.70k is consistent with and actually leads its immediate peer group in Garden City, indicating it is valued highly for its specific market area. Property assessments can vary widely between different neighborhoods and property types.

3. Is the basement finished?
The listing specifies the basement is "not renovated." This suggests it is likely in a functional but basic condition, presenting an opportunity for the buyer to finish it to their own taste and needs.

4. How recent is the sold price history, and how accurate is the range provided?
The most recent recorded sale was in October 2024, with a price range of $45.50k to $48.50k. The provider notes this range is based on public data and offers to supply the exact sold price via email upon request, as some records may be approximate.

5. The home was built in 1976. What should I consider?
While newer than many area homes, a 50-year-old property will likely have original or aging core components, such as the roof, windows, or major systems. Its appeal is in its space and lot, so a thorough inspection is recommended to understand the condition and potential future investments needed.

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