43 Teakwood Avenue

Garden City, Winnipeg

Property score

47.1

Below average

Overall 47.1 · Smaller and older than most nearby homes

696 sqft (bottom 1%) · Built in 1912 (49 yrs older 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 5 parks nearby

Living Area

Below average

47% smaller than neighborhood avg.

Year Built

Below average

49 yrs older 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

47.1 is composed by the two sections below.

Property Score

24.3Low
Living Area696 sqft15Low
Year Built191216Low
Lot Size5,248 sqft67Good
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

below average
696 sqft
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 4%
Same street · Teakwood Avenue
#81 / 81
Bottom 1% · Avg 1,082 sqft
Same area · Garden City
#1,905 / 1,909
Bottom 1% · Avg 1,307 sqft
Citywide · Winnipeg
#187,497 / 194,458
Bottom 4% · Avg 1,342 sqft

Tax-Assessed Value

below average
250k
0255075100
Same streetBottom 2%Same areaBottom 1%CitywideBottom 17%
Same street · Teakwood Avenue
#79 / 81
Bottom 2% · Avg 329.3k
Same area · Garden City
#1,898 / 1,909
Bottom 1% · Avg 357.4k
Citywide · Winnipeg
#161,091 / 194,458
Bottom 17% · Avg 390.1k

Year Built

below average
1912
0255075100
Same streetBottom 4%Same areaBottom 1%CitywideBottom 8%

Lot Size

around average
5,248 sqft
0255075100
Same streetTop 35%Same areaBottom 8%CitywideTop 49%

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

43 Teakwood Avenue — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 107 m), 3 education (nearest 73 m), 1 shopping (nearest 86 m).

Search radius
🍽️Dining1
🏫Education3
🛒Shopping1
🌳Parks5
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 11/2019CA$150k–200k
Sold price

Same street

Bottom 1%

Same area

Bottom 1%

City-wide

Bottom 7%

Related homes

Highlights & common questions: 43 Teakwood Avenue, Winnipeg

Property Overview: 43 Teakwood Avenue, Garden City, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, one-storey home built in 1912, presenting a distinct opportunity in Winnipeg's Garden City neighbourhood. Its key characteristic is its modest 696 sqft living area, which is notably smaller than most homes on its street and in the wider city. The property sits on a roughly average 5,248 sqft lot for the area. A positive feature is the renovated basement, adding functional space. There is no garage or pool.

The appeal lies in its position as an entry-point property or a downsizing option. With an assessed value significantly below the city average, it offers one of the most accessible price points in its immediate area. The generous lot size relative to the home's footprint presents a clear value-add potential for future expansion or landscaping, a perspective not immediately obvious given the home's age and size. This property would suit a pragmatic first-time buyer comfortable with a renovation project over time, an investor looking for a land-value play, or a minimalist seeking lower carrying costs and a manageable space. It is less suited for those requiring substantial immediate living space or modern, turn-key finishes.

Frequently Asked Questions

1. Is the sold price history accurate?
The listed sale price from 2019 is an estimated range based on public data. For the precise figure, you can request it via email from the listing service, which provides it manually without marketing spam.

2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific attributes: its very small living area, age (114 years), and lack of features like a garage. It's assessed relative to similar properties, not the overall city market which includes larger, newer homes.

3. What does the "ranking" data mean?
The rankings compare this home against peers on Teakwood Avenue, in Garden City, and citywide for metrics like size and value. For example, ranking 81 of 81 for living area on its street means it is the smallest among 81 comparable properties. This data quantifies how the home compares statistically.

4. Can the house be expanded?
Given the home's small footprint and the lot size being above average for the street, there is clear potential for an addition or significant renovation. Any expansion would, of course, require proper permits, planning, and investment.

5. What is the condition of the renovated basement?
The listing confirms the basement is renovated, but the scope, quality, and permits for that work are not detailed. This would be a critical area for a buyer to investigate during a viewing and through potential inspection.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.