47 Teakwood Avenue

Garden City, Winnipeg

Property score

72.5

Good

Overall 72.5 · Newer than most nearby homes

1,275 sqft (top 35%) · Built in 2007 (46 yrs newer than avg)

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

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 3 schools, 1 shop, and 5 parks nearby

Living Area

Near average

2% smaller than neighborhood avg.

Taon ng Paggawa

Above average

46 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

72.5 is composed by the two sections below.

Property Score

66.6Good
Living Area66
1,275 sqftGood
Taon ng Paggawa90
2007Excellent
Lupa46
3,936 sqftLow
Neighbourhood Sales Activity42
Low

Community Score

81.3Excellent
Household Income82
Excellent
Education Level72
Good
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health76
Good

Istatistika ng benta ng komunidad

Garden City

How to read: Share of sales in each ~$50k price band for “garden city” (Detached na bahay (hindi 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.

Mga ranggo

Living Area

lampas sa average
1,275 sqft
0255075100
Same streetTop 7%Same areaTop 35%CitywideTop 43%
Same street · Teakwood Avenue
#6 / 81
Top 7% · Avg 1,082 sqft
Same area · Garden City
#669 / 1,909
Top 35% · Avg 1,307 sqft
Citywide · Winnipeg
#84,379 / 194,458
Top 43% · Avg 1,342 sqft

Assessed Value

Elite
439k
0255075100
Same streetTop 2%Same areaTop 5%CitywideTop 30%
Same street · Teakwood Avenue
#2 / 81
Top 2% · Avg 329.3k
Same area · Garden City
#102 / 1,909
Top 5% · Avg 357.4k
Citywide · Winnipeg
#58,910 / 194,458
Top 30% · Avg 390.1k

Taon ng Paggawa

Elite
2007
0255075100
Same streetTop 1%Same areaTop 1%CitywideTop 13%

Lupa

mas mababa sa average
3,936 sqft
0255075100
Same streetBottom 6%Same areaBottom 1%CitywideBottom 24%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

47 Teakwood Avenue — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 82 m), 3 education (nearest 54 m), 1 shopping (nearest 65 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%

Kasaysayan ng Benta

Naibenta 6/2023CA$400k–450k
Presyo ng benta

Parehong kalye

Top 15%

Parehong lugar

Top 14%

Buong lungsod

Top 33%

Related homes

Mga tampok at karaniwang tanong: 47 Teakwood Avenue, Winnipeg

Property Overview: 47 Teakwood Avenue, Garden City, Winnipeg

Key Characteristics & Appeal

This bi-level home at 47 Teakwood Avenue presents a compelling mix of modern convenience and established neighbourhood living. Its primary appeal lies in its relative newness, being built in 2007, which makes it a standout in Garden City where most homes are decades older. This suggests fewer immediate concerns with aging major systems and potentially more contemporary interior finishes. The home features a renovated basement and a detached garage, with a comfortable 1,275 sqft of living space that is above average for its immediate street.

The property’s assessed value ranks in the elite tier for both the street and the wider Garden City area, indicating it is viewed as a higher-value asset in its locale. A thoughtful perspective is that this creates an interesting dynamic: you own one of the newest and most highly assessed homes on the block, which can be advantageous for pride of ownership and future resale within the neighbourhood. However, the land size is notably smaller than area averages, which may appeal to buyers seeking lower exterior maintenance without sacrificing interior space.

This home would best suit buyers looking for a move-in ready property in a mature, north Winnipeg neighbourhood who prioritize a more modern build year over a large yard. It’s ideal for small families, professionals, or downsizers wanting the space of a house without the upkeep of an older property or a vast lot.

Frequently Asked Questions

1. What does the high assessed value relative to the neighbourhood actually mean?
It primarily reflects the municipal tax assessment, which heavily favours the home’s newer construction year and renovated condition compared to its older neighbours. It indicates a premium property for the area, but the actual market value is determined by recent sales.

2. How might the smaller lot size affect me?
It translates to less yard maintenance, which is a benefit for many. The trade-off is less private outdoor space and potentially less room for future expansions like a large deck or addition, which should be considered if those are long-term goals.

3. The home sold in mid-2023. Why is it back on the market so soon?
While we cannot speculate on the seller’s personal reasons, short-term ownership can result from many neutral factors like job relocation, change in family circumstances, or a strategic investment sale. A professional home inspection is always recommended to ensure condition.

4. Is the detached garage a pro or a con?
This depends on preference. A detached garage can offer more flexibility (e.g., for a workshop) and may reduce noise in the house. For others, the inconvenience of going outside to access it, especially in winter, is a drawback compared to an attached model.

5. How do I get the exact historical sold price?
The precise sale price from June 2023 is not publicly displayed in detail. You can request it directly via the "Get exact sold price history" feature on this page. The service is manual but prompt, and your email is not used for marketing spam.