50 Teakwood Avenue

Garden City, Winnipeg

Property score

69.6

Good

Overall 69.6 · Larger than most nearby homes

1,343 sqft (top 26%) · Built in 1961

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 6 parks nearby

Living Area

Above average

3% larger than neighborhood avg.

Year Built

Near average

0 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

69.6 is composed by the two sections below.

Property Score

61.8Fair
Living Area71
1,343 sqftGood
Year Built46
1961Low
Lot Size53
4,208 sqftFair
Neighbourhood Sales Activity42
Low

Community Score

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

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
1,343 sqft
0255075100
Same streetTop 5%Same areaTop 26%CitywideTop 39%
Same street · Teakwood Avenue
#4 / 81
Top 5% · Avg 1,082 sqft
Same area · Garden City
#502 / 1,909
Top 26% · Avg 1,307 sqft
Citywide · Winnipeg
#75,832 / 194,458
Top 39% · Avg 1,342 sqft

Tax-Assessed Value

above average
342k
0255075100
Same streetTop 30%Same areaBottom 40%CitywideBottom 43%
Same street · Teakwood Avenue
#24 / 81
Top 30% · Avg 329.3k
Same area · Garden City
#1,149 / 1,909
Bottom 40% · Avg 357.4k
Citywide · Winnipeg
#110,124 / 194,458
Bottom 43% · Avg 390.1k

Year Built

above average
1961
0255075100
Same streetTop 19%Same areaTop 31%CitywideBottom 43%

Lot Size

below average
4,208 sqft
0255075100
Same streetBottom 21%Same areaBottom 2%CitywideBottom 29%

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

50 Teakwood Avenue — 12 amenities found within 500 m, across 5 categories, including 1 dining (nearest 73 m), 3 education (nearest 87 m), 1 shopping (nearest 88 m).

Search radius
🍽️Dining1
🏫Education3
🛒Shopping1
🌳Parks6
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

50 Teakwood Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 50 Teakwood Avenue, Winnipeg

Property Overview: 50 Teakwood Avenue, Garden City

Key Characteristics & Appeal

This well-maintained one-storey home in Garden City offers a practical and comfortable living space. Its key appeal lies in its above-average living area (1,343 sq ft) for both the immediate street and the neighbourhood, providing more interior room than many comparable homes. The property features a renovated basement and a detached garage. Built in 1961, it is slightly newer than many of its local peers, which can suggest updated infrastructure. The assessed value is positioned solidly within the average range for the city, indicating a fair market positioning.

The home’s strengths are its spacious interior and recent basement updates, making it a move-in-ready option for those seeking a bungalow layout. It would suit first-time buyers or downsizers looking for a manageable single-level home in a established community without the premium price tag of a newer property. A thoughtful perspective: while the land size is smaller than area averages, this often translates to less yard maintenance—a potential benefit for buyers seeking a low-maintenance lifestyle. Its value proposition is one of efficient use of space; you're getting more house on a compact lot.

Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
Not necessarily. While the lot is below average in size for the area, it requires less upkeep. This can be ideal for those who prefer spending less time on yard work or who prioritize indoor living space over extensive outdoor grounds.

2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. It serves as a useful benchmark, showing the home is in line with area averages, but the final sale price will be determined by current market conditions.

3. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify details. A viewing or inquiry with the listing agent is essential to understand the finish quality, ceiling height, legal egress, and whether it includes a bathroom or kitchenette.

4. Who might this neighbourhood appeal to?
Garden City is an established, mature neighbourhood with a mix of long-time residents and new families. It appeals to those seeking community familiarity, local amenities, and more affordable entry into the Winnipeg market compared to newer suburbs.

5. Given the age, what major systems might need attention?
As a home built in 1961, a prudent buyer should investigate the age and condition of major components like the roof, windows, plumbing, and electrical system during the inspection process, even though the home presents as well-kept.