Property score
49.7
Below average
Overall 49.7 · Smaller and older than most nearby homes
744 sqft (bottom 1%) · Built in 1914 (47 yrs older than avg)
Located in a high-income area with median household income of ~95k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 3 schools, 1 shop, and 7 parks nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Below average
47 yrs older than neighborhood avg.
Mother tongue
English · 49%Tagalog · 23%
Past 10 years Garden City sales snapshot (~80% of all data)
616
411k
$361/sqft
1961
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
Free · No credit card required
49.7 is composed by the two sections below.
Property Score
Community Score
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.
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: #46110032
$95K
Median household income
$107K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
19%
Single-person households
36%
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
62 Teakwood Avenue — 13 amenities found within 500 m, across 5 categories, including 1 dining (nearest 61 m), 3 education (nearest 106 m), 1 shopping (nearest 98 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 1% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 62 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, distinguished by its notably low municipal assessed value of $200,000. With 744 sqft of living space, it is significantly smaller than most homes in its immediate area, city-wide, and even on its own street. Its primary physical asset is a decently sized lot of 5,260 sqft, which is above average for Teakwood Avenue.
The appeal here is largely defined by value and potential. This property represents one of the most accessible price points in the Winnipeg market. It suits a very specific buyer: someone seeking an entry point into homeownership with a focus on the land value, or an investor looking for a hold or redevelopment opportunity. It is not a move-in-ready family home, but a project. Its charm lies in its affordability and the possibility it represents—whether as a long-term renovation project for a hands-on buyer, or as a land play in a neighbourhood where newer, larger homes are the norm. The detached garage adds practical utility.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's older age, very modest living area, and basic condition compared to the broader market. It is assessed among the lowest in its neighbourhood and street.
2. What does the sold price history indicate?
The home sold in March 2025 for an estimated range of $175k-$205k. This sale price aligns closely with its current $200k assessment, suggesting the market validates this as a baseline value for the property in its present state.
3. Is this a teardown property?
Given the home's age, small size, and the value being heavily weighted toward the land, it is a candidate for significant renovation or redevelopment. Buyers should budget for major updates or complete rebuilding, subject to local zoning.
4. How does the lot size compare to neighbours?
At 5,260 sqft, the lot is actually larger than the average lot on Teakwood Avenue (~5,091 sqft). This is a key advantage, offering more outdoor space or future expansion potential than other properties on the street.
5. What should I consider about the location on Teakwood Avenue?
The data shows this home ranks at or near the bottom of its street for living area, value, and year built. This means you are buying into a street of predominantly newer and larger homes, which can be positive for future value but also means your property will stand out as a project among more established homes.
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.
