23 Radley Bay

Grassie, Winnipeg

Property score

74.7

Good

Overall 74.7 · Older than most nearby homes

1,308 sqft (bottom 31%) · Built in 1987 (13 yrs older than avg)

Located in a high-income area with median household income of ~106k

Transit 64.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 park nearby

Living Area

Below average

14% smaller than neighborhood avg.

Year Built

Below average

13 yrs older than neighborhood avg.

Mother tongue

English · 77%Punjabi · 3%

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

Sold Count

454

Median price

528k

$/sqft

$376/sqft

Avg build year

2000

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Property score

74.7 is composed by the two sections below.

Property Score

68.6Good
Living Area1,308 sqft71Good
Year Built198778Good
Lot Size4,648 sqft60Fair
Neighbourhood Sales Activity28Low

Community Score

83.9Excellent
Household Income87Excellent
Education Level72Good
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health60Fair

Neighbourhood Sales

Grassie

How to read: Share of sales in each ~$50k price band for “grassie” (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: #46110873

Community deep dive

$106K

Median household income

$98K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

16%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)311
Labour force participation rate60%
Median age44.4
Avg household size2.6
Unemployment rate7%
Population density3455 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households16%
Couple families with children33%
Median household income (2020)$106K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority11%
Bachelor's or higher (25–64)36%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Punjabi · 3%

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

Rankings

Living Area

around average
1,308 sqft
0255075100
Same streetTop 40%Same areaBottom 31%CitywideTop 41%
Same street · Radley Bay
#10 / 25
Top 40% · Avg 1,348 sqft
Same area · Grassie
#924 / 1,348
Bottom 31% · Avg 1,524 sqft
Citywide · Winnipeg
#80,025 / 194,458
Top 41% · Avg 1,342 sqft

Tax-Assessed Value

around average
387k
0255075100
Same streetBottom 32%Same areaBottom 10%CitywideTop 42%
Same street · Radley Bay
#17 / 25
Bottom 32% · Avg 420.1k
Same area · Grassie
#1,219 / 1,348
Bottom 10% · Avg 482.7k
Citywide · Winnipeg
#81,326 / 194,458
Top 42% · Avg 390.1k

Year Built

above average
1987
0255075100
Same streetTop 16%Same areaBottom 24%CitywideTop 25%

Lot Size

around average
4,648 sqft
0255075100
Same streetBottom 20%Same areaBottom 20%CitywideBottom 37%

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 Radley Bay — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 291 m).

Search radius
🌳Parks1

Crime & Safety

Grassie · WPS public data · 2026

Annual incidents

5

2026

vs. city avg

-83%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

60%

Sales History

Sold 7/2024CA$400k–450k
Sold price

Same street

Top 10%

Same area

Top 45%

City-wide

Top 27%
Sold 10/2017CA$300k–350k
Sold price

Same street

Bottom 20%

Same area

Bottom 9%

City-wide

Bottom 45%

Related homes

Highlights & common questions: 23 Radley Bay, Winnipeg

Property Overview: 23 Radley Bay, Grassie, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home at 23 Radley Bay is a solid, middle-of-the-road property in Winnipeg's Grassie neighbourhood. Built in 1987, it features 1,308 sqft of living space, an attached garage, and a renovated basement. Its assessed value is notably lower than many in the immediate area, which can present an opportunity.

The appeal lies in its established location and functional layout. The home sits on a standard city lot and offers space that is perfectly adequate for a small family or couple. A key, less obvious perspective is its relative "vintage" advantage on its own street—it's one of the newer homes on Radley Bay, potentially meaning fewer major age-related surprises compared to immediate neighbours. However, its lot size is smaller than most on the street, which limits expansive outdoor possibilities but simplifies yard maintenance.

This property would best suit pragmatic, value-conscious buyers. It’s ideal for first-time homeowners who prioritize a move-in-ready basement and a stable neighbourhood over high-end finishes or large square footage. It could also appeal to downsizers seeking a manageable home without leaving a familiar community. The numbers suggest you’re buying a home that is average in many city-wide metrics but comes at a more accessible price point within its own desirable pocket of Grassie.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was assessed at $38,700. It last sold in July 2024 for an estimated $40,500-$43,500, indicating the market price aligns closely with, or slightly above, its official valuation.

2. Is the lot size a significant drawback?
At 4,648 sqft, the lot is below average for both the street and the Grassie area. This means a smaller backyard but also less upkeep. It’s a trade-off that prioritizes low-maintenance outdoor space over privacy or room for expansions like a large deck or pool.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or quality. This is a key detail to verify during a viewing, as it could range from updated flooring and paint to a fully finished legal suite or additional living space.

4. How does this home rank for its age and condition?
Built in 1987, this home is newer than 75% of all Winnipeg homes and is one of the newer homes on Radley Bay itself. This generally suggests potentially updated core systems (like plumbing or electrical) compared to much older stock, but a thorough inspection is still essential.

5. Who are the typical neighbours?
The listing shows nearby properties are almost exclusively single-family homes on the same street, indicating a stable, residential setting. The similar assessed values of comparison homes in other neighbourhoods suggest this area offers good value relative to other mature parts of Winnipeg.

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