Property score
57.6
Fair
Overall 57.6 · Compared with neighbourhood average
1,206 sqft (top 49%) · Built in 1965 (6 yrs older than avg)
Located in a average-income area with median household income of ~54.4k
Transit 76.0 · 8-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 shops, 3 parks, and 2 sports facilitys nearby
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 82%French · 3%
Past 10 years Heritage Park sales snapshot (~80% of all data)
295
501.3k
$272/sqft
1971
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57.6 is composed by the two sections below.
Property Score
Community Score
Heritage Park
How to read: Share of sales in each ~$50k price band for “heritage park” (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: #46110282
$54K
Median household income
$58K
Average household income
33%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.2
P90 / P10 ratio
43%
Single-person households
15%
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
156 Valley View Drive — 9 amenities found within 500 m, across 5 categories, including 1 education (nearest 142 m), 2 shopping (nearest 371 m), 3 parks (nearest 254 m).
Heritage Park · WPS public data · 2026
Annual incidents
21
2026
vs. city avg
-29%
relative to avg
Year-over-year
▼ -88%
vs. prior year
Primary type
Property
43%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 18% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 156 Valley View Drive, Heritage Park, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1965, offering 1,206 sqft of living space on a 5,496 sqft lot in the established Heritage Park neighbourhood. Its key updated feature is a renovated basement, adding functional living space. The home presents a practical, grounded opportunity. Its appeal lies in being a solid, move-in ready property in a mature community, without the premium price tag of a newer or larger home.
Statistically, the house sits in the middle of the pack for its size locally, but its assessed value is notably below average for its immediate street and neighbourhood. This disconnect can be appealing: you’re acquiring a home that offers the space and character of the area at a valuation that appears modest compared to its peers. It lacks a garage and pool, prioritizing low-maintenance living.
This property would best suit first-time buyers, downsizers, or practical investors seeking a straightforward home in a quiet, established area. It’s for someone who values function and location over flash, and who may see the below-average assessment as a foundation for building equity. The renovated basement adds flexibility for a home office, family space, or rental potential, catering to those needing versatile square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact methodology isn't public, assessments consider factors like renovations, condition, and specific lot attributes. A below-average assessment on an updated home can sometimes represent a value opportunity, but it's essential to understand the specific reasons through a viewing and potentially a professional appraisal.
2. What are the implications of not having a garage?
This means relying on street parking or adding a shed or carport for storage. For many in established neighbourhoods, this is a common trade-off for lot space and character. Consider your vehicle needs and whether the large lot offers room for a future structure, subject to local bylaws.
3. The home is older—what should I be most concerned about?
While the basement has been renovated, focus on the core systems common to homes of this era: the age and condition of the roof, plumbing, electrical wiring, and the foundation. A thorough home inspection is highly recommended.
4. How does the living space compare to a modern home?
At 1,206 sqft, it's slightly below the current neighbourhood average. The layout may feel more compartmentalized than modern open-concept designs. However, the renovated basement effectively expands usable space, which isn't always reflected in official square footage totals.
5. Is the last sold price from 2019 relevant today?
It provides historical context, but the Winnipeg market has shifted significantly since then. It's more useful to look at recent sales of comparable homes in Heritage Park from the past 3-6 months to gauge current value. The provided comparison to nearby properties with similar assessments is a good starting point for research.
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