29 Carriage Bay

Heritage Park, Winnipeg

61.7

Fair

Overall 61.7

Smaller and older than most nearby homes

1,014 sqft (bottom 7%)

Built in 1964 (7 yrs older than avg)

Located in a above-average income area

with median household income of ~65k

Transit 86.0

4-min walk to transit with 4 nearby routes

Within 500m: 1 school, 2 shops, and 2 place of worships nearby

Living Area

Below average

23% smaller than neighborhood avg.

Year Built

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 74%Tagalog · 3%

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

Sold Count

295

Median price

501.3k

$/sqft

$272/sqft

Avg build year

1971

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Property score

61.7 is composed by the two sections below.

Property Score

59.2Fair
Living Area1,014 sqft52Fair
Year Built196446Low
Lot Size11,534 sqft97Excellent
Neighbourhood Sales Activity85Excellent

Community Score

65.4Good
Household Income68Good
Education Level63Fair
Housing Stress52Fair
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

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: #46110281

Community deep dive

$65K

Median household income

$70K

Average household income

21%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.3

P90 / P10 ratio

37%

Single-person households

22%

Families with children

Population, labour & age

Population (2021)798
Labour force participation rate59%
Median age38.4
Avg household size2.1
Unemployment rate8%
Population density5320 / km²

Households & income

Low income (LIM-AT, % pop.)21%
Single-person households37%
Couple families with children22%
Median household income (2020)$65K

Housing

Renter households67%
Condominium dwellings14%
Median dwelling value (owners)$310K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority21%
Bachelor's or higher (25–64)32%
Mother tongue (1st)English · 73%
Mother tongue (2nd)Tagalog · 3%

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

Rankings

Living Area

below average
1,014 sqft
0255075100
Same streetBottom 2%Same areaBottom 7%CitywideBottom 28%
Same street · Carriage Bay
#65 / 66
Bottom 2% · Avg 1,222 sqft
Same area · Heritage Park
#804 / 865
Bottom 7% · Avg 1,319 sqft
Citywide · Winnipeg
#140,680 / 194,458
Bottom 28% · Avg 1,342 sqft

Tax-Assessed Value

Elite
430k
0255075100
Same streetTop 3%Same areaTop 17%CitywideTop 32%
Same street · Carriage Bay
#2 / 66
Top 3% · Avg 348.5k
Same area · Heritage Park
#150 / 865
Top 17% · Avg 370.6k
Citywide · Winnipeg
#62,140 / 194,458
Top 32% · Avg 390.1k

Year Built

around average
1964
0255075100
Same streetBottom 32%Same areaBottom 20%CitywideBottom 46%

Lot Size

Elite
11,534 sqft
0255075100
Same streetTop 2%Same areaTop 2%CitywideTop 4%

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

29 Carriage Bay — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 203 m), 2 shopping (nearest 296 m).

Search radius
🏫Education1
🛒Shopping2
Worship2

Crime & Safety

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%

Sales History

Sold 7/2022CA$450k–500k
Sold price

Same street

Top 4%

Same area

Top 11%

City-wide

Top 22%
Sold 5/2020CA$350k–400k
Sold price

Same street

Top 24%

Same area

Top 32%

City-wide

Top 36%
Sold 10/2017CA$350k–400k
Sold price

Same street

Top 36%

Same area

Top 37%

City-wide

Top 40%

Related homes

Highlights & common questions: 29 Carriage Bay, Winnipeg

Property Overview: 29 Carriage Bay, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 29 Carriage Bay presents a compelling proposition centered on its exceptional lot. The house itself, built in 1964, is a modest 1,014 sqft residence with a renovated basement and a detached garage. Its living space is notably below average for the immediate street, neighbourhood, and city. However, this is dramatically offset by the property's elite, oversized land parcel of over 11,500 sqft—ranking in the top 2-4% of comparable properties at every geographic level. This creates a rare opportunity in a mature neighbourhood.

The primary appeal lies in this land value and potential. The assessed value of $430k is elite for Carriage Bay (top 3%), indicating the lot itself is a significant asset. It perfectly suits two types of buyers: first, those with a vision for expansion or rebuilding who seek a premier lot in a settled area without paying a premium for a large existing structure. Second, it suits buyers who prioritize immense outdoor space, privacy, and greenery over a large interior footprint. It’s a property where the future possibilities or the yard itself are the main attractions, not the current home’s size.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high relative to the home's size?
The $430k assessment is driven predominantly by the value of the land. The lot is exceptionally large for Winnipeg, especially within the established Heritage Park neighbourhood, which commands a premium.

2. Is the house in need of major updates?
While the basement is noted as renovated, the main living area is from 1964 and is below average in size. Buyers should budget for modernizing the main level or consider it a candidate for a significant expansion to match the lot's stature.

3. What can you build on a lot this size?
The large lot provides flexibility for additions, a sizable garage or workshop, extensive landscaping, or even future redevelopment, subject to local zoning bylaws and permits. It offers room that is very difficult to find in the city.

4. How does the sold price history inform the current value?
The home has sold three times since 2017, with each sale price range increasing, reflecting a steady appreciation. The most recent sale in mid-2022 was in the $435k-$465k range, aligning with the current assessed value and demonstrating strong demand for properties with these land characteristics.

5. What is the neighbourhood (Heritage Park) like?
Heritage Park is a mature, established neighbourhood. The property's rankings show that while the home is older and smaller than many in the area, its lot size and assessed value are well above the neighbourhood averages, placing it among the more premium holdings on the street.

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