123 Prairie Spring Bay

Inkster Gardens, Winnipeg

Property score

82.0

Excellent

Overall 82.0 · Larger and newer than most nearby homes

1,650 sqft (top 24%) · Built in 2018 (19 yrs newer than avg)

Located in a high-income area with median household income of ~108k

Transit 82.0 · 5-min walk to transit with 6 nearby routes · Within 500m: 3 parks, and 1 place of worship nearby

Living Area

Above average

16% larger than neighborhood avg.

Year Built

Above average

19 yrs newer than neighborhood avg.

Mother tongue

Punjabi · 48%English · 24%

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

Sold Count

540

Median price

447.1k

$/sqft

$350/sqft

Avg build year

1999

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

82.0 is composed by the two sections below.

Property Score

80.4Excellent
Living Area1,650 sqft83Excellent
Year Built201897Excellent
Lot Size4,028 sqft53Fair
Neighbourhood Sales Activity65Good

Community Score

84.5Excellent
Household Income88Excellent
Education Level82Excellent
Housing Stress63Fair
Core Housing Need88Excellent
Employment Health90Excellent

Neighbourhood Sales

Inkster Gardens

How to read: Share of sales in each ~$50k price band for “inkster gardens” (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: #46111119

Community deep dive

$108K

Median household income

$118K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

8%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)3,572
Labour force participation rate78%
Median age31.2
Avg household size3.9
Unemployment rate8%
Population density5102 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households8%
Couple families with children41%
Median household income (2020)$108K

Housing

Renter households16%
Condominium dwellings8%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)60%
Visible minority91%
Bachelor's or higher (25–64)40%
Mother tongue (1st)Punjabi · 47%
Mother tongue (2nd)English · 23%

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

Rankings

Living Area

above average
1,650 sqft
0255075100
Same streetBottom 38%Same areaTop 24%CitywideTop 23%
Same street · Prairie Spring Bay
#49 / 79
Bottom 38% · Avg 1,781 sqft
Same area · Inkster Gardens
#351 / 1,446
Top 24% · Avg 1,422 sqft
Citywide · Winnipeg
#44,724 / 194,458
Top 23% · Avg 1,342 sqft

Tax-Assessed Value

above average
545k
0255075100
Same streetBottom 27%Same areaTop 19%CitywideTop 13%
Same street · Prairie Spring Bay
#58 / 79
Bottom 27% · Avg 584k
Same area · Inkster Gardens
#277 / 1,446
Top 19% · Avg 454.9k
Citywide · Winnipeg
#25,913 / 194,458
Top 13% · Avg 390.1k

Year Built

Elite
2018
0255075100
Same streetTop 42%Same areaTop 5%CitywideTop 4%

Lot Size

below average
4,028 sqft
0255075100
Same streetBottom 29%Same areaBottom 28%CitywideBottom 26%

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

123 Prairie Spring Bay — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 235 m).

Search radius
🌳Parks3
Worship1

Crime & Safety

Inkster Gardens · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

75%

Sales History

Sold 4/2019CA$350k–400k
Sold price

Same street

Bottom 2%

Same area

Bottom 33%

City-wide

Top 46%

Related homes

Highlights & common questions: 123 Prairie Spring Bay, Winnipeg

Property Overview: 123 Prairie Spring Bay, Winnipeg

Key Characteristics & Appeal

This well-situated home in Inkster Gardens offers a practical blend of modern convenience and value. Built in 2018, it is a notably newer construction compared to most Winnipeg homes, offering contemporary building standards and minimal immediate maintenance concerns. With 1,650 sqft of living space, it provides above-average roominess for both the neighbourhood and the city. The property includes an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion or storage.

Its primary appeal lies in its value proposition within a newer home segment. While the lot size is modest relative to city norms, this often translates to less yard upkeep. The home’s assessed value is positioned above average for the wider area, suggesting solid inherent value, yet it remains accessibly priced on its own street. This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the premium of a brand-new build, as well as pragmatic investors attracted by the combination of recent construction and a manageable footprint.

Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is below the city average, it requires less maintenance and may result in lower property taxes tied to land value. It’s a trade-off that prioritizes the dwelling itself over extensive outdoor space.

2. The assessed value seems high for the street but low city-wide. What does this mean?
The assessment is above average for Inkster Gardens, reflecting the home’s newer age and size within that specific market. The lower ranking on its own street indicates potentially more affordable property taxes compared to immediate neighbours, which can be an advantage.

3. What does "basement, not renovated" imply?
The basement is finished as living space but in its original state from the 2018 build. It’s functional and clean, but not updated. This is a positive for buyers who prefer to customize the space to their own taste over time.

4. Is the sold price history from 2019 relevant today?
The 2019 sale was likely the initial purchase from the builder. While it provides context, it does not reflect current market value, which is better indicated by the recent assessed value and comparable sales.

5. What is the significance of the home’s "Elite" ranking for year built in the area?
Ranking in the top 5% for age in Inkster Gardens highlights that this is one of the newest homes available in a neighbourhood with many older properties. This typically suggests newer major systems (roof, HVAC, windows) and modern layouts.

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.