Property score
83.5
Excellent
Overall 83.5 · Larger and newer than most nearby homes
1,589 sqft (top 28%) · Built in 2018 (19 yrs newer than avg)
Located in a high-income area with median household income of ~108k
Transit 92.0 · 3-min walk to transit with 8 nearby routes · Within 500m: 4 parks, and 1 place of worship nearby
Living Area
Above average
12% 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)
540
447.1k
$350/sqft
1999
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83.5 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111119
$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
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
22 Malwa Cove — 5 amenities found within 500 m, across 2 categories, including 4 parks (nearest 291 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Top 13% | Top 13% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 43% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 22 Malwa Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Inkster Gardens is a modern property, built in 2018, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its balance of contemporary construction and above-average outdoor space. With 1,589 sqft of living area, it is notably larger than the typical Winnipeg home, yet it sits on a substantial 6,804 sqft lot—one of the largest on its street—providing excellent room for gardening, play, or expansion.
The home’s assessed value positions it as a premium property within its immediate neighbourhood and city-wide, suggesting solid finishes and desirability. The attached garage and modern build year mean fewer immediate maintenance concerns compared to older city stock.
This property would suit first-time buyers or young families looking for a newer home without sacrificing yard space, as well as value-conscious buyers who appreciate that the home’s size and lot offer more than what is typical for the area. It’s a practical choice for those prioritizing a modern foundation and outdoor potential over having the absolute largest house on the block.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is. While its living area is slightly below the average for Malwa Cove, its assessed value is also proportionally lower. Crucially, it ranks in the top tiers for both lot size and modern build year in Inkster Gardens and city-wide, indicating you are paying for desirable attributes that are less common.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a rental suite, or a modernized utility and storage area.
3. How does the sold price history inform the current value?
The home sold previously in 2019 and 2021. The increase in sale price over that period was significant, reflecting the home’s newness at the time and market trends. The current assessed value is higher than the last recorded sale, which is typical, but a professional appraisal and current market comparison are essential to determine today’s fair market value.
4. The lot is large, but what is it like?
As the largest lot on Malwa Cove, it offers rare potential. However, it’s important to view the property to understand the lot’s topography, orientation (for sun exposure), and any easements or covenants that might affect how you can use the space.
5. Are there any concerns about it being “below average” for its street?
The “below average” designation for living area and value on Malwa Cove simply means this specific street has larger, higher-valued homes on average. In the broader context of Inkster Gardens and Winnipeg, however, this home is above average. This dynamic could be an advantage, offering a more affordable entry point to a well-regarded street while still benefiting from the neighbourhood’s overall appeal and newer housing stock.
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