23 Petriw Bay

Inkster Gardens, Winnipeg

Property score

64.2

Fair

Overall 64.2 · Smaller and older than most nearby homes

1,028 sqft (bottom 15%) · Built in 1978 (21 yrs older than avg)

Located in a high-income area with median household income of ~96k

Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, and 1 park nearby

Living Area

Below average

28% smaller than neighborhood avg.

Year Built

Below average

21 yrs older than neighborhood avg.

Mother tongue

English · 48%Punjabi · 18%

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

64.2 is composed by the two sections below.

Property Score

55.8Fair
Living Area52
1,028 sqftFair
Year Built67
1978Good
Lot Size53
4,398 sqftFair
Neighbourhood Sales Activity65
Good

Community Score

76.8Good
Household Income83
Excellent
Education Level63
Fair
Housing Stress83
Excellent
Core Housing Need76
Good
Employment Health68
Good

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: #46110201

Community deep dive

$96K

Median household income

$94K

Average household income

16%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

7%

Single-person households

40%

Families with children

Population, labour & age

Population (2021)705
Labour force participation rate67%
Median age32.8
Avg household size3.4
Unemployment rate9%
Population density5035 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households7%
Couple families with children40%
Median household income (2020)$96K

Housing

Renter households37%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority74%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 48%
Mother tongue (2nd)Punjabi · 18%

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

Rankings

Living Area

around average
1,028 sqft
0255075100
Same streetTop 32%Same areaBottom 15%CitywideBottom 29%
Same street · Petriw Bay
#20 / 62
Top 32% · Avg 985 sqft
Same area · Inkster Gardens
#1,235 / 1,446
Bottom 15% · Avg 1,422 sqft
Citywide · Winnipeg
#138,307 / 194,458
Bottom 29% · Avg 1,342 sqft

Tax-Assessed Value

Elite
392k
0255075100
Same streetTop 3%Same areaBottom 34%CitywideTop 40%
Same street · Petriw Bay
#2 / 62
Top 3% · Avg 334.7k
Same area · Inkster Gardens
#956 / 1,446
Bottom 34% · Avg 454.9k
Citywide · Winnipeg
#78,603 / 194,458
Top 40% · Avg 390.1k

Year Built

around average
1978
0255075100
Same streetTop 48%Same areaBottom 2%CitywideTop 35%

Lot Size

above average
4,398 sqft
0255075100
Same streetTop 26%Same areaBottom 39%CitywideBottom 32%

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 Petriw Bay — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 438 m), 1 parks (nearest 236 m).

Search radius
🍽️Dining1
🌳Parks1

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 6/2023CA$450k–500k
Sold price

Same street

Top 3%

Same area

Top 25%

City-wide

Top 23%

Related homes

Highlights & common questions: 23 Petriw Bay, Winnipeg

Property Overview: 23 Petriw Bay, Winnipeg

Key Characteristics & Buyer Appeal

This one-storey home in Inkster Gardens is a study in solid value within its immediate neighborhood. Its key characteristic is a recently renovated basement, adding modern living space to the 1,028 sqft footprint. The detached garage and a land size that's above average for Petriw Bay (4,398 sqft) offer practical utility and space. The home’s appeal lies in its strong positioning on its own street: it ranks in the top 3% for assessed value and has a sold price history that outperforms most direct neighbors, suggesting it is a well-regarded property on the block. While its size is below average for the wider Inkster Gardens area and city, this translates to a potentially more manageable and efficient layout.

It would suit first-time buyers or downsizers looking for a single-level living option with recent updates in a stable, established neighborhood. The data indicates it’s a property that holds its value exceptionally well on its street, appealing to a pragmatic buyer who values community standing and renovation work already completed over sheer square footage.

Frequently Asked Questions

1. How does this home’s value compare to the area?
While its assessed value is around average for Inkster Gardens and city-wide, it ranks in the elite top 3% on its own street. This suggests it is considered a premium property among its direct neighbors, likely due to factors like the renovated basement.

2. Is the living space smaller than typical homes?
Yes. At 1,028 sqft, the living area is below the average for both the broader Inkster Gardens area and Winnipeg overall. However, it is very close to the average for homes specifically on Petriw Bay, indicating the street consists of similarly sized, cozy properties.

3. What is the significance of the sold price history provided?
The sold price range from June 2023 is based on public data. The exact figure is available upon request to ensure accuracy, as the provided range is an estimate. This history shows the home sold in a price tier that outperformed about 75% of comparable sales in the area at that time.

4. The home was built in 1978. What should I consider?
Built 48 years ago, the home is older than most in Inkster Gardens but is typical for its street and slightly newer than the city-wide average for comparable homes. The renovated basement is a significant update, but a thorough inspection of original components like the roof, windows, and major systems is always recommended for a home of this age.

5. Who are the closest neighbors, and how close are they?
The five nearest properties are all on the same block of Petriw Bay, with the closest homes at 19 and 27 Petriw Bay being approximately 13 meters away. This indicates a standard, close-knit suburban lot layout.