23 Wellsprings Cove

Inkster Gardens, Winnipeg

Property score

89.2

Excellent

Overall 89.2 · Larger and newer than most nearby homes

2,274 sqft (top 5%) · Built in 2019 (20 yrs newer than avg)

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

Transit 100.0 · 1-min walk to transit with 8 nearby routes · Within 500m: 4 parks nearby

Living Area

Above average

60% larger than neighborhood avg.

Year Built

Above average

20 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

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Property score

89.2 is composed by the two sections below.

Property Score

92.4Excellent
Living Area2,274 sqft96Excellent
Year Built201997Excellent
Lot Size6,275 sqft81Excellent
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

Elite
2,274 sqft
0255075100
Same streetTop 20%Same areaTop 5%CitywideTop 5%
Same street · Wellsprings Cove
#2 / 10
Top 20% · Avg 2,008 sqft
Same area · Inkster Gardens
#75 / 1,446
Top 5% · Avg 1,422 sqft
Citywide · Winnipeg
#10,463 / 194,458
Top 5% · Avg 1,342 sqft

Tax-Assessed Value

Elite
755k
0255075100
Same streetTop 30%Same areaTop 3%CitywideTop 3%
Same street · Wellsprings Cove
#3 / 10
Top 30% · Avg 678.8k
Same area · Inkster Gardens
#40 / 1,446
Top 3% · Avg 454.9k
Citywide · Winnipeg
#5,492 / 194,458
Top 3% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 30%Same areaTop 1%CitywideTop 4%

Lot Size

above average
6,275 sqft
0255075100
Same streetTop 40%Same areaTop 13%CitywideTop 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

23 Wellsprings Cove — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 124 m).

Search radius
🌳Parks4

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 11/2019CA$600k–650k
Sold price

Same street

Top 50%

Same area

Top 7%

City-wide

Top 6%

Related homes

Highlights & common questions: 23 Wellsprings Cove, Winnipeg

Property Overview: 23 Wellsprings Cove, Inkster Gardens

Section 1: Key Characteristics & Appeal

This two-storey home at 23 Wellsprings Cove is a modern, above-average property within its established Winnipeg neighbourhood. Built in 2019, it offers a move-in-ready foundation with a renovated basement. Its key strength is its generous scale: with over 2,270 sqft of living space, it ranks within the top 5% of homes in Inkster Gardens and city-wide for size, providing ample room for family living, work-from-home setups, or entertaining. The attached garage and a well-sized lot of over 6,200 sqft add practical value.

The appeal lies in its combination of contemporary living space within a mature area. It suits buyers looking for a "best of both worlds" scenario—a newer home that requires minimal immediate work, set on a established street where the landscaping and community feel are more developed than in brand-new subdivisions. The property’s assessed value places it in the elite tier for the neighbourhood, suggesting a premium offering for the area. It would particularly suit growing families seeking space without sacrificing modern amenities, or professionals valuing a home that balances a quiet community location with a relatively recent build to avoid major near-term renovations.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The assessed value of $75,500 is in the top 3% for the entire Inkster Gardens neighbourhood, indicating it is considered a premium property for the area. On its own street, it ranks 3rd out of 10 comparable homes.

2. Is the living space typical for this area?
No, it is notably larger. At 2,274 sqft, it significantly exceeds the neighbourhood average (~1,422 sqft) and ranks in the top 5% of all Winnipeg homes for living area.

3. What is the history of the property?
The home was built in 2019. Public records indicate a sale in November 2019 for between $59,500 and $62,500. Exact sale prices require a direct request to the listing service.

4. What are the utility costs and property taxes like?
While specific figures aren't provided here, the above-average assessed value suggests property taxes will be correspondingly higher than the neighbourhood median. Being a newer build, energy efficiency may help moderate utility costs.

5. How does the lot size compare?
The 6,275 sqft lot is above average for Inkster Gardens but is generally in line with the lots on Wellsprings Cove itself. It offers a solid outdoor space that is manageable without being overly burdensome to maintain.

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