Property score
85.3
Excellent
Overall 85.3 · Larger and newer than most nearby homes
1,921 sqft (top 13%) · 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
35% 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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85.3 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
38 Malwa Cove — 5 amenities found within 500 m, across 2 categories, including 4 parks (nearest 286 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 11% | Top 40% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Malwa Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Inkster Gardens, built in 2018, offers modern living in a well-established neighbourhood. Its key appeal lies in being a relatively newer property within a city where the average home is decades older, potentially reducing immediate major repair concerns. With 1,921 sqft of living space, it provides above-average roominess for both the neighbourhood and the city overall.
The home suits first-time buyers or young families looking for a move-in-ready property without the premium of a brand-new build. Its assessed value is notably above average for the wider area, suggesting it is a substantial property within its market tier. A thoughtful perspective is that while the lot size is typical for the street, it is smaller than the Winnipeg city average, which may appeal to those seeking lower outdoor maintenance. The attached garage and full (though unrenovated) basement add practical utility. This property represents a balanced option for buyers prioritizing interior space and modern construction over a large yard.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks around the middle of the pack on Malwa Cove for living and land area. Its standout feature on the street is its age; it's one of the newer homes, built in 2018, placing it in the top quarter for year built.
2. Is the assessed value a reliable indicator of the likely selling price?
Assessed values are for municipal tax purposes and are not a direct appraisal. Notably, this home's assessed value is above average for Inkster Gardens but below the average for its own street, indicating potential value relative to immediate neighbours.
3. What does the sold price history from 2019 tell us?
The home last sold in early 2019. That price reflects the market conditions and the property's state at that time, six years ago. It provides a historical baseline but is not a guide for its current market value.
4. The basement is noted as "not renovated." What should I expect?
This typically means the lower level is finished with standard, builder-grade materials suitable for casual living space, storage, or utilities, but may not feature high-end finishes or custom upgrades.
5. Why is the home's citywide ranking for size so high if the square footage seems average?
With 1,921 sqft, it ranks above average citywide because a significant portion of Winnipeg's housing stock consists of older, more compact homes. This highlights that the property offers more interior space than most homes across the entire city.
