58.0
Fair
Property score
58.0
Fair
Overall 58.0
Smaller and older than most nearby homes
880 sqft (bottom 6%)
Built in 1978 (21 yrs older than avg)
Located in a high-income area
with median household income of ~100k
Transit 76.0
6-min walk to transit with 4 nearby routes
Within 500m: 3 dining spots, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 49%Punjabi · 18%
Past 10 years Inkster Gardens sales snapshot (~80% of all data)
540
447.1k
$350/sqft
1999
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58.0 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: #46110199
$100K
Median household income
$106K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
5%
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
40 Petriw Bay — 4 amenities found within 500 m, across 2 categories, including 3 dining (nearest 386 m), 1 parks (nearest 275 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 | Top 48% | Bottom 15% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 880 sqft, one-storey home at 40 Petriw Bay in Winnipeg's Inkster Gardens neighborhood presents a straightforward, value-oriented opportunity. Built in 1978, its key characteristics include a renovated basement and a modest 2,798 sqft lot. The home lacks a garage or pool. Its assessed value is notably low compared to city-wide averages, and it last sold in 2021 for an estimated $28.5k–$31.5k.
Section 1: Appeal & Suitability
The primary appeal of this property lies in its affordability and functional updates. With a renovated basement, it offers immediate livability without major renovation costs. Its smaller size and lot translate to lower maintenance and utility expenses, a practical consideration for budget-conscious buyers.
This home would suit first-time buyers seeking an entry point into the market, investors looking for a low-cost rental property, or downsizers wanting a manageable, single-level layout. A less obvious perspective is its potential as a "stepping stone" property; its low carrying costs allow owners to build equity with minimal financial pressure, providing stability while planning a next move. It’s a pragmatic choice for those who prioritize financial flexibility over size or premium location.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative. While low compared to the entire city, it is more in line with (though still below) averages for its immediate street and the Inkster Gardens area, reflecting the local market conditions and property characteristics.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Interested buyers should inquire about the finishes, permits, and whether it includes added living space, a rental suite, or simply updated surfaces.
3. Is the lack of a garage a significant drawback?
This depends on your needs. For some, it simplifies exterior maintenance. For others, it requires planning for vehicle parking and storage. The on-street parking typical of the area should be considered.
4. How does the home's size compare to nearby properties?
At 880 sqft, it is smaller than the average home on its own street (~985 sqft) and significantly smaller than the average in Inkster Gardens (~1,422 sqft). This contributes to its affordability but means space is efficient.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you must request it directly via email from the listing service, which provides the accurate figure manually without using your email for marketing.
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