Property score
60.6
Fair
Overall 60.6 · Smaller and older than most nearby homes
844 sqft (bottom 3%) · Built in 1983 (16 yrs older than avg)
Located in a high-income area with median household income of ~96k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, and 1 park nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 48%Punjabi · 18%
Past 10 years Inkster Gardens sales snapshot (~80% of all data)
540
447.1k
$350/sqft
1999
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60.6 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: #46110201
$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
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
51 Petriw Bay — 3 amenities found within 500 m, across 2 categories, including 2 dining (nearest 425 m), 1 parks (nearest 322 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 38% | Bottom 40% | Top 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 2% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
51 Petriw Bay is a compact, renovated bi-level home in Winnipeg's Inkster Gardens neighborhood. Its primary appeal lies in a significant, above-average land size paired with a very modest price point, creating a distinct value proposition. The home itself is smaller than most in the area, but its renovated basement adds functional living space. It last sold in late 2024, indicating recent market activity at this accessible price tier.
Key Characteristics & Ideal Buyer
The defining feature of this property is its land. At over 6,500 sqft, the lot is exceptionally large for its street and neighborhood, ranking in the top 3% and 10% respectively. This presents a major opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical for the price. The home is modest, with a living area (844 sqft) that is notably below average for the area, but it benefits from a renovated basement. The assessed value is low, especially compared to the city-wide average.
Its appeal is grounded in practicality and potential. It suits first-time buyers or investors seeking an entry point into the market with a manageable financial commitment. The large lot is a compelling asset for those who value outdoor space over interior square footage or who have a long-term vision for the property. It would also suit a buyer looking for a renovated, low-maintenance base without the premium of a larger modern home.
Frequently Asked Questions
1. Is the home's small size a major drawback?
While the above-ground living area is compact, the renovated basement provides additional functional space. The trade-off for the smaller footprint is the unusually large yard and a lower price point.
2. What does the large land area actually mean for me?
It offers rare potential for this price range. You have room for extensive gardens, a spacious shed or workshop, recreational space, or future expansion like a large deck or addition, subject to city bylaws.
3. The assessed value seems low. Does that mean the taxes are very low?
Generally, yes. A lower assessed value typically correlates with lower municipal property taxes, which is a key ongoing cost saving for the homeowner.
4. The home sold recently in late 2024. What does that indicate?
The recent sale suggests the property is priced at a level that matches current demand for affordable, no-frills homes with a standout feature—in this case, the lot size. It shows active market interest at this value tier.
5. How does the year built (1983) compare?
For its immediate street, it's actually newer than most homes. However, for the wider Inkster Gardens area, it's older than average. This suggests the surrounding homes on Petriw Bay are generally older, providing useful context for the neighborhood's character.
