89.7
Excellent
Property score
89.7
Excellent
Overall 89.7
Older than most nearby homes
2,001 sqft (top 46%)
Built in 1983 (9 yrs older than avg)
Located in a high-income area
with median household income of ~148k
Transit 64.0
5-min walk to transit with 3 nearby routes
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 77%Chinese · 4%
Past 10 years Linden Woods sales snapshot (~80% of all data)
797
662.5k
$341/sqft
1992
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89.7 is composed by the two sections below.
Property Score
Community Score
Linden Woods
How to read: Share of sales in each ~$50k price band for “linden woods” (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: #46111028
$148K
Median household income
$226K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.9
P90 / P10 ratio
12%
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
22 Parkroyal Bay — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 400 m).
Linden Woods · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
81%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 35% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
22 Parkroyal Bay is a well-established home in Winnipeg’s Linden Woods neighbourhood. Built in 1983, it sits on a generous 8,029 sqft lot and offers 2,001 sqft of living space. The home presents a compelling value proposition, particularly when viewed in a city-wide context. While its size and assessed value are more modest compared to some larger homes on its own street, it stands out significantly against the broader Winnipeg market, offering above-average space and land for the price.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, location, and value. It offers a substantial lot and comfortable living area that ranks well above the city average, all within a desirable, mature neighbourhood. Its assessed value is notably efficient, placing it in an elite tier city-wide, which suggests strong value retention and potential for equity growth.
This home would suit a few specific buyer types perfectly. First, it’s ideal for a growing family seeking a established community with larger lots than newer subdivisions typically offer. Second, it appeals to value-conscious buyers who prioritize getting more house and land for their budget within a reputable area. Finally, it could be a smart choice for those looking at the long-term potential of Linden Woods, where the land itself holds significant inherent value.
A less obvious perspective is that this home, while perhaps not the largest on its block, offers a manageable scale without sacrificing the prestige of the address. It represents an entry point into a high-demand area without the premium price tag of its largest neighbours, making it a pragmatic and strategic purchase.
1. How does this home’s value compare to others in Winnipeg?
City-wide, the home’s assessed value is in the top 5%, meaning it is considered elite value compared to most properties in Winnipeg. This indicates you get a lot of property for the assessed valuation, especially when considering the lot size and neighbourhood.
2. Is the living space small for Linden Woods?
While the living area is below the average for Parkroyal Bay itself, it is very close to the average for the entire Linden Woods area and is significantly larger than the average Winnipeg home. It provides ample space for most families.
3. What does the sold price history tell us?
The home sold for between $500,000 and $550,000 in 2019. This historical data provides a benchmark, but the current value is best determined by a professional assessment considering today’s market conditions and the home’s unique positioning.
4. Is an older home like this a concern?
Built in 1983, the home is younger than the city-wide average. While it will likely have some components (like roof, windows, HVAC) that may need attention or updating due to age, it also benefits from being in a mature neighbourhood with established landscaping and infrastructure.
5. Why is the lot size a notable feature?
At over 8,000 sqft, the lot is above average for both Linden Woods and Winnipeg. This provides excellent outdoor space, privacy, and potential for gardening, play, or future expansion, which is a increasingly rare find in many areas.
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