18 Penny Lane

Mandalay West, Winnipeg

79.4

Good

Overall 79.4

Larger than most nearby homes

1,736 sqft (top 16%)

Built in 1988 (1 yr older than avg)

Located in a high-income area

with median household income of ~115k

Transit 80.0

3-min walk to transit with 3 nearby routes

Within 500m: 4 parks nearby

Living Area

Above average

29% larger than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 43%Punjabi · 21%

Past 10 years Mandalay West sales snapshot (~80% of all data)

Sold Count

472

Median price

454k

$/sqft

$385/sqft

Avg build year

1989

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Property score

79.4 is composed by the two sections below.

Property Score

79.7Good
Living Area1,736 sqft86Excellent
Year Built198878Good
Lot Size5,573 sqft74Good
Neighbourhood Sales Activity28Low

Community Score

78.9Good
Household Income90Excellent
Education Level44Low
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

Mandalay West

How to read: Share of sales in each ~$50k price band for “mandalay west” (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: #46110189

Community deep dive

$115K

Median household income

$118K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

8%

Single-person households

32%

Families with children

Population, labour & age

Population (2021)587
Labour force participation rate66%
Median age39.6
Avg household size3.4
Unemployment rate7%
Population density4192 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households8%
Couple families with children32%
Median household income (2020)$115K

Housing

Renter households5%
Condominium dwellings8%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)56%
Visible minority72%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 43%
Mother tongue (2nd)Punjabi · 21%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,736 sqft
0255075100
Same streetTop 36%Same areaTop 16%CitywideTop 20%
Same street · Penny Lane
#5 / 14
Top 36% · Avg 1,603 sqft
Same area · Mandalay West
#252 / 1,596
Top 16% · Avg 1,346 sqft
Citywide · Winnipeg
#37,967 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
455k
0255075100
Same streetTop 29%Same areaTop 31%CitywideTop 28%
Same street · Penny Lane
#4 / 14
Top 29% · Avg 432.7k
Same area · Mandalay West
#499 / 1,596
Top 31% · Avg 418.4k
Citywide · Winnipeg
#53,483 / 194,458
Top 28% · Avg 390.1k

Year Built

above average
1988
0255075100
Same streetTop 14%Same areaTop 31%CitywideTop 24%

Lot Size

around average
5,573 sqft
0255075100
Same streetTop 43%Same areaTop 48%CitywideTop 41%

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

18 Penny Lane — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 270 m).

Search radius
🌳Parks4

Crime & Safety

Mandalay West · WPS public data · 2026

Annual incidents

7

2026

vs. city avg

-76%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

43%

Sales History

Sold 8/2020CA$400k–450k
Sold price

Same street

Bottom 20%

Same area

Top 32%

City-wide

Top 32%

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