80.2
Excellent
Property score
80.2
Excellent
Overall 80.2
Newer than most nearby homes
1,526 sqft (top 33%)
Built in 1992 (3 yrs newer than avg)
Located in a high-income area
with median household income of ~121k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
13% larger than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
Punjabi · 33%English · 33%
Past 10 years Mandalay West sales snapshot (~80% of all data)
472
454k
$385/sqft
1989
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80.2 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111118
$121K
Median household income
$133K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
5%
Single-person households
50%
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 Prelest Place — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 156 m).
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%
Local garbage, recycling, and yard waste pickup schedule for 40 Prelest Place.
Garbage
wednesday
Recycling
wednesday
Yard Waste
wednesday a
40 Prelest Place: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Prelest Place, Mandalay West, Winnipeg
Key Characteristics & Appeal
This home at 40 Prelest Place is a well-proportioned, established property in the Mandalay West neighbourhood. Built in 1992, it offers 1,526 sqft of living space on a 5,583 sqft lot, placing it solidly in the average-to-above-average range for size both locally and across Winnipeg. Its assessed value of $44.30k positions it as a more accessible entry point on its own street while being above the city-wide average for comparable homes, suggesting potential value within its area.
The appeal lies in its balance and stability. It’s not an outlier in any metric, which can be a positive for buyers seeking a predictable, settled community without extremes. The home suits first-time buyers or downsizers looking for a manageable footprint in a mature neighbourhood, as well as value-oriented investors who recognize that a below-average assessment on the street could indicate an opportunity relative to immediate neighbours. A thoughtful perspective is that homes of this era often feature more straightforward layouts and robust construction, appealing to those wary of the complexities of both much older or brand-new builds.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for Prelest Place itself, but ranks above average when compared to similar homes across Winnipeg. This suggests it may offer relative value within its immediate block.
2. What is the neighbourhood like?
Mandalay West is an established residential area. The similar age and size of nearby homes on Prelest Place and surrounding streets indicate a consistent, mature streetscape.
3. Why isn’t the exact sale price history shown?
Exact sale prices are not part of the public record in Manitoba. The service provider offers to manually share this history via email upon request to ensure accuracy.
4. Is the lot size typical for the area?
Yes. The land area is almost exactly the average for Prelest Place and is consistent with the typical lot size in the broader Mandalay West neighbourhood.
5. What might the ranking data imply for future value?
The data shows the home has solid fundamentals (size, lot) compared to the city. Its newer-than-average build year for Winnipeg could be a positive for maintenance considerations. However, its lower ranking on the street for assessed value warrants investigation into condition or updates to understand the full picture.
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