82.2
Excellent
Property score
82.2
Excellent
Overall 82.2
Larger and newer than most nearby homes
1,637 sqft (top 2%)
Built in 2019 (9 yrs newer than avg)
Located in a high-income area
with median household income of ~115k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
38% larger than neighborhood avg.
Year Built
Above average
9 yrs newer than neighborhood avg.
Mother tongue
English · 43%Punjabi · 21%
Past 10 years Mandalay West sales snapshot (~80% of all data)
52
223.5k
$217/sqft
2010
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82.2 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” (Condos, 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: #46110189
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
41 Nihal Bay — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 237 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 41 Nihal Bay.
Garbage
wednesday
Recycling
wednesday
Yard Waste
wednesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 9% | Top 2% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 41 Nihal Bay, Mandalay West
Key Characteristics, Appeal & Ideal Buyer
This home at 41 Nihal Bay is a modern, well-sized property in Winnipeg's Mandalay West neighbourhood. Built in 2019, it offers 1,637 sqft of living space. The appeal lies in its combination of a contemporary build, above-average size, and a strong position within its immediate area. The data shows it ranks in the top tier for its street and neighbourhood in terms of living area, assessed value, and year built. Specifically, it stands in the top 2% of Mandalay West for size and the top 1% for assessed value, indicating a premium property within a desirable community.
Its suitability extends to a few buyer profiles. It's an obvious fit for those seeking a modern, low-maintenance home without the need for immediate updates. More thoughtfully, it would suit a value-conscious buyer who appreciates statistical reassurance—the numbers confirm it outperforms most peers locally and city-wide. It's also ideal for someone prioritizing a strong foothold in an established neighbourhood, as it represents one of the newer and more substantial homes on the block, potentially offering a long-term advantage in a maturing area.
Frequently Asked Questions
1. How current and reliable is the assessed value?
The assessed value of $42,700 is a government valuation for tax purposes. It ranks in the top 1% within Mandalay West, indicating it's considered a high-value home for the area, but market value can differ based on current conditions.
2. What does the sold price history tell us?
The home sold in 2019 for an estimated $350k–$400k. This provides a baseline, but the market has likely changed since then. The exact sold price is available upon request from the listing service.
3. Is the house large for the area?
Yes. With 1,637 sqft, it is above average for its street and ranks in the elite top 2% for size within the broader Mandalay West neighbourhood, making it a spacious option in this community.
4. What are the benefits of a 2019 build?
A home built in 2019 typically means modern building codes, newer major systems (like HVAC and plumbing), and contemporary floor plans. It also suggests minimal immediate repair costs compared to older Winnipeg housing stock.
5. How can I genuinely compare this property to others?
The listing provides a direct neighbourhood analysis tool. This allows you to see this home on a map alongside nearby properties to visually compare key metrics like year built, size, and assessed value, giving context beyond basic descriptions.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
