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
5 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 5 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 | Bottom 36% | Top 13% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 5 Nihal Bay, Mandalay West
Key Characteristics & Appeal
This 1,637 sqft home, built in 2019, presents a compelling blend of modern living and established value. Its primary appeal lies in its superior standing within multiple contexts. It ranks in the top tier of homes not just in its immediate neighbourhood of Mandalay West, but also across Winnipeg citywide, particularly for its year of construction and living area. The assessed value of $42,700K is notably above average, placing it first among comparable properties on its street and in Mandalay West.
The home suits buyers seeking a relatively new build that requires minimal immediate upkeep, within a mature neighbourhood. It’s ideal for those who value a modern floor plan and amenities, but also appreciate a property with a strong, data-backed value position relative to its peers. A thoughtful perspective is that this home offers the benefits of a "nearly new" construction—avoiding the potential surprises of a brand-new development—while already being part of an established community fabric.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it consistently outperforms benchmarks. It’s in the top 2% of Mandalay West for living area and top 1% for year built and assessed value, indicating it’s a larger, newer, and more highly valued property than the vast majority in its immediate neighbourhood.
2. What does the assessed value tell me?
The $42,700K assessment is a strong indicator of the city’s valuation for taxation purposes and is elite for the area. It suggests a solid foundation for market value, but it is not the same as a current market price or selling price.
3. The home sold in 2019. What can that price history tell me?
The last known sale was in its construction year (2019) for an estimated $300K-$350K. This is most useful for understanding the original purchase price, but does not reflect current value after several years of market changes and potential improvements.
4. Who would this property be a good fit for?
It’s well-suited for professionals or small families looking for a modern, move-in-ready home in a stable neighbourhood. It would also appeal to value-conscious buyers who appreciate clear, quantitative data showing the home’s strong standing compared to alternatives.
5. How can I get more precise historical price information?
The exact sold price history is not publicly displayed in detail. As noted on the listing, you can request this information directly via email, and the service aims to provide the accurate figure manually by the end of the same day.
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