50.6
Fair
Property score
50.6
Fair
Overall 50.6
Smaller than most nearby homes
691 sqft (bottom 4%)
Built in 1986 (3 yrs older than avg)
Located in a high-income area
with median household income of ~115k
Transit 88.0
1-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
Below average
49% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 43%Punjabi · 21%
Past 10 years Mandalay West sales snapshot (~80% of all data)
472
454k
$385/sqft
1989
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50.6 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: #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 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
516 Mandalay Drive — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 248 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Bottom 15% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 516 Mandalay Drive presents a distinct profile. Its primary appeal is its position as a newer, well-valued property on its specific street, set against a neighborhood and city-wide context where it is a more compact offering.
Key Characteristics & Appeal
The standout feature is the home's age. Built in 1986, it is the newest house on Mandalay Drive, which may suggest updated core systems or a longer timeline before major replacements are needed compared to immediate neighbors. It carries an assessed value that is above average for its street, yet sits around the city-wide average, indicating a solid valuation foundation.
The appeal here is one of efficiency and value within its immediate locale. With 691 sqft of living space, it is notably smaller than area averages, positioning it as a low-maintenance, easier-to-heat/cool option. This suits first-time buyers, downsizers, or investors seeking a manageable property. The lot size is generous for the street but modest for the wider area, offering outdoor space without overwhelming upkeep. The buyer best suited is one prioritizing modern construction (for the street), value stability, and simpler living over sheer square footage.
Frequently Asked Questions
1. Is the smaller living area a concern for resale?
While below average in size for the neighborhood and city, its above-average assessed value for the street suggests the market recognizes compensating factors, like its newer build. It may appeal to a consistent, if narrower, segment of buyers.
2. What does being the "newest on the street" actually mean?
Practically, it potentially means newer roofing, windows, plumbing, or electrical systems than neighboring homes. This can defer major capital expenses, a key financial consideration.
3. How does the lot size compare?
At 3,428 sqft, the lot is above average for Mandalay Drive but below average for both Mandalay West and Winnipeg overall. It provides a decent private yard while likely keeping property taxes lower than if it were on a larger parcel.
4. Why is the assessed value higher on the street than in the area?
This often reflects the property's condition, improvements, and the specific market dynamics of Mandalay Drive. It suggests this home is considered a premium offering among its direct peers.
5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed. You can request the precise history via email from the listing source; they provide this data manually without using your email for unsolicited marketing.
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