73.4
Good
Property score
73.4
Good
Overall 73.4
Older than most nearby homes
1,198 sqft (bottom 41%)
Built in 1983 (6 yrs older than avg)
Located in a high-income area
with median household income of ~117k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 39%Punjabi · 26%
Past 10 years Mandalay West sales snapshot (~80% of all data)
472
454k
$385/sqft
1989
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73.4 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: #46110193
$117K
Median household income
$130K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
9%
Single-person households
38%
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
58 Cail Bay — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 177 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 | Top 44% | Top 19% | Top 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 58 Cail Bay, Winnipeg
Key Characteristics & Appeal
This home at 58 Cail Bay in Mandalay West is defined by a standout feature: its exceptionally large lot. At over 12,500 square feet, the land size ranks in the top 2-3% compared to homes on its street, in its neighbourhood, and across Winnipeg. This presents a rare opportunity for a property of this scale in the city. The house itself, built in 1983, is of average size for the area at just under 1,200 sqft and carries an assessed value in line with local norms.
The primary appeal lies in the land itself. It suits buyers with a vision for outdoor space—whether for extensive gardening, recreational areas, future expansions like a garage or workshop, or simply enjoying private, generous grounds. The home offers a solid, modestly-sized foundation in a well-established neighbourhood. It would particularly suit a handy buyer or one planning gradual updates, as the value proposition is heavily weighted toward the lot's potential rather than a turn-key, modern interior. It’s a property for those who prioritize space and possibility over immediate move-in perfection.
Frequently Asked Questions
1. Is the large lot usable, or is it an odd shape?
While the listing confirms the size, it's always wise to verify the lot's dimensions and topography. A large lot is a major asset, but its practical use depends on its shape and any easements.
2. How does the sold price range compare to the assessed value?
The home sold in 2024 for an estimated $400k-$450k, which is significantly higher than its $43,700 assessed value. This is common, as assessed value for tax purposes often lags behind market value. The sale price reflects what buyers were recently willing to pay for this specific property.
3. The living area is below average for the street. Is the house too small?
At 1,198 sqft, it is smaller than many neighbours. This is a key consideration for growing families or those needing ample indoor space. However, for some buyers, a smaller, efficient home on a massive lot is the ideal trade-off.
4. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 97-99% of comparable properties in its broader comparison groups. It's a statistically rare find in Winnipeg for a standard residential lot.
5. The home was built in 1983. What should I expect regarding updates?
Homes from this era may have original components nearing the end of their service life, such as roofs, windows, or major mechanical systems. A thorough inspection is essential to understand the condition and budget for any necessary updates or maintenance.
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