Property score
57.3
Fair
Overall 57.3 · Larger than most nearby homes
1,524 sqft (top 3%) · Built in 1967 (4 yrs newer than avg)
Located in a below-average income area with median household income of ~44.4k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, 5 parks, 1 sports facility, and 1 bank/ATM nearby
Living Area
Above average
46% larger than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 66%Tagalog · 9%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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57.3 is composed by the two sections below.
Property Score
Community Score
Margaret Park
How to read: Share of sales in each ~$50k price band for “margaret park” (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: #46110016
$44K
Median household income
$63K
Average household income
26%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
58%
Single-person households
16%
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
2 Veronica Bay — 9 amenities found within 500 m, across 5 categories, including 1 education (nearest 145 m), 5 parks (nearest 97 m).
Margaret Park · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -89%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 18% | Top 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 2 Veronica Bay, Winnipeg
Section 1: Overview & Appeal
This home at 2 Veronica Bay in the Margaret Park neighbourhood presents a compelling mix of space, location, and value. Its key characteristic is a well-proportioned 1,524 sqft living area, which is notably spacious both for its immediate street and the wider city, offering more room than many comparable properties. The lot, at 6,125 sqft, is a significant asset—it’s larger than most in Winnipeg and particularly generous for the Margaret Park area, providing ample outdoor potential.
The appeal lies in this above-average footprint paired with a below-average assessed value for its specific street. This suggests a potential value opportunity, especially for buyers willing to invest in updates, as the home was built in 1967. It would suit a practical buyer looking for a solid foundation in a mature neighbourhood—someone who prioritizes indoor and outdoor space over a modern, turn-key finish. It’s also a sensible fit for those who appreciate a home’s standing within a broader context; while it’s one of the more modestly assessed homes on Veronica Bay, it holds a strong position when compared to the entire city, indicating a desirable location without the premium price tag of its immediate neighbours.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value on its street actually mean?
It means that, of the nine comparable properties on Veronica Bay, this home has the 8th highest assessed value. This isn’t necessarily negative; it can indicate a lower property tax burden and may reflect a home that hasn’t been recently renovated, presenting an opportunity to add value.
2. How spacious is the property compared to typical Winnipeg homes?
The living area is in the top 29% city-wide, meaning it’s larger than about 71% of Winnipeg homes. The lot size is even more distinctive, being in the top 28%, so you get more house and significantly more land than most.
3. The home was built in 1967. What should I consider?
Built in 1967, the home is of a typical age for its neighbourhood and city. The key consideration is the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may need attention or updating.
4. The last sale was between $350k-$400k in 2021. How is that useful?
This price range provides a recent market benchmark. Understanding how the property’s assessed value and any potential improvements since 2021 relate to that sale price will be crucial for determining its current market value.
5. Why is the lot size highlighted as a key feature?
At 6,125 sqft, the lot is substantially larger than the city average (~5,139 sqft) and the Margaret Park average. This offers rare potential for expansion, gardening, outdoor living, or simply more privacy—a feature that is increasingly difficult to find in established neighbourhoods.
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