58.1
Fair
Property score
58.1
Fair
Overall 58.1
Larger than most nearby homes
1,577 sqft (top 2%)
Built in 1965 (2 yrs newer than avg)
Located in a below-average income area
with median household income of ~44.4k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 1 school, 5 parks, 1 sports facility, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
51% larger than neighborhood avg.
Year Built
Below average
2 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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58.1 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
5 Vera Bay — 9 amenities found within 500 m, across 5 categories, including 1 education (nearest 198 m), 5 parks (nearest 128 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 | Bottom 1% | Top 30% | Bottom 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 5 Vera Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 5 Vera Bay in the Margaret Park neighbourhood presents a compelling blend of space, land, and value. Its key characteristic is an exceptionally large lot of over 10,500 sqft, which ranks in the top 1% of properties in Margaret Park and the top 5% city-wide. This offers rare potential for expansion, gardening, or outdoor living within the city. The living space of 1,577 sqft is comfortably above average for both the immediate street and the broader neighbourhood.
The appeal lies in this unique combination: a home with ample interior space situated on a premium, sizable parcel of land, all while carrying an assessed value that is around the city average. This creates a notable value proposition, especially for buyers who prioritize land size over a recently built home, as this property was built in 1965. It would particularly suit buyers looking for a long-term family home with room to grow, DIY enthusiasts or builders who see potential in the generous lot, and value-conscious purchasers who understand that land is a scarce commodity and are willing to consider older homes with good bones and prime lots.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $364,000. The last recorded sale was between 2019-2025 for an estimated $300,000–$350,000. For the exact historical sale price, you can request details via email from the listing source.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is in the top 1% of all 676 comparable properties in the Margaret Park area. You are getting a land parcel that is significantly larger than most in this desirable neighbourhood.
3. The home was built in 1965. What should I consider?
While the structure is older, this is reflected in its accessible assessed value. Buyers should budget for potential updates to systems like plumbing, electrical, or windows, and consider a thorough inspection. The trade-off is the opportunity to own a large lot that is no longer available in newer subdivisions.
4. Is the living space adequate for the lot size?
At 1,577 sqft, the home is spacious for the area, but the lot size offers disproportionate potential. This could be ideal for those who value expansive outdoor space or envision a future addition, sunroom, or garage.
5. Who are the typical buyers in this area?
Margaret Park attracts buyers seeking established, tree-lined neighbourhoods. Given this home's specific metrics, it likely appeals to those prioritizing land and space over a turn-key modern build, including growing families, multi-generational households, or anyone seeking a private outdoor oasis close to city amenities.
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