Property score
48.5
Below average
Overall 48.5 · Compared with neighbourhood average
1,040 sqft (bottom 47%) · 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 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 school, 6 parks, 1 sports facility, and 1 bank/ATM nearby
Living Area
Near average
1% smaller 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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48.5 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
9 Veronica Bay — 9 amenities found within 500 m, across 4 categories, including 1 education (nearest 147 m), 6 parks (nearest 98 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 25% | Top 26% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 9 Veronica Bay, Margaret Park, Winnipeg
Key Characteristics & Appeal
This home at 9 Veronica Bay is a study in contrasts, offering a unique value proposition centered on its generous lot. The 1,040 sqft bungalow, built in 1967, presents as a modest, mid-century home in need of modernization. Its primary appeal lies not in the house itself, but in the land it occupies. With a lot size of 7,768 sqft, this property is in the top 5% within the desirable Margaret Park neighborhood, offering a rare and sizable canvas for outdoor living, gardening, or future expansion.
The home would best suit a specific type of buyer: a renovator, builder, or someone prioritizing outdoor space over turn-key interior finishes. It’s an opportunity to secure a large lot in an established area for a relatively accessible price point, as evidenced by its 2023 sale in the $300k-$350k range. The assessed value is strong for the local area, suggesting the lot size is already recognized in its valuation. This isn't a move-in-ready dream home; it's a foundation for one. The appeal is strategic—paying for potential and location over present-day perfection.
Frequently Asked Questions
1. What is the most significant feature of this property?
The standout feature is the exceptionally large lot (7,768 sqft), which ranks in the top 5% for size in the Margaret Park neighborhood. This land size is uncommon and represents the core value of the listing.
2. What condition is the home in?
The listing data focuses on metrics rather than condition, but the year built (1967) and the context of it being a value-opportunity suggest the interior likely requires significant updates, a renovation, or possibly even redevelopment to match the potential of the lot.
3. How does the property compare to others on the street and in the area?
The home is below average in living area for Veronica Bay but sits on a lot that is vastly larger than the typical Margaret Park property. This creates an interesting dynamic where the house is modest for the street, but the land holding is elite for the wider neighborhood.
4. Is this a good investment?
For the right buyer, yes. The combination of a high-demand location and an under-utilized large lot presents a classic value-add opportunity. The investment return would depend on the cost of renovations or rebuilding versus the future market value of an updated home on such a parcel.
5. How can I find out the exact price it sold for in 2023?
The exact sold price is not publicly displayed. The listing service provides a range ($300k-$350k) and offers to manually send the precise figure via email upon request, at no cost and with no marketing spam.
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