Property score
68.8
Good
Overall 68.8 · Older than most nearby homes
1,040 sqft (top 50%) · Built in 1973 (5 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 park, 1 sports facility, and 1 place of worship nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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68.8 is composed by the two sections below.
Property Score
Community Score
Meadowood
How to read: Share of sales in each ~$50k price band for “meadowood” (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: #46110478
$98K
Median household income
$107K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
19%
Single-person households
34%
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 Pembridge Bay — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 151 m), 1 parks (nearest 348 m).
Meadowood · WPS public data · 2026
Annual incidents
24
2026
vs. city avg
-19%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
58%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 5% | Top 7% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Pembridge Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Meadowood presents a compelling blend of space, value, and established neighbourhood character. Built in 1973, the 1,040 sqft house sits on a generous 6,000 sqft lot. The data reveals its standout appeal is highly contextual: while its size and assessed value are around the city-wide average, they rank significantly higher within its immediate street and neighbourhood. Specifically, its living area is in the top 7% on Pembridge Bay, and its assessed value is in the elite top 4% on the street and top 22% in Meadowood. This suggests a property that offers above-average substance for its specific, desirable locale.
The appeal lies in securing a home that outperforms many of its direct neighbours in key metrics, indicating a solid investment within a mature community. It suits practical buyers who value lot size and interior space relative to their immediate surroundings over a brand-new build. It would also attract those who understand that a higher assessed value on the street can signal a well-maintained or updated home in a consistent area, potentially offering stability. The recent sale in the $450k-$500k range further anchors its market position.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $40,800 but sold for between $450,000 and $500,000 in 2024. This large difference is normal; municipal assessed value for taxation purposes typically lags far behind actual market value.
2. Is the living area considered small?
At 1,040 sqft, it is slightly below the city-wide average. However, context is key. On its own street, it ranks in the top 7% for size, meaning it is actually one of the larger homes among its direct neighbours.
3. What does the "Elite" ranking for Year Built mean?
It means that, on Pembridge Bay, this 1973-built home is one of the newest. With a rank of 1 out of 46, it is the newest or among the very newest houses on the street, which is a positive in an older neighbourhood.
4. Are the property taxes likely to be high?
Not necessarily. While the assessed value is high for the street, property taxes are calculated using a mill rate applied to the assessed value. The $40,800 assessment is relatively low, which would typically result in a lower tax bill than a home with a market-value assessment.
5. The home sold recently. What does that indicate?
The 2024 sale suggests the property is likely to be in move-in condition, having transacted very recently in a modern market. It provides a clear, current price benchmark for the area, reducing guesswork about its value.
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