Property score
60.3
Fair
Overall 60.3 · Smaller than most nearby homes
906 sqft (bottom 20%) · Built in 1976 (2 yrs older than avg)
Located in a high-income area with median household income of ~97k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 4 parks, 1 sports facility, and 1 bank/ATM nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 63%French · 9%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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60.3 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: #46110598
$97K
Median household income
$94K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
21%
Single-person households
31%
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
51 Gretna Bay — 7 amenities found within 500 m, across 4 categories, including 1 dining (nearest 380 m), 4 parks (nearest 198 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 | Bottom 38% | Top 50% | Bottom 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 51 Gretna Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1976 bungalow in Meadowood presents a practical opportunity with a distinct character. At 906 sqft, the living space is notably compact, ranking below average for its street, neighborhood, and city. However, this is balanced by a nearly 5,000 sqft lot, offering generous outdoor space relative to the home's footprint. The property’s standout feature is its age relative to the immediate street—built in 1976, it is the newest home on Gretna Bay, which may suggest updated core systems or construction compared to direct neighbors.
Its appeal lies in its efficiency and potential. The below-average assessed value indicates a manageable entry point into the market. The combination of a smaller, maintainable interior with a larger lot suits those who prioritize yard space over square footage, ideal for gardening, pets, or future expansion. It last sold between $300k-$350k in 2020, providing a recent benchmark.
This home would best suit first-time buyers, downsizers, or value-focused investors seeking a lower-maintenance property with land. It’s a pragmatic choice for someone comfortable with a cozy interior who sees value in the outdoor space and the relative modernity of the structure on its block.
Frequently Asked Questions
1. Is the home’s smaller living area a concern?
While the 906 sqft floor plan is compact, it promotes efficient living and lower utility costs. The layout and condition inside will determine how livable the space feels, making a viewing essential.
2. What does it mean that this is the "newest" home on the street?
Built in 1976, it is newer than the average home on Gretna Bay. This can be an advantage, potentially indicating newer wiring, plumbing, or roofing compared to neighboring houses, but a specific inspection is needed to confirm the actual state of these components.
3. How does the lot size compare?
At 4,969 sqft, the lot is smaller than most on its street but is around the city-wide average. It provides a substantial yard for a home of this size, which is a key feature for buyers valuing outdoor space.
4. What is the significance of the assessed value?
The assessed value of $37,600 is for municipal tax purposes and is typically much lower than market value. The 2020 sale price of $300k-$350k is a more relevant indicator of its market worth, though prices have likely shifted since.
5. Can I find out the exact historical sale price?
Yes. The provider offers a manual service to email the exact sold price history upon request, as the prices shown are ranges based on public data.
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