Property score
53.1
Fair
Overall 53.1 · Smaller than most nearby homes
733 sqft (bottom 4%) · 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
34% 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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53.1 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
55 Gretna Bay — 7 amenities found within 500 m, across 4 categories, including 1 dining (nearest 378 m), 4 parks (nearest 184 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 46% | Top 36% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
55 Gretna Bay is a compact, 733 sqft bungalow built in 1976 on a 4,970 sqft lot in Winnipeg's Meadowood neighbourhood. The data presents a clear profile: it is a smaller, more modestly valued home compared to most in its immediate area and across the city, but with a surprisingly recent build date for its street.
Key Characteristics & Appeal
This home’s primary characteristic is its efficiency and affordability. With a living area significantly below local and city averages, it represents a lower-maintenance footprint. Its assessed value is notably below average for its street and neighbourhood, suggesting a potentially accessible entry point into the market. A key, less obvious standout is its Year Built of 1976, which ranks in the top 3% on its street. This means it is likely the newest or one of the newest homes on Gretna Bay, a potential advantage for systems and structure compared to older neighbours.
The appeal lies in its practicality. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-cost property with the benefits of a newer build date within an established area. It’s not a home for those needing ample space, but rather for those who prioritize financial efficiency and a manageable property. The lot size, while below the street average, is still a decent suburban parcel, offering outdoor space without being overwhelming to maintain.
1. Why is the assessed value so much lower than the last sold price range?
Assessed values for tax purposes often lag behind current market values. The 2022 sale price reflects what a buyer was willing to pay at that time, while the assessment is an administrative valuation that may not capture recent market shifts or specific property conditions.
2. As the newest home on the street, does that mean it needs fewer updates?
While its 1976 build date is newer than its neighbours, the home is still 50 years old. Key components like the roof, windows, and major mechanical systems (furnace, water heater) are likely at or beyond their typical lifespans and should be carefully inspected.
3. Who would this property not suit well?
It would be a challenging fit for growing families needing multiple bedrooms or dedicated workspaces, or for anyone who prefers a home with size and scale comparable to others on the block. Its smaller proportions are a defining feature.
4. The lot is smaller than the street average. Is that a major drawback?
Not necessarily. A slightly smaller lot can mean less yard work and lower maintenance costs. It still provides private outdoor space, which is a key feature for many buyers, without the burden of a very large plot.
5. How should I interpret the "below average" rankings for size and value?
These rankings are purely quantitative comparisons. A "below average" size and value is what makes this property an affordable option. It indicates you are paying for a more compact home, which aligns with its role as a potential starter home or a downsizing opportunity in a mature neighbourhood.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
