88.8
Excellent
Property score
88.8
Excellent
Overall 88.8
Larger and newer than most nearby homes
2,485 sqft (top 7%)
Built in 1990 (15 yrs newer than avg)
Located in a high-income area
with median household income of ~146k
Transit 68.0
2-min walk to transit with 1 nearby route
Within 500m: 1 healthcare facility, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
73% larger than neighborhood avg.
Year Built
Above average
15 yrs newer than neighborhood avg.
Mother tongue
English · 73%French · 5%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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88.8 is composed by the two sections below.
Property Score
Community Score
Minnetonka
How to read: Share of sales in each ~$50k price band for “minnetonka” (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: #46110999
$146K
Median household income
$218K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.4
P90 / P10 ratio
10%
Single-person households
36%
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
40 Settlers Road — 5 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 134 m), 4 parks (nearest 198 m).
Minnetonka · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -87%
vs. prior year
Primary type
Property
75%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 25% | Top 7% | Top 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Top 16% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Settlers Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 40 Settlers Road in Minnetonka presents a compelling mix of space, value, and established community living. Its primary appeal lies in its generous living area of 2,485 sq ft, which ranks within the top 7% of the Minnetonka area and the top 3% city-wide, offering significantly more interior space than typical Winnipeg homes. Built in 1990, it is a well-situated property in a mature neighbourhood, with an assessed value that positions it as an above-average offering for the broader area.
The home is ideally suited for buyers who prioritize interior square footage over a large lot, as the living space is a standout feature while the lot size is more modest for the immediate street. It would appeal to growing families or those who work from home and need ample room, and to value-conscious buyers looking for a property that outperforms city-wide averages. A thoughtful perspective is that this home represents a "sweet spot" – it's newer than many city-wide properties but has passed the stage of early-build teething problems, potentially offering settled reliability. Its strong ranking for living area against both area and city benchmarks suggests it's a efficient use of space, likely with a practical layout.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the home sold in the $650k-$700k range in 2020, which placed it in the top 25% of sales for Settlers Road at that time. Its current assessed value is around the street's average.
2. Is the lot size a disadvantage?
While the lot is below the average size for Settlers Road, it is still above the city-wide average. This suggests a balanced yard that requires less maintenance than larger lots but still provides private outdoor space. It’s a trade-off that prioritizes interior living area.
3. What does the "Elite" city-wide ranking for living area mean?
This means the home's interior square footage is greater than approximately 97% of all residential properties in Winnipeg. It is a truly spacious home by municipal standards, which is a key differentiator.
4. The home was built in 1990. Should I be concerned about major updates?
A home of this age may be approaching the natural replacement period for some major components, such as the roof, windows, or HVAC system. A thorough inspection is advised to assess the condition and remaining lifespan of these elements, which also presents an opportunity to customize updates.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published publicly. You can request this information directly via the provided email contact, and the service aims to provide the accurate figures manually by the end of the same business day.
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