Property score
61.6
Fair
Overall 61.6 · Smaller and older than most nearby homes
960 sqft (bottom 16%) · Built in 1953 (22 yrs older than avg)
Located in a high-income area with median household income of ~102k
Transit 68.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 schools, and 5 parks nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Below average
22 yrs older than neighborhood avg.
Mother tongue
English · 83%French · 2%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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61.6 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: #46111000
$102K
Median household income
$115K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
21%
Single-person households
28%
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
54 Millfield Drive — 7 amenities found within 500 m, across 2 categories, including 2 education (nearest 429 m), 5 parks (nearest 242 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 | Bottom 10% | Bottom 23% | Bottom 44% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
54 Millfield Drive is a 960 sqft bungalow built in 1953, situated on a 7,685 sqft lot in Winnipeg's Minnetonka neighbourhood. Its key characteristics are defined by how it compares locally and city-wide. The home has a below-average living area for its immediate street and broader area, but its lot size is notably larger than the Winnipeg average. With an assessed value of $37,500, it sits below the average for Millfield Drive but is more aligned with averages in Minnetonka and across the city. The property last sold between $300k-$350k in 2017.
Key Characteristics:
This is a modest, older home on a generously sized lot. Its interior space is compact, ranking below most peers in the area, but the property gains significant value from its land. The lot is over 20% larger than the city-wide average, offering ample outdoor space. The assessed value is relatively low for the street, suggesting a potentially lower property tax burden compared to immediate neighbours.
Where Its Appeal Lies:
The primary appeal lies in its land-to-structure ratio. The large lot presents opportunities for gardening, expansion, or future redevelopment, which is increasingly rare in the city. It’s a classic "value-in-the-land" proposition. The home itself represents an affordable entry point into the Minnetonka area, likely appealing to those willing to update or renovate an older, character property. Its previous sale price indicates it has been a viable home for modern living, despite its smaller size.
Ideal Buyer Profile:
This property would best suit a practical first-time buyer, a downsizer looking for manageable indoor space with a large yard, or an investor/renovator who sees potential in the substantial lot. It’s for someone who prioritizes land and location over immediate move-in condition and square footage. A buyer with a vision for updates or an addition could significantly increase the home’s value.
1. Is the assessed value the same as the market value?
No. The assessed value ($37,500) is used for calculating property taxes and is typically much lower than the market value, which is what a buyer would pay. The 2017 sale price of $300k-$350k is a better indicator of its market value.
2. What does the lot size ranking mean for me?
Ranking in the top 13% city-wide for lot size means this property has a larger yard than 87% of comparable homes in Winnipeg. This is a standout feature for privacy, outdoor activities, or future projects, though the lot is smaller than others on Millfield Drive itself.
3. As a smaller home, will it feel cramped?
At 960 sqft, it is notably cozier than the area average. It would suit individuals, couples, or small families comfortable with efficient living spaces. The large lot can functionally extend your living area outdoors in warmer months.
4. What are the implications of the home being built in 1953?
Homes of this age often have solid construction but will likely require updates to mechanical systems (like plumbing or electrical), windows, and insulation. A thorough inspection is essential. It also means the neighbourhood is well-established with mature trees.
5. Why is the assessed value so much lower on this street?
The home’s assessed value is below the street average, likely due to its smaller living area and age compared to neighbours. This can be an advantage, potentially resulting in slightly lower property taxes than other homes on the block, even if market values are similar.
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