53.5
Fair
Property score
53.5
Fair
Overall 53.5
Smaller than most nearby homes
833 sqft (bottom 10%)
Built in 1978 (10 yrs older than avg)
Located in a high-income area
with median household income of ~89k
Transit 70.0
2-min walk to transit with 1 nearby route
Within 500m: 3 dining spots, 2 schools, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
10 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 7%
Past 10 years Mission Gardens sales snapshot (~80% of all data)
456
413k
$355/sqft
1988
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53.5 is composed by the two sections below.
Property Score
Community Score
Mission Gardens
How to read: Share of sales in each ~$50k price band for “mission gardens” (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: #46110817
$89K
Median household income
$89K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
19%
Single-person households
27%
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
23 Rizzuto Bay — 9 amenities found within 500 m, across 3 categories, including 3 dining (nearest 421 m), 2 education (nearest 294 m), 4 parks (nearest 127 m).
Mission Gardens · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 32% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 5% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 23 Rizzuto Bay, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 23 Rizzuto Bay is a practical, no-frills property that offers value through its land and location rather than its size or finishes. Built in 1978, it is one of the newer homes on its street, which is a notable point in an established neighbourhood. With 833 square feet of living space, the house itself is compact—significantly smaller than average for the street, area, and city. This suggests a efficient, likely bungalow or cottage-style layout.
The primary appeal lies in its substantial 5,299 sqft lot, which is comfortably sized and offers potential for expansion, gardening, or outdoor living. The assessed value is notably low compared to immediate neighbours, indicating a lower property tax burden and presenting an entry point into the Mission Gardens area. Recent sale history shows steady appreciation.
This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with a great yard in a mature neighbourhood. It’s for someone who sees potential in the land and location and is comfortable with a home that may require updates. The value is grounded in what you can do with the property over time, not in turn-key luxury.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than on the street?
The assessment is based on the property's characteristics, including the smaller-than-average living area. A lower assessment typically translates to lower annual property taxes, which can be a financial advantage for the owner.
2. Is the small living area a concern?
At 833 sqft, the home is cozy. It demands efficient use of space and may not suit a growing family needing multiple bedrooms. However, the generous lot size provides a clear opportunity to expand the living space in the future, subject to permits and zoning.
3. What does "one of the newer homes on the street" really mean?
While built in 1978, it ranks in the top 3% for year built on Rizzuto Bay. This means major components like the roof, wiring, and plumbing, while not new, may be from a more modern era than many neighbouring houses, potentially reducing immediate repair needs.
4. How has the property's value changed?
Public records indicate it sold between $200k-$250k in 2017 and between $250k-$300k in 2024. This suggests a stable, increasing market value over a seven-year period.
5. What is the neighbourhood like?
Mission Gardens is an established, quiet residential area. The listing shows nearby properties are of similar vintage and value, indicating a consistent, stable streetscape without drastic variations in house size or style.
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