78.6
Good
Property score
78.6
Good
Overall 78.6
Larger and newer than most nearby homes
1,588 sqft (top 12%)
Built in 2005 (17 yrs newer than avg)
Located in a high-income area
with median household income of ~108k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 4 schools, 2 parks, and 2 fuel stations nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
37% larger than neighborhood avg.
Year Built
Above average
17 yrs newer than neighborhood avg.
Mother tongue
English · 65%Tagalog · 6%
Past 10 years Mission Gardens sales snapshot (~80% of all data)
456
413k
$355/sqft
1988
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78.6 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: #46110819
$108K
Median household income
$115K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
13%
Single-person households
34%
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
48 George Lawrence Bay — 8 amenities found within 500 m, across 3 categories, including 4 education (nearest 204 m), 2 parks (nearest 320 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 | Top 11% | Top 3% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 George Lawrence Bay, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous living space and strong value proposition within the Mission Gardens neighbourhood. Built in 2005, it offers modern construction while being established. The 1,588 sqft interior is notably larger than most comparable homes on its street, in the area, and across Winnipeg, placing it in the top 6-12% for space. This is complemented by a balanced, average-sized lot of just over 5,000 sqft.
The primary appeal lies in its standout assessed value, which ranks in the elite top 3% for the Mission Gardens area. This suggests a history of above-average valuation relative to neighbours, often a marker of good condition, desirable features, or a premium location within the locale. A sale in the 2021-2022 period indicates a stable and active market for the property.
This home would suit buyers looking for a move-in-ready, spacious family home in a mature neighbourhood without the concerns of an older build. It’s ideal for those who prioritize interior square footage over an exceptionally large yard and who appreciate a property that holds a strong, documented position in its local market.
Frequently Asked Questions
How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct market appraisal. However, its "elite" ranking in the area indicates the property has consistently been valued higher than most neighbours, which can be a positive signal to the market. The last known sold price range (2021) provides a more recent benchmark.
Is a 2005-built home considered modern?
Yes, in the context of Winnipeg's housing stock, where the city-wide average build year is 1966. A 2005 build means major systems like wiring, plumbing, and the roof are relatively contemporary, potentially reducing near-term repair costs compared to much older homes.
What does the "top percentile" ranking actually tell me?
It provides context beyond raw numbers. For example, the living area isn't just 1,588 sqft—it's that this size outperforms 94% of similar homes on its street. This helps you understand how the property compares in its immediate and wider community.
The lot size is listed as "around average." Is that a drawback?
Not necessarily. It indicates the property is typical for the area, which often means a balanced, manageable yard consistent with the neighbourhood's character. The trade-off is that the significant living space wasn't achieved by sacrificing a disproportionate amount of land.
Why is the exact past sold price only available by email?
Sold price data is not always publicly disclosed in Manitoba. The service offers to provide verified data manually upon request, ensuring the information is accurate while complying with data-sharing practices. It is a common practice for local listing platforms.
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