Property score
53.0
Fair
Overall 53.0 · Smaller and older than most nearby homes
891 sqft (bottom 19%) · Built in 1956 (4 yrs older than avg)
Located in a above-average income area with median household income of ~75k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 1 park, and 2 place of worships nearby
Living Area
Below average
12% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 12%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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53.0 is composed by the two sections below.
Property Score
Community Score
Munroe East
How to read: Share of sales in each ~$50k price band for “munroe east” (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: #46110936
$75K
Median household income
$77K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
30%
Single-person households
26%
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
450 Locksley Bay — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 378 m), 1 parks (nearest 297 m).
Munroe East · WPS public data · 2026
Annual incidents
33
2026
vs. city avg
+12%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
52%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 30% | Top 24% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 450 Locksley Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Locksley Bay in Munroe East presents a distinct profile defined by its generous lot and modest footprint. Built in 1956, its primary appeal lies in its substantial, above-average land area of over 6,000 sq ft, ranking it in the top 12% on its street and top 8% in the wider Munroe East area. This offers significant outdoor space and potential in a city where larger lots are increasingly rare. The living area, at 891 sq ft, is compact and below average for the neighbourhood, suggesting a home focused on essentials or one with expansion potential. The assessed value is notably higher than average for the immediate street, but aligns more closely with area and city benchmarks.
This property would best suit a practical buyer who values land over square footage. It’s a fit for someone looking for a manageable, lower-maintenance interior with the rare benefit of a large yard for gardening, recreation, or future projects. It also appeals to value-conscious buyers interested in the Munroe East area, who may see the discrepancy between the smaller home and the large lot as a long-term opportunity, whether for personal use or future investment.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (70 years), buyers should budget for updates common to homes of this era. The below-average living area and above-average assessed value for the street suggest the property may have seen some improvements, but a thorough inspection is essential.
2. What does the sold price range (CA$300k–350k in 2024) indicate?
The recent sale in that range, significantly higher than the assessed value, reflects the strong market value of a large lot. It indicates buyers are willing to pay a premium for the land potential, even with a smaller home.
3. How does the lot size compare practically?
At 6,074 sq ft, the lot is substantially larger than most in Munroe East (top 8%). This isn't just a slight advantage; it provides tangible space for additions, a large garage, or extensive landscaping that isn't possible on standard lots.
4. Who are the immediate neighbours?
The closest properties are other homes on Locksley Bay and Wynten Crescent, indicating a settled, residential setting. The similar age of nearby homes (e.g., 452 Locksley Bay, also built in 1956) suggests a consistent neighbourhood character.
5. Why is the assessed value so different from the city-wide average home value?
The city-wide average assessed value shown ($390k) is compared against all properties. This home’s assessment ($30.9k) is for taxation purposes and is not market value. The market value is better indicated by the recent sold price range.
