Property score
53.3
Fair
Overall 53.3 · Smaller and older than most nearby homes
854 sqft (bottom 17%) · Built in 1956 (4 yrs older than avg)
Located in a above-average income area with median household income of ~75k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 3 schools, and 2 parks nearby
Living Area
Below average
15% 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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53.3 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
466 Locksley Bay — 5 amenities found within 500 m, across 2 categories, including 3 education (nearest 443 m), 2 parks (nearest 424 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 | Bottom 40% | Top 31% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 466 Locksley Bay, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1956, the 854 sqft bungalow is compact, ranking below average in living space for its street, neighborhood, and the wider city. However, it sits on a 6,567 sqft lot that is notably larger than most, ranking in the top 5% within the Munroe East area. This creates a clear contrast: a modest, older home on a premium-sized parcel of land.
The appeal lies in this potential. The assessed value ($290,000) is around average for the immediate area but below the city average, suggesting the current valuation is driven more by the house than the land. This dynamic suits specific buyers: those looking for a foothold in the neighborhood who value outdoor space for gardening, recreation, or future expansion over immediate square footage. It’s a candidate for a long-term hold, appealing to an owner-occupant willing to live with a cozy footprint while benefiting from the lot size, or to an investor considering the land’s future redevelopment potential as older homes in the area are gradually renewed.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (70 years), buyers should budget for updates. While systems may be functional, a home of this vintage typically requires modernizations to plumbing, electrical, and insulation. The condition of the roof and foundation should be verified.
2. How does the lot size affect property taxes?
The assessed value, which taxes are based on, is currently moderate for the area. The large lot is a valuable asset, but it hasn’t disproportionately inflated the assessment compared to neighboring properties, which is a positive for current carrying costs.
3. What does the recent sale price range indicate?
The 2024 sale in the $300k-$350k range, above the current assessed value, suggests the market recognized a premium, likely for the lot's value or specific interior condition not captured in the assessment.
4. Is the living area too small for a family?
At 854 sqft, the living space is compact. It would suit a small family, a couple, or a single buyer comfortably. Families needing multiple bedrooms or dedicated living spaces may find it tight without plans for an addition.
5. Why is the city-wide assessed value average so much higher?
The city-wide average ($390k) includes many newer, larger homes. This property’s value is more aligned with its immediate Munroe East context, where older, modest-sized homes are more common, highlighting its local affordability.
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