468 Locksley Bay

Munroe East, Winnipeg

Property score

58.9

Fair

Overall 58.9 · Older than most nearby homes

1,042 sqft (top 35%) · 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

Near average

3% larger 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)

Sold Count

780

Median price

313.8k

$/sqft

$339/sqft

Avg build year

1960

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Property score

58.9 is composed by the two sections below.

Property Score

51.5Fair
Living Area52
1,042 sqftFair
Year Built43
1956Low
Lot Size67
5,276 sqftGood
Neighbourhood Sales Activity32
Low

Community Score

70.0Good
Household Income75
Good
Education Level44
Low
Housing Stress93
Excellent
Core Housing Need76
Good
Employment Health68
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110936

Community deep dive

$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

Population, labour & age

Population (2021)597
Labour force participation rate67%
Median age40.4
Avg household size2.4
Unemployment rate8%
Population density3731 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households30%
Couple families with children26%
Median household income (2020)$75K

Housing

Renter households28%
Condominium dwellings0%
Median dwelling value (owners)$260K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority34%
Bachelor's or higher (25–64)22%
Mother tongue (1st)English · 67%
Mother tongue (2nd)Tagalog · 11%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,042 sqft
0255075100
Same streetTop 21%Same areaTop 35%CitywideBottom 32%
Same street · Locksley Bay
#7 / 34
Top 21% · Avg 985 sqft
Same area · Munroe East
#771 / 2,226
Top 35% · Avg 1,009 sqft
Citywide · Winnipeg
#132,072 / 194,458
Bottom 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
297k
0255075100
Same streetTop 47%Same areaBottom 48%CitywideBottom 28%
Same street · Locksley Bay
#16 / 34
Top 47% · Avg 297.3k
Same area · Munroe East
#1,152 / 2,226
Bottom 48% · Avg 293.5k
Citywide · Winnipeg
#139,258 / 194,458
Bottom 28% · Avg 390.1k

Year Built

above average
1956
0255075100
Same streetTop 24%Same areaBottom 24%CitywideBottom 36%

Lot Size

around average
5,276 sqft
0255075100
Same streetTop 41%Same areaTop 31%CitywideTop 48%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

468 Locksley Bay — 5 amenities found within 500 m, across 2 categories, including 3 education (nearest 460 m), 2 parks (nearest 417 m).

Search radius
🏫Education3
🌳Parks2

Crime & Safety

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%

Sales History

Sold 1/2019CA$200k–250k
Sold price

Same street

Bottom 20%

Same area

Bottom 28%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 468 Locksley Bay, Winnipeg

Property Overview: 468 Locksley Bay, Winnipeg

Key Characteristics & Appeal

This home at 468 Locksley Bay in Munroe East is a well-situated, mid-century property that offers solid value and space relative to its immediate neighbourhood. Built in 1956, the 1,042 sqft house sits on a generous 5,276 sqft lot. Its primary appeal lies in its strong positioning within the local context: the living area is notably above average for Locksley Bay itself (ranking 7th out of 34 homes), offering more interior space than many direct neighbours. The lot size is also competitive, providing ample outdoor space compared to many homes in the wider Munroe East area.

The home suits practical buyers looking for a established neighbourhood character. It’s ideal for someone who values a larger lot and more interior square footage than is typical on the street, without a premium city-wide price tag—the assessed value is significantly below the Winnipeg average. A thoughtful perspective is that this property represents a "neighbourhood anchor" opportunity; it’s a home that already outperforms its closest peers in key metrics like living space and lot size, suggesting potential for further value enhancement in a stable, established setting.

Frequently Asked Questions

1. How does this home’s value compare to nearby recent sales?
A home on the same street sold between $200k-$250k in 2019. Given its above-average living area for the street, this provides a useful benchmark, though market conditions have likely changed since.

2. Is the assessed value the same as the market value?
No. The municipal assessed value for tax purposes is $29,700, which is well below the city-wide average for comparable homes. Market value is determined by current buyer demand and recent sales, and is typically higher.

3. What does the "above average" ranking for living area on the street mean?
It means that out of 34 homes on Locksley Bay, only 6 have a larger living area. This home offers more interior space than most of its direct neighbours, which is a key advantage.

4. Are there newer homes in the area?
Yes. The data shows a nearby property built as recently as 2019, indicating the neighbourhood has a mix of classic and modern homes. This 1956-built home is older than most in Munroe East but is typical for its specific street.

5. How can I get the exact historical sold price for this property?
The exact sold price is not publicly listed. The site offers to provide this information manually via email request, with a promise of a reply by the end of the same day and no unsolicited marketing.