Property score
60.2
Fair
Overall 60.2 · Larger than most nearby homes
1,152 sqft (top 12%) · Built in 1966 (6 yrs newer than avg)
Located in a above-average income area with median household income of ~75k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby
Living Area
Above average
14% larger than neighborhood avg.
Year Built
Near average
6 yrs newer 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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60.2 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
481 Gateway Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 404 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 | Top 35% | Top 43% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 481 Gateway Road, Winnipeg
Key Characteristics & Appeal
This 1,152 sqft bungalow, built in 1966, presents a practical opportunity in the Munroe East neighbourhood. Its primary appeal lies in its efficient use of space; the living area is notably above average for both its immediate street and the wider Munroe East area, suggesting a well-utilized floor plan within a modest footprint. The assessed value is positioned below average for the broader city and area, which can indicate a more accessible entry point into the market.
The property sits on a 3,406 sqft lot, which is smaller than most comparables. This isn't necessarily a drawback—it translates to less yard maintenance, a potential benefit for those seeking a simpler, low-maintenance lifestyle. The home suits first-time buyers or downsizers looking for a manageable property without sacrificing interior space. Its "around average" metrics for year built and value on its specific street suggest it fits comfortably within its immediate block, offering neighbourhood consistency.
Frequently Asked Questions
1. What does the "below average" assessed value actually mean?
It indicates the city's assessment for this property is lower than most homes in Munroe East and Winnipeg overall. This often results in a relatively lower property tax bill, which is a tangible financial benefit, though the final sale price is determined by the market.
2. Is the smaller lot size a significant limitation?
It depends on your priorities. While it offers less space for extensive gardening or large outdoor structures, it requires less upkeep and landscaping cost. For many, this is a worthwhile trade-off for the above-average interior space.
3. How recent was the last sale, and what did it sell for?
The property sold between 2021 and 2025 for an estimated CA$250k–300k. For the precise sale price and date, you can request the exact history via email from the listing service.
4. How does this home compare to its direct neighbours?
The data shows it is very typical for its street in terms of age and assessed value. Its living space is larger than many on Gateway Road, while its lot is on the smaller side compared to neighbours.
5. What is the neighbourhood context of Munroe East like?
The provided comparison homes show a mix of older bungalows (like the 1956 reference home) and much newer builds (like the 2019 home). This suggests an established area with pockets of recent redevelopment, which can be a sign of a neighbourhood in steady demand.
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