Property score
57.2
Fair
Overall 57.2 · Larger than most nearby homes
1,152 sqft (top 12%) · Built in 1967 (7 yrs newer than avg)
Located in a above-average income area with median household income of ~72k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 place of worship nearby
Living Area
Above average
14% larger than neighborhood avg.
Year Built
Near average
7 yrs newer than neighborhood avg.
Mother tongue
English · 72%Tagalog · 5%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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57.2 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: #46110697
$72K
Median household income
$87K
Average household income
17%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
28%
Single-person households
24%
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
601 Gateway Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 423 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 38% | Bottom 19% | Bottom 16% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 5% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 601 Gateway Road, Winnipeg
Key Characteristics & Appeal
This 1,152 sqft bungalow, built in 1967, presents a specific value proposition centered on its efficient use of space. Its primary appeal lies in offering above-average living area for its immediate neighborhood and Munroe East area, providing more interior room than many comparable homes, all at a notably below-average assessed value. The data suggests a home that is well-sized and priced accessibly within its local context.
The property would suit practical, value-conscious buyers such as first-time homeowners seeking maximum interior space for their budget, or downsizers looking for a manageable single-level layout without a premium price tag. Its below-average land area (2,782 sqft) indicates a lower-maintenance yard, appealing to those who prefer less outdoor upkeep. A thoughtful perspective is that this home represents an "inward-focused" opportunity—the value is in the enclosed living space rather than in the lot size, making it ideal for buyers whose lifestyle prioritizes indoor comfort over extensive outdoor space or future expansion.
Frequently Asked Questions
1. Why is the assessed value significantly below average?
The assessed value is below average for the street, area, and city. This typically reflects the property’s specific characteristics (like a smaller lot size) and recent sales in the area, resulting in a lower property tax base. It indicates a potentially more affordable entry point.
2. How does the living area compare to nearby homes?
The living area is a key strength. At 1,152 sqft, it ranks in the top 24% on its street and top 12% in the Munroe East area for size, meaning it offers more interior space than most direct comparables.
3. What does the sold price history indicate?
The home sold between $200k-$250k in 2023, and between $150k-$200k in 2016. This shows price appreciation over time. The 2023 sale price range aligns with the current assessed value of $220k, suggesting the assessment is grounded in recent market activity.
4. Is the smaller lot size a major drawback?
It depends on your needs. The lot is below average in size, which means less yard for gardening, play, or expansion. However, this also translates to less maintenance and can be a benefit for those seeking a low-maintenance property.
5. Where can I see more detailed context about the neighborhood?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to see nearby houses and compare details like year built, living area, and lot size visually on a map for deeper context.
