63.0
Fair
Property score
63.0
Fair
Overall 63.0
Smaller than most nearby homes
1,196 sqft (bottom 29%)
Built in 1956
Located in a above-average income area
with median household income of ~76k
Transit 64.0
8-min walk to transit with 2 nearby routes
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
8% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer than neighborhood avg.
Mother tongue
English · 77%French · 11%
Past 10 years Niakwa Park sales snapshot (~80% of all data)
58
462k
$384/sqft
1956
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63.0 is composed by the two sections below.
Property Score
Community Score
Niakwa Park
How to read: Share of sales in each ~$50k price band for “niakwa park” (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: #46110589
$76K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
37%
Single-person households
16%
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
31 Iroquois Bay — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 403 m).
Niakwa Park · WPS public data · 2025
Annual incidents
29
2025
vs. city avg
-2%
relative to avg
Year-over-year
▲ +4%
vs. prior year
Primary type
Property
62%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 14% | Top 2% | Top 8% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Top 22% | Top 29% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 43% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 31 Iroquois Bay, Niakwa Park, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 31 Iroquois Bay is a classic, mid-century bungalow built in 1956, situated on a generous, roughly 6,000 sqft lot in the established Niakwa Park neighbourhood. With 1,196 sqft of living space, the house itself is slightly more compact than many in the immediate area but offers a very solid and above-average lot size citywide. Its standout characteristic is its assessed value of $459k, which ranks consistently above average—placing it in the top 15% within Niakwa Park and the top 21% on its own street. This suggests a property that has been valued or improved in ways that outpace many of its direct peers.
The appeal lies in its position within a mature, sought-after neighbourhood, offering a balance of a manageable home footprint with a substantial private yard. The recent sale history shows significant value appreciation over the past few years, indicating strong market confidence in the location. It would suit a buyer looking for a character home in a prime area, who values outdoor space and sees potential in a solid, older structure. It’s particularly well-matched for someone not needing maximum square footage indoors but prioritizing lot size and neighbourhood prestige, possibly a downsizer or a young family planning future updates.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,196 sqft, the living area is slightly below the average for both Iroquois Bay and the wider Niakwa Park area. This indicates a more compact layout compared to many neighbours, which could mean lower utility costs and less maintenance, but may require efficient use of space.
2. Why is the assessed value so high relative to the home's size and age?
The assessed value of $459k ranks well above average for the street, neighbourhood, and city. This premium likely reflects a combination of the desirable lot, the established neighbourhood, and any updates or improvements made to the property that are not detailed in the basic metrics.
3. What does the sale history tell us about the property’s market performance?
The home sold in 2020 in the $300k-$350k range, then again in 2022 for $400k-$450k, and most recently in mid-2024 for $550k-$600k. This trajectory shows robust and rapid appreciation, significantly outpacing average gains in the area over the same period.
4. Is the 1956 build date a concern?
While the home is older than most on its specific street, its 1956 build date is typical for Niakwa Park and Winnipeg as a whole. Any home of this age will require a thorough inspection to assess the condition of major systems like plumbing, electrical, and the foundation, but it is not an outlier for the neighbourhood.
5. How does the lot size compare, and what are the implications?
At 5,999 sqft, the lot is very close to the city-wide average and provides ample outdoor space. It is somewhat smaller than the average lot on Iroquois Bay but larger than many across Winnipeg. This offers a great balance for gardening, recreation, or potential expansion, while still being a manageable size to maintain.
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