Property score
84.9
Excellent
Overall 84.9 · Larger and newer than most nearby homes
2,166 sqft (top 7%) · Built in 2022 (85 yrs newer than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 1 school, 5 healthcare facilitys, and 2 shops nearby
Living Area
Above average
53% larger than neighborhood avg.
Year Built
Above average
85 yrs newer than neighborhood avg.
Mother tongue
English · 73%French · 14%
Past 10 years Norwood West sales snapshot (~80% of all data)
269
425k
$266/sqft
1937
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84.9 is composed by the two sections below.
Property Score
Community Score
Norwood West
How to read: Share of sales in each ~$50k price band for “norwood west” (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: #46110560
$75K
Median household income
$101K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
43%
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
605 Lyndale Drive — 16 amenities found within 500 m, across 5 categories, including 4 dining (nearest 333 m), 1 education (nearest 389 m), 5 healthcare (nearest 332 m).
Norwood West · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 45% | Top 29% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 605 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This 2022-built home on Lyndale Drive is a distinctly modern property within the established Norwood West neighborhood. Its primary appeal lies in its combination of new construction and above-average scale. With 2,166 sqft of living space, it ranks in the top 7% for size both in the neighborhood and city-wide, offering generous roominess that stands out among older, typically smaller homes in the area.
The property’s assessed value of $980k places it in the elite top 1-2% for its neighborhood and street, signaling a premium valuation driven by its newness, size, and likely higher-end finishes. While the lot size is relatively standard for the street, it is above average for Norwood West, providing balanced outdoor space without excessive maintenance.
This home is ideally suited for buyers seeking a move-in ready, modern build in a mature neighborhood, who value space and contemporary amenities over historic character. It appeals to those looking for a long-term home with the benefits of new construction (modern systems, energy efficiency, minimal immediate repairs) within a well-located community. The premium price point targets buyers for whom quality and space are priorities over finding a renovation project or a bargain.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes?
The assessed value reflects the property's very recent construction (2022) and its significantly larger living area compared to the neighborhood average, which consists mostly of homes built in the early to mid-1900s. New builds with modern materials and systems typically command a substantial premium.
2. What does the sold price history from 2021 refer to?
The sold price of CA$450k-500k in March 2021 almost certainly refers to the sale of the vacant lot or a previous structure before the current home was built. The current value is based on the newly constructed residence.
3. Is the property tax bill proportionate to the assessed value?
Yes, property taxes are calculated based on the mill rate and this assessed value. Prospective buyers should budget for a tax bill that is significantly higher than the neighborhood average, given the home's elite assessment tier.
4. How does the modern design fit with the neighborhood's character?
Norwood West features diverse architectural styles. While many homes are classic, the presence of this new build adds variety. Buyers should consider whether they prefer this modern aesthetic or a home with more traditional character that blends with the streetscape of older properties.
5. Are there any potential concerns with a new build in an older area?
While new construction offers many advantages, it's wise to inquire about the builder's reputation, ensure all final inspections and warranties are in place, and understand how the home's drainage and foundation are integrated with the established lot and surrounding landscape.
