Property score
74.4
Good
Overall 74.4 · Smaller but newer than most nearby homes
1,358 sqft (bottom 23%) · Built in 2021 (4 yrs newer than avg)
Located in a high-income area with median household income of ~105k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Above average
4 yrs newer than neighborhood avg.
Mother tongue
English · 58%Punjabi · 12%
Past 10 years Peguis sales snapshot (~80% of all data)
887
505.3k
$321/sqft
2017
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74.4 is composed by the two sections below.
Property Score
Community Score
Peguis
How to read: Share of sales in each ~$50k price band for “peguis” (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: #46111253
$105K
Median household income
$113K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
18%
Single-person households
38%
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
42 Dr. Michael K. Grace Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 394 m).
Peguis · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 4% | Bottom 36% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview: 42 Dr. Michael K. Grace Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2021, offering a move-in-ready condition with the benefits of a newer build, such as updated systems and modern finishes. With 1,358 sqft of living space, it is notably spacious compared to other homes on its street and is average for the wider city, suggesting a efficient and comfortable layout for its age.
The primary appeal lies in its value proposition within a newer neighbourhood context. While its assessed value ($336k) is below average for the larger Peguis area and its lot size is compact, this translates to a lower property tax base and less yard upkeep—a practical trade-off. It suits first-time buyers or downsizers seeking a modern home without the premium of a large lot, or investors looking for a relatively new property with potential for steady rental demand in a developing area. A thoughtful perspective is that this home represents a shift towards efficient land use; you're investing more in the quality of the structure itself rather than in extensive grounds.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($336k) is used for calculating municipal property taxes. Market value, or what a buyer might pay, is determined by current market conditions and can be higher or lower.
2. What does the lot size mean for outdoor space?
The lot is 2,125 sqft, which is compact. This means lower maintenance but limited private yard space. It's well-suited for those who prefer patios, decks, or community green spaces over large private gardens.
3. How does this home compare to others in the city?
It's a study in contrasts. It's newer than 98% of city homes, but on a much smaller lot than most. You get a modern home, but in a more efficient footprint compared to the typical Winnipeg house.
4. The home sold in 2021. Is more recent sales data available?
The provided data shows the 2021 sale. For the most recent and exact sale history, you need to request a manual lookup from the site, as they do not display live MLS sold records.
5. What are the implications of the home being "below average" in value for Peguis?
This doesn't necessarily reflect quality. Peguis contains a wide range of properties. This suggests the home is in a more affordable segment of that specific area, which could mean a lower entry point into a desirable neighbourhood.
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