Property score
79.3
Good
Overall 79.3 · Older than most nearby homes
1,591 sqft (bottom 48%) · Built in 1983 (10 yrs older than avg)
Located in a high-income area with median household income of ~108k
Transit 68.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 6 parks nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 56%Chinese · 16%
Past 10 years Richmond West sales snapshot (~80% of all data)
800
514.5k
$315/sqft
1993
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79.3 is composed by the two sections below.
Property Score
Community Score
Richmond West
How to read: Share of sales in each ~$50k price band for “richmond 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: #46110952
$108K
Median household income
$138K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
11%
Single-person households
40%
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
106 Tranquil Bay — 7 amenities found within 500 m, across 2 categories, including 1 education (nearest 258 m), 6 parks (nearest 78 m).
Richmond West · WPS public data · 2026
Annual incidents
22
2026
vs. city avg
-25%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Bottom 20% | Top 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 6% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 106 Tranquil Bay, Richmond West, Winnipeg
Key Characteristics & Appeal
This home at 106 Tranquil Bay is a well-proportioned property built in 1983, offering 1,591 sqft of living space. Its primary appeal lies in its solid, above-average size relative to both its immediate street and the wider Winnipeg market, providing more interior space than many comparable homes. The assessed value of $416k positions it as an average offering on its own street but represents a notable value within the Richmond West neighborhood, where average values are significantly higher. This creates an interesting dynamic: you get a home that feels spacious for its price point, especially when viewed city-wide, but on a smaller, more manageable lot typical for the street.
The property would suit practical buyers looking for a comfortable, established home without paying the neighborhood premium for larger land. It’s ideal for those who prioritize interior space over extensive yard maintenance. The sales history shows steady appreciation, suggesting a stable investment in a mature area. A less obvious perspective is that its "around average" metrics on its street indicate a home that fits seamlessly into the existing community fabric, potentially offering fewer surprises in terms of upkeep or style compared to more outlier properties.
Frequently Asked Questions
1. How does this home’s value compare to others in Richmond West?
The home’s assessed value is below the Richmond West neighborhood average, ranking in the top 90% (meaning about 90% of area homes have a higher assessed value). This suggests it could be a more accessible entry point into the neighborhood.
2. Is the living space larger or smaller than typical?
At 1,591 sqft, the living area is above average for both the city and its specific street, but around the average for the broader Richmond West area. You are getting a home with a spacious interior relative to many in Winnipeg.
3. What is the lot size like?
The land area is 4,479 sqft, which is slightly below average for the street and notably smaller than the typical lot in Richmond West. This means less yard to maintain but also less private outdoor space than some neighboring properties.
4. Can I see the exact historical sold prices?
The site shows sold price ranges (e.g., CA$350k–400k in 12/2022). To obtain the exact figures, you must request a manual lookup via email, as the data is not sourced from the MLS.
5. How does the year built affect this property?
Built in 1983, the home is older than many in Richmond West but is typical for its street. This age implies potential for older-home character but also means systems and components may be due for updates or diligent maintenance.
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