Property score
87.2
Excellent
Overall 87.2 · Compared with neighbourhood average
1,647 sqft (top 45%) · Built in 1989 (4 yrs older than avg)
Located in a high-income area with median household income of ~132k
Transit 68.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 6 parks nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Near average
4 yrs older than neighborhood avg.
Mother tongue
English · 70%Chinese · 9%
Past 10 years Richmond West sales snapshot (~80% of all data)
800
514.5k
$315/sqft
1993
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87.2 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: #46110953
$132K
Median household income
$134K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
8%
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
51 Lancing Cove — 7 amenities found within 500 m, across 2 categories, including 1 education (nearest 376 m), 6 parks (nearest 234 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%
51 Lancing Cove: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
51 Lancing Cove is a well-established two-storey home in Richmond West, built in 1989. Its primary appeal lies in its generous, mature lot—at over 8,700 square feet, the property size ranks in the top 7% of the neighbourhood—offering significant outdoor space in a settled area. The home itself features a renovated basement and an attached garage, with a living area of 1,647 sqft that is comfortably sized but not oversized relative to many newer builds.
This property suits buyers looking for a grounded, long-term family home where the land itself is a major asset. It’s ideal for those who value space for gardens, play, or future additions over a brand-new construction. The appeal is also practical: the assessed value ranks highly city-wide, suggesting a solid foundation of value, while the home’s age and size position it as a potentially more attainable entry into a desirable neighbourhood compared to newer, larger homes nearby. It’s a home for a buyer who sees potential in space and location, and is comfortable with a house that has a history but has seen updates like the basement renovation.
Frequently Asked Questions
How does the lot size compare to newer homes in the area?
The lot is exceptionally large for the neighbourhood, ranking in the top 7%. Many newer subdivisions feature smaller, more compact lots, making this property stand out for those prioritizing outdoor space.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, the permits, and whether it includes added features like a bathroom or legal egress.
The home was built in 1989. What major systems might need attention?
Given its age, key components like the roof, windows, furnace, and air conditioner could be nearing or past their typical lifespan. An inspection would be crucial to understand the remaining life and any imminent capital costs.
How does the assessed value relate to the likely listing price?
The assessed value of $51.4k is a municipal figure for tax purposes and is typically far below market value. Comparable nearby sales, not assessed values, are the true benchmark for determining a listing or offer price.
The living area is average for the area. Is the home’s layout modern?
Built in the late 1980s, the floor plan may reflect the era, with potentially smaller, defined rooms compared to today’s open-concept designs. Viewing the property is essential to see if the layout suits your lifestyle.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
