Property score
88.3
Excellent
Overall 88.3 · Newer than most nearby homes
1,876 sqft (top 44%) · Built in 2024 (7 yrs newer than avg)
Located in a high-income area with median household income of ~139k
Transit 42.0 · 9-min walk to transit with 1 nearby route
Living Area
Near average
0% larger than neighborhood avg.
Year Built
Above average
7 yrs newer than neighborhood avg.
Mother tongue
English · 74%Tagalog · 3%
Past 10 years Ridgewood South sales snapshot (~80% of all data)
537
600.9k
$308/sqft
2017
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88.3 is composed by the two sections below.
Property Score
Community Score
Ridgewood South
How to read: Share of sales in each ~$50k price band for “ridgewood south” (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: #46111084
$139K
Median household income
$142K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
9%
Single-person households
50%
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
Ridgewood South · WPS public data · 2026
Annual incidents
2
2026
vs. city avg
-93%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 39% | Top 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Alora Cove, Winnipeg
Key Characteristics & Appeal
This home at 55 Alora Cove in Ridgewood South is a modern, move-in-ready property built in 2024. Its primary appeal lies in its combination of new construction and above-average space. With 1,876 sqft of living area, it offers more room than most Winnipeg homes and sits comfortably above the average for its immediate street. The assessed value of $533k is notably higher than the citywide average, reflecting its newer condition and desirability.
The home’s standout feature is its age. Being only two years old places it in the top tier of homes city-wide and within the neighborhood, suggesting minimal immediate maintenance and modern building standards. A thoughtful perspective is that while the lot size is smaller than others on the street, this often translates to less yard upkeep—a potential plus for buyers seeking a new home without the burden of a large garden.
This property would best suit buyers looking for a modern, spacious home in a developing area who prioritize a turnkey condition over a large lot. It’s ideal for professionals or small families wanting the benefits of a new build (like contemporary layouts and energy efficiency) within a community that has a mix of similarly aged homes.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in April 2024 for an estimated $550k-$600k. This placed it in the top half of sales on the street at that time, aligning with its above-average living area and new construction status compared to neighboring properties.
2. Is the property tax likely to be high given the assessed value?
While the assessed value is above the Winnipeg average, it is around the median for both Alora Cove and the broader Ridgewood South area. You can expect taxes to be generally in line with other newer homes in this specific neighborhood.
3. What are the trade-offs for having a newer home on a smaller lot?
The lot is below the street average, meaning less private outdoor space. However, this typically reduces maintenance time and costs. The benefit is a modern, low-maintenance home interior, which for many outweighs the desire for a larger yard.
4. How does the living space truly compare to the area?
The living area is genuinely spacious. It ranks above average city-wide and on its street. Within Ridgewood South, it’s about average, meaning it fits right in with the scale of this particular community without feeling disproportionately large or small.
5. Can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data licensing. However, you can request the precise figure via email from the site, which provides a manual lookup service for verified transaction history.
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