Property score
83.3
Excellent
Overall 83.3 · Smaller but newer than most nearby homes
1,496 sqft (bottom 10%) · 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
Below average
20% smaller 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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83.3 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 | Bottom 1% | Bottom 33% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
7 Alora Cove presents a unique profile within Winnipeg’s Ridgewood South neighborhood. Built in 2024, it is a modern home that stands out for its new construction in a city where the average home is decades older. With 1,496 sqft of living space, it is notably smaller than most homes on its street and in its immediate area, but it compares favorably to the average Winnipeg home. Its assessed value of $453k is above the city average, yet it is the most modestly assessed property on Alora Cove. This combination creates a specific appeal: it offers a like-new, low-maintenance home in a desirable area at a relative value compared to its immediate neighbors, suited for buyers prioritizing modern build quality over square footage.
Key Characteristics & Appeal
The primary appeal of this home lies in its age and position within the market. It is essentially a brand-new home in a mature neighborhood, ranking among the newest 1% of homes city-wide. This means modern building standards, energy efficiency, and minimal immediate repair concerns. While its living space is compact compared to neighboring homes, this can translate to lower utility costs and less upkeep. The property sits on a roughly average-sized lot for the city, offering outdoor space without the burden of an extensive yard.
This home would suit first-time buyers or downsizers seeking a turnkey, modern property in a well-established area. It’s also a practical choice for those who want to live in Ridgewood South but at a more accessible price point than the larger, higher-valued homes on the same street. The buyer should be comfortable with a home that feels spacious by city standards but cozy within its immediate block.
1. Is this a good value for the area?
Based on assessed values, this home is priced below the average for both Alora Cove and the broader Ridgewood South neighborhood. For a buyer wanting to enter this specific area, it represents a relative value, especially considering its new construction. Compared to the wider Winnipeg market, however, its value is above average.
2. Why is the living area smaller than the neighbors'?
Alora Cove appears to be a newer infill or subdivision street where recent homes like this one have been built on subdivided or smaller lots. The data shows most homes on the street were built around the same time (avg. 2024), but this particular model or lot size resulted in a more compact footprint.
3. What are the likely property taxes?
Taxes would be calculated based on the $453k assessed value. You can estimate them by applying the current City of Winnipeg mill rate to this assessment. Taxes will be higher than a typical Winnipeg home (avg. assessment $390k) but lower than most other homes on this street.
4. How can I find out the exact sold price from August 2024?
The site provides sold price ranges for non-members. To receive the exact sale figure, you must request a manual lookup via email from the service, as they do not display MLS sold records due to industry rules.
5. What does the "Elite" ranking for year built mean?
This is a statistical ranking indicating the home is among the newest in its comparison group. For the city-wide level, "Elite" (Top 1%) means it is newer than 99% of comparable homes across Winnipeg, highlighting its standout modern status in an older housing stock.
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.
