Property score
66.5
Good
Overall 66.5 · Older than most nearby homes
1,246 sqft (bottom 46%) · Built in 1973 (3 yrs older than avg)
Located in a high-income area with median household income of ~96k
Transit 68.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 4 parks, 1 place of worship, and 1 government office nearby
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 78%Punjabi · 3%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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66.5 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (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: #46110743
$96K
Median household income
$96K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
19%
Single-person households
25%
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
162 Summerfield Way — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 467 m), 4 parks (nearest 47 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Bottom 7% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 162 Summerfield Way, Winnipeg
Key Characteristics & Buyer Appeal
This 1,246 sqft home, built in 1973, presents a practical opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its strong positioning on its own street. The living area is notably larger than most immediate neighbors (ranking in the top 3% on Summerfield Way), and it is one of the newer homes on the block. However, this street-level advantage comes with a broader context: the property's assessed value ($265k) and lot size (3,205 sqft) sit below the wider neighborhood and city averages. This creates a distinct profile—a home that stands out favorably on its specific street but is priced more accessibly within the larger area.
The home would suit a first-time buyer or a downsizer seeking a well-sized living space in an established area without a premium price tag. It’s a pragmatic choice for someone who values interior space over a large yard and is comfortable with a home that may offer relative value compared to its immediate neighbors, but might not have the same investment premium as properties on larger lots in River East. A thoughtful perspective is that this property could represent a "street-level gem" within its more affordable price tier, offering more house for your money on a street of generally smaller, older homes.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value of $265k is a municipal figure for tax purposes, the last known sale (late 2022) fell in the $200k-$250k range. Market conditions, property condition, and updates since then will ultimately determine the price. The assessed value being below area averages suggests a potentially more accessible entry point.
2. How does the lot size compare, and what does it mean for outdoor space?
The lot is 3,205 sqft, which is smaller than the typical lot in both River East and Winnipeg overall. This means lower maintenance but also more limited private outdoor space compared to many area homes. It is, however, roughly average for Summerfield Way itself.
3. The home is listed as newer than most on the street. Does that mean it’s been updated?
The "Year Built" data only indicates the home's original construction date (1973) is newer than most on its street. It does not confirm any recent renovations or updates. The condition of major systems (roof, windows, HVAC) and interior finishes would need to be verified through a viewing and inspection.
4. The living area ranks very high on the street but is average city-wide. How should I interpret this?
This indicates you are getting a home with above-average interior space for Summerfield Way, which is a street of generally smaller homes. Compared to the entire city of Winnipeg, however, the size is typical. The appeal is getting more space relative to the direct neighborhood norm.
5. Where can I find the exact historical sale prices for this property?
The site provides sold price ranges for context. Due to data display rules, obtaining exact, verified sale figures requires a manual lookup. You can request this information directly via email through the provided link on the property page.
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