Property score
56.9
Fair
Overall 56.9 · Smaller and older than most nearby homes
832 sqft (bottom 3%) · Built in 1972 (4 yrs older than avg)
Located in a high-income area with median household income of ~96k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 4 parks, 1 place of worship, and 1 government office nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
4 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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56.9 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
22 Tranquility Cove — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 498 m), 4 parks (nearest 50 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 21% | Bottom 11% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 22 Tranquility Cove is a compact, well-priced bungalow built in 1972, offering a practical entry point into Winnipeg's River East neighborhood. Its primary appeal lies in its relative affordability within a stable area, as its assessed value of $312k sits notably below neighborhood averages. The 832 sqft living area is modest, ranking below most comparable homes locally, which positions it as a true starter home or a downsizing opportunity.
The property suits first-time buyers seeking a manageable footprint and lower carrying costs, or investors looking for a rental property with a reasonable entry price. A thoughtful perspective is that its smaller size and lot (5,000 sqft) translate to less maintenance and lower utility costs—a significant, often overlooked advantage. While it doesn't offer spaciousness, its year-built is the newest on its street, suggesting potentially fewer immediate updates than older neighbors. It’s a home that prioritizes financial accessibility and simplicity over size.
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $312k is a benchmark for municipal taxes, not a market price. Given it's below area averages, it suggests a competitive starting point, but the final sale price will depend on market conditions, the home's interior condition, and recent upgrades.
2. How does the smaller living area impact daily living?
At 832 sqft, the home is efficient but compact. It likely accommodates one or two occupants comfortably. Buyers should consider if the layout is open and functional for their needs, as space for storage and entertaining will be limited.
3. What are the implications of the home being the newest on the street?
Built in 1972 and ranked #1 on its street for year-built, it may have benefited from slightly newer construction standards or materials than immediate neighbors. However, a home of this age will still require a thorough inspection for foundational, roofing, plumbing, and electrical systems common to that era.
4. The lot is smaller than average. Is there room for expansion or gardening?
The 5,000 sqft lot provides standard backyard space for a city home but less than many in River East. Significant expansions or additions may be limited by lot coverage bylaws. It's suitable for a patio or small garden but not for extensive outdoor structures.
5. How can I verify the past sale price mentioned for 2016?
The site provides estimated sale price ranges. For fully verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.
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