Property score
64.1
Fair
Overall 64.1 · Smaller and older than most nearby homes
1,076 sqft (bottom 28%) · 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: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
23% 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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64.1 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
23 Tranquility Cove — 12 amenities found within 500 m, across 7 categories, including 3 dining (nearest 472 m), 1 education (nearest 490 m), 1 healthcare (nearest 490 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 | Top 43% | Bottom 49% | Top 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 23 Tranquility Cove, River East, Winnipeg
Key Characteristics & Appeal
This 1,076 sqft bungalow, built in 1972, sits on a 5,498 sqft lot in Winnipeg's River East neighborhood. Its primary appeal lies in its strong positioning within its immediate, established street. The home ranks above average in living area for Tranquility Cove and is the newest build on the street, suggesting a well-kept property in a consistent setting. With an assessed value of $337k, it is priced accessibly compared to the broader River East area, where average values are significantly higher. This creates a value proposition: you get a home that stands out on its own street for space and age, without the premium often associated with the wider neighborhood.
The property would suit first-time buyers or downsizers seeking a manageable, single-level home in a quiet cul-de-sac setting. It’s also a practical fit for value-conscious buyers who prioritize a solid footing in a specific street over having a larger-than-average lot for the area. The recent sale in 2024 indicates a modern, market-tested transaction, providing clarity for new buyers.
Frequently Asked Questions
1. How does this home really compare to others nearby?
While its size is below the River East neighborhood average, it is actually larger than most homes on its own street. Its assessed value is also notably lower than the neighborhood average, which may indicate either a valuation opportunity or differences in finishes or updates.
2. What does the "newest build on the street" ranking mean?
All homes on Tranquility Cove were built around 1972. This ranking means this specific home was likely built slightly later in that year than its immediate neighbors, a minor but positive data point regarding its relative age.
3. Is the lot size a drawback?
The lot is smaller than the neighborhood average but is typical for Tranquility Cove. It offers a standard suburban yard for the street, which may appeal to those seeking lower maintenance without sacrificing outdoor space entirely.
4. Why is the neighborhood assessed value average so much higher?
River East encompasses a wide variety of homes. The higher neighborhood average includes many larger, newer, or more renovated properties. This home's value is more aligned with its specific pocket, offering an entry point into the area.
5. Where can I get the exact sold price from 2024?
The provided sold price range is based on public data. Due to industry regulations, exact sale figures are not published online here. You can request the precise sold price history via email from the site, which they will provide manually without using your email for marketing.
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