Property score
57.5
Fair
Overall 57.5 · 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 68.0 · 4-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
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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57.5 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
26 Tranquility Cove — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 483 m), 4 parks (nearest 46 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 7% | Top 28% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
26 Tranquility Cove is a well-situated home in Winnipeg's River East neighborhood, presenting a compelling case for a specific type of buyer. Built in 1972, the 832 sqft house sits on a 5,500 sqft lot and carries an assessed value of $346,000. Its recent sale in late 2024 fell within the $400,000–$450,000 range.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a relative standout on its own street, despite its smaller size. While its living area is below local and city averages, it ranks highly in other key metrics on Tranquility Cove: it has the newest construction on the street, an above-average assessed value, and a larger-than-average lot for the immediate area. This suggests a well-maintained or updated home that offers good value within its micro-market.
It would ideally suit first-time buyers, downsizers, or investors seeking a manageable, single-level home in an established neighborhood. The buyer is likely someone who prioritizes location and lot potential over sheer interior space, seeing value in a home that outperforms its direct neighbors. A thoughtful perspective is that this property represents an efficient entry into a stable area—you’re paying for land and condition rather than square footage, which can be a smarter long-term hold in a mature neighborhood.
1. Is the house too small?
At 832 sqft, the living space is notably below the neighborhood and city averages. It’s a compact layout best suited for individuals, couples, or small families who value efficient living and lower utility costs.
2. Why is the assessed value higher than the street average?
The assessed value of $346k ranks in the top 18% on Tranquility Cove. This typically indicates the property has features, updates, or a condition that the municipal assessor views as superior to many neighboring homes.
3. What does the sold price range tell us?
The home sold for between $400,000 and $450,000 in late 2024, a premium over its assessed value. This strong sale price confirms that market buyers saw value beyond the municipal assessment, likely due to updates, desirability of the lot, or interior finishes.
4. How does the lot size compare?
The 5,500 sqft lot is above average for the street but below the broader neighborhood average. It offers good outdoor space for the immediate area, providing room for gardening, recreation, or potential expansion, which is a key asset.
5. Is the age of the home a concern?
Built in 1972, it is the newest home on its street. While this is a positive, any home of this age will require due diligence regarding major systems like roof, windows, and plumbing, which may be original or nearing the end of their lifespan.
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