71.8
Good
Property score
71.8
Good
Overall 71.8
Compared with neighbourhood average
1,180 sqft (bottom 38%)
Built in 1983 (7 yrs older than avg)
Located in a high-income area
with median household income of ~90k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 1 healthcare facility, 3 parks, 1 sports facility, and 2 fuel stations nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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71.8 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park 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: #46111007
$90K
Median household income
$92K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
23%
Single-person households
27%
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
115 Pear Tree Bay — 7 amenities found within 500 m, across 4 categories, including 1 healthcare (nearest 462 m), 3 parks (nearest 410 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Local garbage, recycling, and yard waste pickup schedule for 115 Pear Tree Bay.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 7% | Top 33% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 115 Pear Tree Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1983-built home in River Park South presents a compelling mix of space, value, and established community living. Its primary appeal lies in its generous 7,935 sqft lot, which ranks in the top 8% for size both on its street and in the wider neighborhood, offering significant outdoor potential compared to most nearby properties. With 1,180 sqft of living area, the home itself is comfortably above the average for Pear Tree Bay, providing more interior space than many direct neighbors.
The property’s assessed value of $447k is notably above averages for both its street and the city, suggesting it is viewed as a premium offering within its immediate context. This is a home that balances a mature, established neighborhood feel with metrics that stand out locally, particularly for buyers prioritizing land size. It would suit a buyer looking for a solid, well-sized property in a mature Winnipeg suburb—someone who values a larger yard for family, gardening, or future projects, and appreciates a home that compares favorably in scale and value to its closest comparables.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $400k-$450k in August 2021. Its current assessed value ($447k) ranks in the top 12% on Pear Tree Bay, indicating it is positioned at the higher end of the street’s value range.
2. Is the lot size unusual for the area?
Yes. The lot is substantially larger than the street average (4,622 sqft) and the neighborhood average (5,447 sqft), placing it in the top 8% for River Park South. This is one of the property’s most distinctive features.
3. What does the "year built" ranking mean?
Built in 1983, it is older than about two-thirds of similar homes in Winnipeg overall. However, on its own street, it is actually newer than most, ranking in the top 6%. This indicates Pear Tree Bay is a street of primarily early-80s builds.
4. Are the sold prices shown here from the MLS?
No. The sold price data is from public online sources, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site.
5. The living area is above the street average but near the city average. What does that suggest?
This highlights the character of the immediate area. Homes on Pear Tree Bay tend to be more modest in size (avg. 1,071 sqft), so this property offers more interior space than its direct neighbors, while being typical of a wider Winnipeg home.
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