Property score
63.5
Fair
Overall 63.5 · Smaller than most nearby homes
1,063 sqft (bottom 26%) · Built in 1983 (7 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 park, 1 sports facility, and 2 fuel stations nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 7%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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63.5 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: #46111008
$80K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
32%
Single-person households
20%
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
2 Pear Tree Bay — 5 amenities found within 500 m, across 4 categories, including 1 healthcare (nearest 389 m), 1 parks (nearest 415 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Bottom 24% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Pear Tree Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 2 Pear Tree Bay is a practical, early-1980s bungalow offering a balanced entry point into Winnipeg’s River Park South neighborhood. With 1,063 sqft of living space and an assessed value of $362k, it sits comfortably around average for its street and the wider city, but notably below the neighborhood average, suggesting a relative value opportunity within this specific area.
The appeal lies in its established location on a mature street and its efficient, manageable scale. It’s one of the older homes on Pear Tree Bay, which can imply a well-settled streetscape. The lot, at 3,579 sqft, is smaller than most in the area, which translates to less yard maintenance—a perk for some. Recent sale data indicates it sold between $300k-$350k in late 2022, positioning it as an accessible option.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home in a family-oriented suburb without a premium price tag. It’s for those who prioritize location and practicality over size or a brand-new build.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed values, this home is priced below the River Park South average, potentially offering a more affordable entry into the neighborhood compared to larger or more recently built homes nearby.
2. How does the lot size impact the property?
The lot is smaller than most in the area (ranking in the bottom 20% for the neighborhood). This means less outdoor space for gardening or play, but also reduced upkeep and potentially lower property taxes tied to land value.
3. The home is older than many on the street. Should I be concerned?
Built in 1983, it’s actually one of the newer homes on this specific block of Pear Tree Bay. This suggests consistent construction era for the immediate area, but a thorough inspection is always recommended to understand the condition of major 40-year-old systems like the roof, windows, and furnace.
4. What can the 2022 sale price tell me?
The home sold for an estimated $300k-$350k in September 2022. This provides a recent market benchmark, but values have likely shifted since. Requesting exact sold price figures from the site can give a more precise starting point for understanding its appreciation.
5. Who are the typical neighbors?
The consistent year-built data and similar home sizes on Pear Tree Bay suggest a street of long-term residents in comparable homes, contributing to a stable, established community feel.
