Property score
78.5
Good
Overall 78.5 · Newer than most nearby homes
1,292 sqft (bottom 48%) · Built in 2007 (17 yrs newer than avg)
Located in a high-income area with median household income of ~131k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
17 yrs newer than neighborhood avg.
Mother tongue
English · 67%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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78.5 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: #46110501
$131K
Median household income
$142K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
49%
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
55 Higham Bay — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 450 m), 2 parks (nearest 332 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 | Top 27% | Top 11% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Higham Bay, Winnipeg
Key Characteristics & Appeal
This 2007-built home in River Park South presents a compelling mix of modern convenience and established neighbourhood living. At 1,292 sqft, its living space is modest compared to larger homes on its own street but aligns closely with the averages for both the neighbourhood and the wider city. Its standout characteristic is its age; it is one of the newest homes on Higham Bay, offering the benefits of more contemporary construction standards and likely requiring less immediate major maintenance than older stock.
The appeal lies in its balance. The assessed value of $469k is above the Winnipeg average, suggesting a solid perceived worth in the broader market, yet it sits below the average for its immediate street. This creates a potential opportunity for a buyer to enter a desirable street where surrounding properties hold higher value. The lot size of 4,827 sqft is typical for the area, offering adequate outdoor space without the burden of extensive upkeep.
This property would suit first-time buyers or downsizers seeking a relatively modern, move-in-ready home in a mature southeast Winnipeg suburb. It’s also a practical choice for value-conscious buyers who prioritize a newer build in a good location over maximum square footage. A thoughtful perspective is that while the home is smaller than its neighbours, this can translate to lower utility costs and a more manageable layout for everyday living.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While its living area is below the average for Higham Bay specifically, it is very close to the average size for both the River Park South neighbourhood and the City of Winnipeg as a whole.
2. The assessed value seems high for the street. What does that indicate?
The assessment is above the city average but below the street average. This often reflects the home’s newer construction year (2007), which is a positive factor in valuation, while its smaller size likely keeps it valued lower than the largest homes on the block.
3. Is this a good value for the area?
Based on the provided data, the home sold within the $500k-$550k range in 2024, which placed it in the top 11% for sale prices in River Park South. This suggests the market confirmed it as a premium offering for the neighbourhood, likely due to its modern build year.
4. What are the benefits of a 2007-built home?
Homes from this era typically feature modern wiring, plumbing, insulation standards, and building materials, which can mean greater energy efficiency and fewer concerns about outdated systems compared to much older homes.
5. Where can I find the exact sold price?
The exact sale price is not publicly displayed due to data source restrictions. You can request the precise figure by emailing the site directly for a manual lookup, which they provide without using your contact information for marketing.
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