78.4
Good
Property score
78.4
Good
Overall 78.4
Larger but older than most nearby homes
1,547 sqft (top 19%)
Built in 1987 (6 yrs older than avg)
Located in a high-income area
with median household income of ~107k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 2 schools, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 75%Tagalog · 5%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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78.4 is composed by the two sections below.
Property Score
Community Score
Riverbend
How to read: Share of sales in each ~$50k price band for “riverbend” (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: #46110758
$107K
Median household income
$104K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
12%
Single-person households
45%
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
31 Spruce Thicket Walk — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 157 m), 2 parks (nearest 331 m).
Riverbend · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
47%
Local garbage, recycling, and yard waste pickup schedule for 31 Spruce Thicket Walk.
Garbage
wednesday
Recycling
wednesday
Yard Waste
wednesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 4% | Top 18% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 31 Spruce Thicket Walk, Winnipeg
Section 1: Key Characteristics & Appeal
This 1987-built home in Riverbend stands out primarily for its generous lot size and above-average living space. With 1,547 sqft of living area, it offers more room than most comparable homes on its street and in the wider neighborhood. The most distinctive feature is the 7,508 sqft lot, which ranks in the top 6% on Spruce Thicket Walk, providing significant outdoor space that is increasingly rare.
Its appeal lies in offering a balanced, grounded proposition. The assessed value is steady and aligns closely with area averages, suggesting a fair market position without premium pricing. The home suits buyers looking for a established property with a large yard for gardening, recreation, or future expansion, within a mature street setting. It’s particularly well-suited for those who prioritize private outdoor space over a newer build date, and for value-conscious buyers who appreciate a home that performs solidly against key metrics without the volatility of a top-tier priced property.
A thoughtful perspective is that this home represents a "high-floor, low-ceiling" opportunity. Its rankings show consistent above-average performance in tangible assets (land and living area), while its age and value are average. This suggests a lower risk of overpaying for hype, with the benefits firmly rooted in usable space.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in June 2024 for an estimated $450k-$500k. The assessed value is $409k. This indicates it likely sold at a premium to its municipal assessment, which is common in active markets, but the exact price can be requested for precise analysis.
2. Is the home older than others in Riverbend?
Yes. Built in 1987, it is older than the neighborhood average (1993), placing it in the top 73% (meaning 73% of area homes are newer). However, it is actually newer than the Winnipeg city-wide average for comparable homes.
3. What does the lot size ranking practically mean?
Ranking in the top 6% on the street and top 10% in Riverbend for land area means this property has one of the larger lots in the immediate area. The lot is over 2,000 sqft larger than the street average, offering notable extra outdoor space.
4. Are the property taxes likely to be high?
Based on its assessed value of $409k, which is around the neighborhood and city average for comparable homes, the property taxes should be fairly typical for a home of this size and value in Winnipeg, not abnormally high or low.
5. How does the living area compare to nearby reference properties?
At 1,547 sqft, it offers substantially more living space than similar-valued homes on nearby streets like Donan Street (approx. 1,060 sqft), though less than some larger, higher-valued homes in the broader area. It provides a strong balance of space within its price segment.
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