55 Grassy Lake Drive

South Pointe, Winnipeg

Property score

83.4

Excellent

Overall 83.4 · Compared with neighbourhood average

1,726 sqft (bottom 34%) · Built in 2011 (2 yrs older than avg)

Located in a high-income area with median household income of ~107k

Transit 74.0 · 4-min walk to transit with 2 nearby routes

Living Area

Below average

10% smaller than neighborhood avg.

Year Built

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 38%Chinese · 16%

Past 10 years South Pointe sales snapshot (~80% of all data)

Sold Count

668

Median price

622.3k

$/sqft

$304/sqft

Avg build year

2013

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Property score

83.4 is composed by the two sections below.

Property Score

83.5Excellent
Living Area1,726 sqft86Excellent
Year Built201194Excellent
Lot Size4,959 sqft60Fair
Neighbourhood Sales Activity82Excellent

Community Score

83.3Excellent
Household Income87Excellent
Education Level91Excellent
Housing Stress52Fair
Core Housing Need88Excellent
Employment Health76Good

Neighbourhood Sales

South Pointe

How to read: Share of sales in each ~$50k price band for “south pointe” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111256

Community deep dive

$107K

Median household income

$127K

Average household income

15%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.7

P90 / P10 ratio

9%

Single-person households

47%

Families with children

Population, labour & age

Population (2021)7,336
Labour force participation rate72%
Median age29.6
Avg household size3.5
Unemployment rate8%
Population density1824 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households9%
Couple families with children47%
Median household income (2020)$107K

Housing

Renter households30%
Condominium dwellings25%
Median dwelling value (owners)$520K

Diversity, education & language

Immigrants (share of pop.)49%
Visible minority77%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 38%
Mother tongue (2nd)Chinese · 15%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,726 sqft
0255075100
Same streetTop 46%Same areaBottom 34%CitywideTop 20%
Same street · Grassy Lake Drive
#23 / 50
Top 46% · Avg 1,740 sqft
Same area · South Pointe
#922 / 1,398
Bottom 34% · Avg 1,922 sqft
Citywide · Winnipeg
#38,731 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
556k
0255075100
Same streetTop 48%Same areaBottom 31%CitywideTop 12%
Same street · Grassy Lake Drive
#24 / 50
Top 48% · Avg 553k
Same area · South Pointe
#958 / 1,398
Bottom 31% · Avg 627.9k
Citywide · Winnipeg
#23,272 / 194,458
Top 12% · Avg 390.1k

Year Built

above average
2011
0255075100
Same streetTop 40%Same areaBottom 41%CitywideTop 10%

Lot Size

around average
4,959 sqft
0255075100
Same streetBottom 48%Same areaBottom 11%CitywideBottom 43%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

Search radius
No data within 500 m.

Crime & Safety

South Pointe · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

62%

Sales History

55 Grassy Lake Drive: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 55 Grassy Lake Drive, Winnipeg

Property Overview & Key Characteristics

This 2011-built home in South Pointe offers a practical, move-in-ready package. Its key appeal lies in its balance of established community living and modern convenience. The home features a renovated basement and an attached garage, sitting on a nearly 5,000 sqft lot. With 1,726 sqft of living space, it provides ample room for a growing family or those seeking a comfortable single-level layout.

The property’s strength is its solid positioning within a desirable context. It ranks in the top half of its street for lot size and age, and it sits comfortably within the top third of newer homes across Winnipeg. This suggests a well-regarded location that has matured nicely. The assessed value is consistent with the area, indicating a fair market standing without premium pricing.

This home would suit first-time buyers or young families looking for a turnkey property in a stable neighbourhood. It also appeals to downsizers or practical buyers who value a renovated basement for extra living space and prefer a home that’s past its initial settling-in phase but is far from dated.


Frequently Asked Questions

1. How does this home compare to others on the street?
It holds a middle-ground position on Grassy Lake Drive. It’s newer than about 40% of the homes on the street and sits on a larger-than-average lot, ranking in the top 48% for land area.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or your agent to understand the quality and scope of the work.

3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value is for municipal tax purposes. Notably, several comparable nearby homes have similar assessed values but vary in size, age, and likely listing price, so a professional market evaluation is essential.

4. What is the neighbourhood feel of South Pointe?
As a community with homes dating back to 2009-2011, South Pointe is now well-established. Mature landscaping and settled infrastructure are likely perks, offering a more developed feel compared to brand-new subdivisions.

5. Are the property taxes available?
The tax amount is not listed here, but it can be calculated using the assessed value and the City of Winnipeg's current mill rate. Your real estate agent can help obtain an accurate estimate of annual property taxes.

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