31 Falcon Creek Bay

South Pointe West, Winnipeg

Property score

88.8

Excellent

Overall 88.8 · Older than most nearby homes

1,976 sqft (top 32%) · Built in 2017 (4 yrs older than avg)

Located in a high-income area with median household income of ~103k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 park nearby

Living Area

Near average

11% larger than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 40%Chinese · 21%

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

Sold Count

707

Median price

580.2k

$/sqft

$342/sqft

Avg build year

2021

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Property score

88.8 is composed by the two sections below.

Property Score

93.0Excellent
Living Area92
1,976 sqftExcellent
Year Built97
2017Excellent
Lot Size95
9,903 sqftExcellent
Neighbourhood Sales Activity83
Excellent

Community Score

82.5Excellent
Household Income86
Excellent
Education Level91
Excellent
Housing Stress42
Low
Core Housing Need88
Excellent
Employment Health83
Excellent

Neighbourhood Sales

South Pointe West

How to read: Share of sales in each ~$50k price band for “south pointe west” (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: #46111257

Community deep dive

$103K

Median household income

$120K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

13%

Single-person households

44%

Families with children

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

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

Rankings

Living Area

above average
1,976 sqft
0255075100
Same streetTop 34%Same areaTop 32%CitywideTop 11%
Same street · Falcon Creek Bay
#22 / 65
Top 34% · Avg 1,825 sqft
Same area · South Pointe West
#418 / 1,290
Top 32% · Avg 1,784 sqft
Citywide · Winnipeg
#22,188 / 194,458
Top 11% · Avg 1,342 sqft

Tax-Assessed Value

above average
539k
0255075100
Same streetTop 35%Same areaTop 37%CitywideTop 14%
Same street · Falcon Creek Bay
#23 / 65
Top 35% · Avg 522.6k
Same area · South Pointe West
#482 / 1,290
Top 37% · Avg 514.4k
Citywide · Winnipeg
#27,386 / 194,458
Top 14% · Avg 390.1k

Year Built

Elite
2017
0255075100
Same streetBottom 31%Same areaBottom 11%CitywideTop 5%

Lot Size

Elite
9,903 sqft
0255075100
Same streetTop 9%Same areaTop 4%CitywideTop 6%

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

31 Falcon Creek Bay — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 246 m).

Search radius
🌳Parks1

Sales History

31 Falcon Creek Bay: 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: 31 Falcon Creek Bay, Winnipeg

Property Overview

This two-storey home in South Pointe West, built in 2017, presents a compelling opportunity in a sought-after neighbourhood. Its primary appeal lies in a combination of modern construction, a generous and private lot, and strong standing within its community. The nearly 10,000 sqft lot is a significant feature, placing it in the top tier for land size on its street and within Winnipeg. This offers ample outdoor space and a sense of privacy that is less common in newer subdivisions. The home itself, with just under 2,000 sqft of living space, is modern and move-in ready, though the basement awaits a buyer's personal finishing touch.

The property is ideally suited for growing families or professionals seeking a established, low-maintenance home in a prime location without the premium of a brand-new build. It also appeals to buyers who value outdoor space for gardening, play, or future additions like a deck or patio. A thoughtful perspective is its "middle-ground" position: it's newer than many homes in the city, avoiding major immediate repairs, but has been lived-in long enough for any initial construction kinks to have been resolved. The strong rankings (top 10% or better in Winnipeg for lot size, age, and living area) suggest it is a competitively positioned asset in the broader market, not just the immediate area.


Frequently Asked Questions

Q: How does the unfinished basement impact the value and appeal?
A: It presents a dual opportunity. For some, it's a blank canvas to create exactly the space they need (a theatre, gym, or extra bedroom). For others, it means the home is priced without that finished square footage, which can be an advantage if you don't need the space immediately or prefer to customize it later.

Q: The assessed value is listed at $53.90k. Is that the market value or sale price?
A: No, that is the municipal property assessment for taxation purposes, not the market value or listing price. Market value is determined by current sale prices of comparable homes. The provided list of nearby properties with similar assessed values is useful for tax comparison, not for direct sales price comparison.

Q: The home ranks in the top 31% by age on its street. What does that indicate?
A: This means that on Falcon Creek Bay, roughly two-thirds of the homes are newer than this 2017 build. It suggests the street is in a very new, possibly still-developing area, and this home is among the earlier builds on the block.

Q: What is the significance of the lot size ranking so highly?
A: A lot size in the top 9% on the street and top 4% in the neighbourhood is a major asset. It implies more yard space, greater distance from neighbours, and potentially better future resale value as larger lots become scarcer in new developments.

Q: The comparable properties listed have a wide range of sizes and values. Which are the most relevant?
A: The most relevant comparisons are the other homes specifically in South Pointe West, especially those on Eaglewood Drive, Kilroy Street, and Berry Hill Road. These give a clearer picture of the local market. Properties in Bridgwater Trails, while nearby, represent a different community and may have different value drivers.