Property score
87.7
Excellent
Overall 87.7 · Larger but older than most nearby homes
2,142 sqft (top 18%) · Built in 2016 (5 yrs older than avg)
Located in a high-income area with median household income of ~103k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 park nearby
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 40%Chinese · 21%
Past 10 years South Pointe West sales snapshot (~80% of all data)
707
580.2k
$342/sqft
2021
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87.7 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111257
$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
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
54 Red Wing Cove — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 308 m).
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 13% | Bottom 13% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 54 Red Wing Cove
Key Characteristics & Appeal
This two-storey home in South Pointe West is a modern, low-maintenance property built in 2016. Its key appeal lies in a balance of space, contemporary age, and a renovated basement. With 2,142 sqft of living area on a large 5,721 sqft lot, it offers room to grow without excessive upkeep. The home ranks highly for its newer build year within both the neighbourhood and Winnipeg, suggesting less immediate concern for major repairs or updates.
The property suits buyers looking for a move-in-ready home in a newer community who value space and modern construction. It’s particularly well-matched for growing families or professionals seeking a established yet contemporary neighbourhood. A thoughtful perspective is its strong ranking for lot size on its street—offering more outdoor space than many direct neighbours, which is a premium in newer subdivisions. While the assessed value sits above most nearby comparisons, this aligns with its larger size and recent renovations, positioning it as a premium option within the immediate area.
Frequently Asked Questions
1. How does the property’s value compare to recent sales in the area?
The home last sold in early 2017. Current assessed value is notably higher than most directly listed comparable properties in South Pointe West, reflecting its larger size, renovated basement, and desirable lot.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, layout, and permitted status.
3. Is the property in a flood zone or have any known development plans nearby?
This information is not provided in the basic details. Due diligence with the city and a review of local area plans would be necessary for confirmation.
4. How does the school catchment area rate for this address?
School catchment and ratings are not included in this data. Prospective buyers should verify the designated schools and their current rankings through the local school division.
5. Why is the assessed value higher than many newer homes in the comparison list?
The home’s larger living area, substantial lot size, and the renovated basement likely contribute to its higher assessment compared to some newer but smaller or unrenovated properties nearby.
