70.4
Good
Property score
70.4
Good
Overall 70.4
Newer than most nearby homes
1,128 sqft (top 41%)
Built in 1986 (10 yrs newer than avg)
Located in a high-income area
with median household income of ~90k
Transit 88.0
2-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 1 healthcare facility, 1 shop, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 66%Punjabi · 16%
Past 10 years Valley Gardens sales snapshot (~80% of all data)
652
325k
$343/sqft
1976
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70.4 is composed by the two sections below.
Property Score
Community Score
Valley Gardens
How to read: Share of sales in each ~$50k price band for “valley gardens” (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: #46110783
$90K
Median household income
$92K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
27%
Single-person households
24%
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
156 Grassie Boulevard — 9 amenities found within 500 m, across 6 categories, including 2 dining (nearest 440 m), 1 healthcare (nearest 449 m), 1 shopping (nearest 290 m).
Valley Gardens · WPS public data · 2026
Annual incidents
28
2026
vs. city avg
-5%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 29% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 156 Grassie Boulevard, Valley Gardens, Winnipeg
Section 1: Overview & Appeal
This well-situated Valley Gardens home presents a compelling blend of space, location, and value. Built in 1986, it is notably newer than most homes in the wider neighborhood and city, suggesting potentially fewer concerns with aging infrastructure. With 1,128 sqft of living space, it offers a practical footprint that is very close to the neighborhood average, fitting comfortably within its community context.
The property’s primary appeal lies in its efficient use of a generous 6,687 sqft lot, which is larger than most lots in both the city and the immediate neighborhood. This provides valuable outdoor space and potential in a well-established area. From an investment perspective, the home’s assessed value of $365k sits above the neighborhood average, indicating strong perceived value for Valley Gardens, while being more accessible than the average home on its own street.
This home would suit first-time buyers or downsizers seeking a manageable, newer home in a mature neighborhood without a premium lot size. It’s also a practical choice for value-conscious buyers who prioritize a larger yard and a home that stands out positively within its local market context, rather than just on its specific street.
Section 2: Frequently Asked Questions
1. How does this home compare in size to its neighbors?
At 1,128 sqft, the living area is very close to the Valley Gardens neighborhood average (1,117 sqft) but slightly below the average for homes directly on Grassie Boulevard. It offers a comfortable, standard size for the area.
2. Is the assessed value high for the neighborhood?
Yes. The assessed value of $365k is above the Valley Gardens average ($325.5k), ranking in the top 27% for the neighborhood. This suggests the property is considered a higher-value home within this specific community.
3. What is the advantage of the lot size?
The 6,687 sqft lot is a key feature. It is larger than approximately 80% of comparable city lots and 89% of neighborhood lots, offering more private outdoor space than is typical, which is a significant asset in an established area.
4. How does the year built affect this property?
Built in 1986, this home is significantly newer than the average Winnipeg home (1966) and the average Valley Gardens home (1976). It ranks in the top 5% for age in the neighborhood, which can mean more modern construction standards and potentially lower immediate maintenance costs.
5. Why is the home’s value lower than the street average?
While the home’s value is strong for the broader neighborhood, it is below the average for Grassie Boulevard itself ($403.6k). This is likely due to a combination of its slightly smaller living area and the presence of larger or more highly assessed homes on the same street, making it a more accessible entry point to this particular block.
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