Property score
57.6
Fair
Overall 57.6 · Smaller than most nearby homes
842 sqft (bottom 12%) · Built in 1974 (2 yrs older than avg)
Located in a above-average income area with median household income of ~85k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 3 parks nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 58%Punjabi · 21%
Past 10 years Valley Gardens sales snapshot (~80% of all data)
652
325k
$343/sqft
1976
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57.6 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: #46110886
$85K
Median household income
$97K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
19%
Single-person households
26%
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
203 Reay Crescent — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 380 m), 3 parks (nearest 146 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 | Top 36% | Top 40% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 203 Reay Crescent presents a practical opportunity in Winnipeg's Valley Gardens neighborhood. Its key appeal lies in being a competitively priced, established property on a good-sized lot, but with a living space more compact than the local average.
Key Characteristics & Buyer Profile
The 842 sqft bungalow, built in 1974, is slightly newer than many on its street. It sits on a 5,002 sqft lot, which is very close to the neighborhood average, offering decent outdoor space. The city-assessed value of approximately $322k is consistently "around average" at every comparison level—street, neighborhood, and city—indicating a fair and stable valuation in line with the area.
The primary trade-off is living space: the home's square footage ranks in the bottom 10% on its own street and bottom 12% in the wider neighborhood. This creates a specific dynamic: you're acquiring a solid lot in an established area, but the house itself is a more efficient footprint.
This property would suit first-time buyers or downsizers seeking an affordable entry into a mature neighborhood, prioritizing lot size and location over interior space. It's also a potential candidate for investors or handy buyers who see the value in the land and the possibility of a future expansion or renovation, given the home's newer-than-street-average age.
Frequently Asked Questions
Q: The home seems small compared to neighbors. Is it a full-sized house?
A: Yes, it's a detached, single-family home. The data shows its living area is genuinely more compact than most comparable homes on the street and in Valley Gardens, which is reflected in its accessible price point for the lot and location.
Q: What does the "around average" assessed value tell me?
A: It suggests the city's valuation is in line with the immediate area. This can provide confidence that the property is not over-assessed and that its pricing should be competitive within the neighborhood market.
Q: The home was built in 1974. Are there any positives to that?
A: While not new, it is actually two years newer than the average build year on Reay Crescent itself. Homes from this era often feature simpler, more modifiable layouts and have undergone several cycles of updates, potentially including major systems like wiring or windows.
Q: How should I interpret the lot size ranking?
A: The lot is just slightly below the street average but very close to the neighborhood average. In practical terms, it means your yard space is typical for Valley Gardens, not unusually small or large, which is a positive for maintenance and usability.
Q: Does ranking in the bottom percentile for size mean the house is problematic?
A: Not necessarily. It primarily defines the offering: this is a value-driven option where you are paying for location and land. It highlights the importance of viewing the layout to ensure it meets your spatial needs, as the square footage is its most significant compromise.
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