54.5
Fair
Property score
54.5
Fair
Overall 54.5
Older than most nearby homes
1,080 sqft (top 50%)
Built in 1972 (4 yrs older than avg)
Located in a above-average income area
with median household income of ~69k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 1 healthcare facility, 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
3% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 65%Punjabi · 10%
Past 10 years Valley Gardens sales snapshot (~80% of all data)
652
325k
$343/sqft
1976
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
54.5 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: #46110787
$69K
Median household income
$79K
Average household income
21%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
25%
Single-person households
22%
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
50 Treger Bay — 4 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 312 m), 3 parks (nearest 70 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 15% | Bottom 33% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 50 Treger Bay, Valley Gardens, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1972, presents a compelling opportunity rooted in its immediate context. Its primary appeal lies in being a well-above-average home for its specific street. It ranks #3 for living area and #1 for year built among the 30 comparable homes on Treger Bay, offering more modern and spacious accommodation than most of its direct neighbors. The assessed value of $238k is also favorable on this street, positioned below the local average. This creates a smart value proposition: you're acquiring one of the larger, newer homes on the block without paying a premium for it.
The property suits practical, value-conscious buyers. It's ideal for first-time homeowners seeking a solid entry into a stable neighborhood, or for downsizers looking for a manageable single-level layout without sacrificing space. The lot, while smaller than the broader neighborhood average, is still generous for the street and offers good outdoor potential. A thoughtful perspective here is the "big fish in a small pond" advantage—the home stands out positively on its own street, which can contribute to pride of ownership and relative stability, even as it sits in a more modest position within the wider Valley Gardens and Winnipeg markets.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it is a strong value within its micro-location on Treger Bay. You get more living space and a newer build than most direct neighbors, yet the assessed value is below the street's average. Compared to the wider neighborhood and city, the price is notably lower, reflecting the home's more modest positioning in those broader contexts.
2. What does the assessed value tell me about property taxes?
The $238k assessed value is the figure used by the city to calculate your annual property taxes. It's beneficial that this value is below both the street and city averages, as this should translate to proportionally lower tax bills compared to many similar homes.
3. The lot seems smaller than others in Valley Gardens. Is that a concern?
At 3,573 sqft, the lot is above average for Treger Bay but below the neighborhood average. This means ample yard space for a home on this street, but potentially less than some larger properties elsewhere in Valley Gardens. It's a manageable size for easy maintenance while still allowing for a garden or patio.
4. How does the 1972 build year affect the home?
Being the newest build on the street (ranked #1 of 30) is a positive, potentially indicating updated infrastructure compared to immediate neighbors. However, as a home over 50 years old, a standard professional inspection is essential to understand the condition of major systems like roof, plumbing, and wiring, regardless of its relative age.
5. Why are the rankings so different between the street, neighborhood, and city?
This highlights the importance of location scope. The home is a top-tier property on its own street. When compared to the entire, diverse Valley Gardens neighborhood and Winnipeg city-wide—which include many larger, newer, or more premium areas—it naturally ranks as more average or modest. This profile is typical for a well-kept home in an established, non-luxury area.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
