22 Reynolds Bay

Westwood, Winnipeg

Property score

68.3

Good

Overall 68.3 · Compared with neighbourhood average

1,193 sqft (bottom 37%) · Built in 1965 (1 yr older than avg)

Located in a high-income area with median household income of ~115k

Transit 62.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 3 parks, and 1 place of worship nearby

Living Area

Below average

13% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 85%Punjabi · 2%

Past 10 years Westwood sales snapshot (~80% of all data)

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

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Property score

68.3 is composed by the two sections below.

Property Score

57.1Fair
Living Area1,193 sqft60Fair
Year Built196546Low
Lot Size5,332 sqft67Good
Neighbourhood Sales Activity37Low

Community Score

85.2Excellent
Household Income90Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

Westwood

How to read: Share of sales in each ~$50k price band for “westwood” (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: #46110318

Community deep dive

$115K

Median household income

$128K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

16%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)412
Labour force participation rate67%
Median age44.4
Avg household size2.7
Unemployment rate4%
Population density1420 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households16%
Couple families with children33%
Median household income (2020)$115K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)21%
Visible minority15%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 85%
Mother tongue (2nd)Punjabi · 2%

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

Rankings

Living Area

above average
1,193 sqft
0255075100
Same streetTop 25%Same areaBottom 37%CitywideBottom 49%
Same street · Reynolds Bay
#3 / 12
Top 25% · Avg 1,154 sqft
Same area · Westwood
#1,585 / 2,523
Bottom 37% · Avg 1,372 sqft
Citywide · Winnipeg
#99,403 / 194,458
Bottom 49% · Avg 1,342 sqft

Tax-Assessed Value

around average
333k
0255075100
Same streetBottom 1%Same areaBottom 16%CitywideBottom 40%
Same street · Reynolds Bay
#12 / 12
Bottom 1% · Avg 356.4k
Same area · Westwood
#2,114 / 2,523
Bottom 16% · Avg 392.1k
Citywide · Winnipeg
#116,519 / 194,458
Bottom 40% · Avg 390.1k

Year Built

above average
1965
0255075100
Same streetTop 25%Same areaTop 43%CitywideBottom 47%

Lot Size

around average
5,332 sqft
0255075100
Same streetBottom 17%Same areaBottom 18%CitywideTop 47%

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

22 Reynolds Bay — 7 amenities found within 500 m, across 3 categories, including 3 education (nearest 368 m), 3 parks (nearest 53 m).

Search radius
🏫Education3
🌳Parks3
Worship1

Crime & Safety

Westwood · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

100%

Sales History

Sold 5/2019CA$250k–300k
Sold price

Same street

Bottom 1%

Same area

Bottom 5%

City-wide

Bottom 28%

Related homes

Highlights & common questions: 22 Reynolds Bay, Winnipeg

22 Reynolds Bay – Property Summary

Section 1: Key Characteristics and Buyer Profile

This 1,193 sqft home, built in 1965, sits on a 5,332 sqft lot in Winnipeg’s Westwood neighbourhood. Its main appeal is straightforward: the living space is generous for the street, ranking in the top 25% on Reynolds Bay, but the assessed value sits at the bottom—ranked 12th out of 12 nearby homes. That gap is significant. You’re getting more interior square footage than most neighbours, but the property is valued lower than any other home on the street.

The lot is on the smaller side for the area, both street- and neighbourhood-wide. The home’s age is fairly typical for Westwood, neither notably old nor new. Citywide, it lands around the middle across all metrics.

This property would suit a buyer focused on interior space over yard size, someone who sees value in a home that may be undervalued relative to its street. It could appeal to those comfortable with a fixer-upper or cosmetic update, since the low assessment suggests the house hasn't kept pace with neighbours in condition or upgrades. It’s less suited for someone wanting a large lot or a move-in-ready home at the top of its local market.


Section 2: Five Possible FAQs

1. Why is the assessed value so low compared to neighbouring homes?
The property ranks last on the street for assessed value, despite having above-average living space. This often points to differences in condition, age of major systems, or lack of recent renovations. It’s worth inspecting to see if the gap represents an opportunity or deferred maintenance.

2. Is the lot size a concern?
At 5,332 sqft, the lot is smaller than average for Westwood (6,491 sqft) and for the street (5,468 sqft). If you’re looking for a big yard or room for an addition, this may feel tight. But for lower-maintenance outdoor space, it could be a fit.

3. How does the living area compare to other homes in Winnipeg?
Citywide, this home’s 1,193 sqft is right around the median for comparable homes. It’s not unusually large or small by Winnipeg standards—just slightly above the street average and a bit below the neighbourhood average.

4. What does the “year built” ranking tell me?
The home was built in 1965, which ranks in the top 25% on the street (meaning several nearby homes are newer). At the neighbourhood and city level, it’s about average. You’re looking at a 60-year-old home, so expect typical systems and materials for that era.

5. How can I see how this property compares to specific nearby houses?
The listing includes a neighbourhood analysis map that lets you view nearby homes side-by-side, comparing year built, living area, assessed value, and lot size in detail. That’s the best way to understand what the rankings actually mean for this specific location.

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.