40 Carlyle Bay

Westwood, Winnipeg

Property score

81.3

Excellent

Overall 81.3 · Larger than most nearby homes

1,752 sqft (top 12%) · Built in 1964 (2 yrs older than avg)

Located in a high-income area with median household income of ~108k

Transit 50.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby

Living Area

Above average

28% larger than neighborhood avg.

Year Built

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 86%French · 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

81.3 is composed by the two sections below.

Property Score

76.6Good
Living Area1,752 sqft86Excellent
Year Built196446Low
Lot Size8,991 sqft93Excellent
Neighbourhood Sales Activity37Low

Community Score

88.3Excellent
Household Income88Excellent
Education Level91Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health68Good

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: #46110327

Community deep dive

$108K

Median household income

$157K

Average household income

5%

Low income (LIM-AT)

0.4

Income inequality (Gini)

3.9

P90 / P10 ratio

24%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)628
Labour force participation rate62%
Median age48.4
Avg household size2.5
Unemployment rate3%
Population density527 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households24%
Couple families with children30%
Median household income (2020)$108K

Housing

Renter households0%
Condominium dwellings5%
Median dwelling value (owners)$472K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority7%
Bachelor's or higher (25–64)50%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 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
1,752 sqft
0255075100
Same streetTop 37%Same areaTop 12%CitywideTop 19%
Same street · Carlyle Bay
#13 / 35
Top 37% · Avg 1,676 sqft
Same area · Westwood
#301 / 2,523
Top 12% · Avg 1,372 sqft
Citywide · Winnipeg
#36,832 / 194,458
Top 19% · Avg 1,342 sqft

Tax-Assessed Value

Elite
567k
0255075100
Same streetTop 6%Same areaTop 4%CitywideTop 11%
Same street · Carlyle Bay
#2 / 35
Top 6% · Avg 462.6k
Same area · Westwood
#101 / 2,523
Top 4% · Avg 392.1k
Citywide · Winnipeg
#20,879 / 194,458
Top 11% · Avg 390.1k

Year Built

around average
1964
0255075100
Same streetTop 37%Same areaBottom 42%CitywideBottom 46%

Lot Size

above average
8,991 sqft
0255075100
Same streetBottom 40%Same areaTop 7%CitywideTop 8%

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

40 Carlyle Bay — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 346 m).

Search radius
🌳Parks2
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 7/2024CA$550k–600k
Sold price

Same street

Top 9%

Same area

Top 4%

City-wide

Top 9%

Related homes

Highlights & common questions: 40 Carlyle Bay, Winnipeg

Key Characteristics & Potential Appeal

This is a 1,752 sqft home on a generous 8,991 sqft lot, built in 1964. Its standout feature is strong relative value across different scales of comparison. On its own street, the home’s size is close to average, but within the broader Westwood neighbourhood and across Winnipeg, both the living space and the land are significantly above typical measurements. The property’s assessed value places it in the top 6% of its street and top 4% of the neighbourhood, reflecting an above-average investment level within this pocket of the city.

The appeal here is a subtle one. The home isn’t the standout on its immediate block, which often means the street has a consistent, settled character. Instead, the advantage is comparative: a buyer gets more interior space and a larger lot than most homes in the surrounding area and city at large, without paying a premium that pushes it to the very top of the local market. It would likely suit someone who values functional space—both indoors and outdoors—and is looking for a solid, established property in a specific neighbourhood, rather than a status property within a single street. The 1964 build year is right in line with the neighbourhood average, suggesting a consistent architectural character and established landscaping nearby.

Five Possible FAQs

1. How does this home compare to others on the same street?
On Carlyle Bay, the home’s living area is essentially average. Its real advantage is its assessed value, which is the second highest on the street (top 6%). This suggests it may have features or a condition that sets it apart from immediate neighbours, even if the square footage doesn’t.

2. Is the lot size unusually large for the area?
Within the Westwood neighbourhood, yes. The lot is in the top 7% of the area, and well above the citywide average. However, it is slightly below the average lot size on its own street (8,991 sqft vs. 9,472 sqft), so larger lots are common on Carlyle Bay.

3. What does the "assessed value" ranking tell me?
The assessed value is significantly above both the neighbourhood and city averages. This indicates the home is in a higher price tier for its location, which often correlates with a more finished interior, recent updates, or a premium lot position. It also gives a baseline for property tax calculations.

4. Is a 1964 home considered old for this market?
The build year is very typical for both the street and the broader Westwood area. It isn’t a particularly old or new home by local standards. Buyers should expect a design and layout common to the mid-1960s, which often includes solid construction but may need thoughtful updates to modern finishes or systems.

5. Should I be concerned that the home ranks lower for land size on its own street?
Not necessarily. The average lot on Carlyle Bay is notably large (9,472 sqft), so the home still sits on a generous piece of land. The ranking of 21st out of 35 simply means most neighbours have slightly larger yards, which can be a positive for privacy or future subdivision potential, but it doesn’t diminish the fact that this lot is still in the top 8% citywide.

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