Property score
85.2
Excellent
Overall 85.2 · Larger than most nearby homes
4,004 sqft (top 9%) · Built in 2004 (8 yrs newer than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 46.0 · 28-min walk to transit with 2 nearby routes
Living Area
Above average
67% larger than neighborhood avg.
Year Built
Near average
8 yrs newer than neighborhood avg.
Mother tongue
English · 62%Chinese · 9%
Past 10 years Wilkes South sales snapshot (~80% of all data)
58
1.6M
$506/sqft
1996
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
85.2 is composed by the two sections below.
Property Score
Community Score
Wilkes South
How to read: Share of sales in each ~$50k price band for “wilkes south” (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: #46111225
$75K
Median household income
$87K
Average household income
18%
Low income (LIM-AT)
0.4
Income inequality (Gini)
5.8
P90 / P10 ratio
47%
Single-person households
11%
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
Wilkes South · WPS public data · 2025
Annual incidents
28
2025
vs. city avg
-5%
relative to avg
Year-over-year
▲ +12%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 7% | Top 13% | Top 1% |
Request exact sold prices and history by email
Address · Distance
This is a large, well-established property in Winnipeg’s Wilkes South neighborhood, built in 2004 with 4,004 square feet of living space on a 223,931-square-foot lot. The home ranks in the top 1% citywide for both living area and land size, and its assessed value of $1.68 million places it in the top 1% of all comparable homes in Winnipeg. Within its own neighborhood, it sits in the top 9% for value and the top 7% for lot size.
The appeal here is space—both inside and out—on a scale that is rare within city limits. The land alone is more than 30 times the citywide average for comparable homes (6,570 sqft), which suggests room for privacy, outdoor amenities, or future development potential depending on zoning. The home itself is newer than most properties in the area (2004 vs. a neighborhood average of 1996), meaning major systems are likely in better condition than many neighboring homes.
This property would suit buyers who want a large suburban-style lot without leaving the city, such as families needing indoor and outdoor room, equestrian or hobby-farm owners, or someone looking for a compound-like setting. It may also appeal to buyers who prioritize long-term land value over immediate cosmetic updates. The home’s age (nearly 20 years old) and high assessed value mean it’s not a fixer or a starter home—it’s for someone ready to invest in a premium, low-turnover asset.
1. How does the assessed value compare to other homes in the area, and does that reflect market price?
The assessed value of $1.68 million is in the top 1% citywide and top 9% in Wilkes South. Assessment values are used for property tax calculations and may differ from market price, especially if the home has had recent upgrades or if the local market has shifted. It’s a strong indicator of relative value, but not a direct listing price.
2. What makes the lot size so unusual for Winnipeg?
At nearly 5 acres (223,931 sqft), the lot is in the top 1% citywide. Most comparable city lots average around 6,570 sqft. That puts this property in a different category—closer to a rural estate than a standard suburban lot. Zoning and permitted uses should be verified with the city, as large lots can come with restrictions or opportunities that smaller ones don’t.
3. Is the home likely to need major renovations soon?
Built in 2004, the home is about 20 years old. Systems like the roof, furnace, and air conditioning often require attention around the 20–25 year mark, depending on maintenance. The home ranks in the top 48% for age on its street and top 15% citywide, so it’s newer than average, but not brand new. A home inspection is recommended to assess current condition.
4. Who typically buys a property like this?
Buyers tend to be established homeowners—often families, professionals, or investors—who value land size and privacy more than walkability or proximity to downtown. Because the property is priced well above the neighborhood average, it may also appeal to out-of-area buyers looking for a large city lot that feels secluded but still has city services.
5. How does this property compare to others currently on the market in Wilkes South?
Based on the rankings, this home is larger than most in the area and sits on significantly more land. Few homes in Wilkes South offer this combination of living space and lot size. That could mean less direct competition when selling, but also a smaller pool of interested buyers. A local real estate agent can provide current listing comparisons.
