46 Peace Road

Wilkes South, Winnipeg

Property score

92.4

Excellent

Overall 92.4 · Newer than most nearby homes

2,434 sqft (top 36%) · Built in 2018 (22 yrs newer than avg)

Located in a high-income area with median household income of ~159k

Transit 0.0

Living Area

Near average

1% larger than neighborhood avg.

Year Built

Above average

22 yrs newer than neighborhood avg.

Mother tongue

English · 81%Chinese · 1%

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

Sold Count

58

Median price

1.6M

$/sqft

$506/sqft

Avg build year

1996

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Property score

92.4 is composed by the two sections below.

Property Score

92.9Excellent
Living Area96
2,434 sqftExcellent
Year Built97
2018Excellent
Lot Size100
108,907 sqftExcellent
Neighbourhood Sales Activity18
Low

Community Score

91.7Excellent
Household Income94
Excellent
Education Level82
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health90
Excellent

Neighbourhood Sales

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.

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: #46111062

Community deep dive

$159K

Median household income

$456K

Average household income

5%

Low income (LIM-AT)

0.5

Income inequality (Gini)

4.0

P90 / P10 ratio

10%

Single-person households

47%

Families with children

Population, labour & age

Population (2021)724
Labour force participation rate73%
Median age42.0
Avg household size3.1
Unemployment rate2%
Population density27 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households10%
Couple families with children47%
Median household income (2020)$159K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$800K

Diversity, education & language

Immigrants (share of pop.)8%
Visible minority10%
Bachelor's or higher (25–64)46%
Mother tongue (1st)English · 80%
Mother tongue (2nd)Chinese · 0%

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

Rankings

Living Area

Elite
2,434 sqft
0255075100
Same streetTop 25%Same areaTop 36%CitywideTop 3%
Same street · Peace Road
#1 / 4
Top 25% · Avg 1,941 sqft
Same area · Wilkes South
#88 / 246
Top 36% · Avg 2,399 sqft
Citywide · Winnipeg
#6,707 / 194,458
Top 3% · Avg 1,342 sqft

Tax-Assessed Value

Elite
1.02M
0255075100
Same streetTop 50%Same areaTop 28%CitywideTop 1%
Same street · Peace Road
#2 / 4
Top 50% · Avg 771k
Same area · Wilkes South
#68 / 246
Top 28% · Avg 968.9k
Citywide · Winnipeg
#1,903 / 194,458
Top 1% · Avg 390.1k

Year Built

Elite
2018
0255075100
Same streetTop 25%Same areaTop 6%CitywideTop 4%

Lot Size

Elite
108,907 sqft
0255075100
Same streetTop 50%Same areaTop 48%CitywideTop 1%

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

Search radius
No data within 500 m.

Crime & Safety

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%

Sales History

46 Peace Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 46 Peace Road, Winnipeg

Property Summary: 46 Peace Road, Winnipeg

Key Characteristics & Appeal

This is a modern, single-story home built in 2018, offering a turnkey living experience with the benefits of a newer build. Its primary appeal lies in its exceptional combination of space, land, and contemporary construction. The home itself is generous at over 2,400 sqft, ranking within the top 3% of Winnipeg for size, and sits on a remarkably large, 2.5-acre lot (108,907 sqft), which places it in the top tier for land holdings in the city. This creates a rare offering of substantial indoor and outdoor space within Winnipeg.

The property’s strength is its balanced performance across key metrics. It ranks highly within its community for being newer, larger, and of higher assessed value than most comparable homes. It would perfectly suit buyers looking for a spacious, low-maintenance home without renovations, who value privacy and extensive yard space for hobbies, gardening, or future expansion. A thoughtful perspective is that while the basement is unfinished, it presents a significant opportunity for customization in an already premium home, allowing new owners to tailor additional living space to their exact needs without inheriting someone else’s design choices.


Frequently Asked Questions

1. What does the ranking data (e.g., "top 3% in Winnipeg") actually mean?
This data compares the home's specific attributes (like size, lot area, or age) against all other homes in Winnipeg. Being in the top 3% for living area means it is larger than 97% of homes in the city, highlighting its standout characteristics.

2. Is the large lot size a benefit for an average buyer?
Beyond privacy, a lot of this scale (over 2.5 acres) offers uncommon potential. It could accommodate extensive landscaping, recreational spaces like sports courts or extensive gardens, or even future outbuildings (subject to bylaws), which are rare options within the city.

3. The home is newer (2018). What are the practical advantages?
A home of this age typically means modern building codes, newer major systems (like HVAC, plumbing, and electrical), and contemporary energy efficiency. This can translate to lower immediate maintenance costs and predictable utility expenses.

4. The basement is unfinished. Is that a drawback?
This is often seen as a positive blank canvas. It allows the new owner to finish the space to their specific taste and needs—whether as a rec room, home gym, or additional bedrooms—without paying a premium for a pre-completed design they may want to change.

5. How does the assessed value relate to the likely selling price?
The municipal assessment ($1,018,000) is for tax purposes and is typically based on mass appraisal models from a prior date. It is a useful benchmark indicating the home is valued in a top tier, but the market sale price is determined by current buyer demand, condition, and comparable recent sales.