Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Dalhousie Drive): Below Average. Ranked #55 out of 62 (Bottom 11%). The street average for comparable homes is 897 sqft.
Neighborhood Level (Fort Richmond): Below Average. Ranked #592 out of 653 (Bottom 9%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #24,621 out of 26,841 (Bottom 8%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Dalhousie Drive): Below Average. Ranked #55 out of 62 (Bottom 11%). The street average for comparable homes is 212.0k.
Neighborhood Level (Fort Richmond): Below Average. Ranked #482 out of 653 (Bottom 26%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #24,159 out of 26,841 (Bottom 10%). The citywide average for comparable homes is 276.9k.
Street Level (Dalhousie Drive): Around Average. Ranked #22 out of 62 (Top 35%). The street average for comparable homes is 1991.
Neighborhood Level (Fort Richmond): Above Average. Ranked #74 out of 653 (Top 11%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #14,556 out of 26,841 (Bottom 46%). The citywide average for comparable homes is 1990.
Fort Richmond market pulse
How to read: Share of sales in each ~$50k price band for “fort richmond” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
A quick signal for rental-market activity, potential tenant demand, and rental competition around this home.
View Winnipeg rental map →Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
1107-40 Dalhousie Drive — 27 amenities found within 500 m, across 6 categories, including 13 dining (nearest 226 m), 3 education (nearest 221 m), 5 healthcare (nearest 129 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 1107-40 Dalhousie Drive. No advertising. Data source details →
Related homes
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Similar assessed value
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Is this home right for you?
Property Overview: 1107-40 Dalhousie Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a compact, 648 sqft condo unit in a well-established 1986 building in Fort Richmond. Its primary appeal lies in its exceptional affordability, as reflected in its low assessed value and recent sale price. The data suggests it is one of the most accessible entry points into the Winnipeg market, particularly for this neighbourhood.
The unit ranks in the top 1% of its street and top 0% of both the neighbourhood and city for its low assessed value. This positions it uniquely for buyers with a strict budget or those seeking a minimal property tax burden. It suits a first-time buyer looking for a straightforward, no-frills foothold in the market, or potentially an investor seeking a low-cost rental unit. The building's age (40 years) means potential buyers should be prepared for condo fees that may cover significant upkeep.
A less obvious perspective is its potential as a strategic financial tool. The extremely low carrying cost (based on property tax) could free up capital for other investments or lifestyle choices. It’s not a property for those seeking space or modern amenities, but rather for those who prioritize financial efficiency and location over square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby houses?
This is a condo unit within a larger building, so the assessed value reflects only the individual unit and its share of common elements, not a standalone land parcel. This structure typically results in a significantly lower value than a detached home.
2. What does the sale history indicate about the property's value?
The unit sold for $14,500 in late 2023, which is consistent with its low assessed value. The prior sale in 2017 was for $150,000, indicating a major shift in valuation or possibly a different type of transaction (e.g., a foreclosure or asset transfer). Due diligence into the 2017 sale is advised.
3. Who would this property suit best?
It is best suited for a very budget-conscious first-time homebuyer, an investor looking for a low-cost entry into the rental market, or someone seeking to minimize their property tax and maintenance responsibilities.
4. What are the main trade-offs with a property at this price point?
The trade-off for the low cost is very limited living space (648 sqft), an older building that may require special assessments for major repairs, and no private garage or basement. Lifestyle and storage needs will be constrained.
5. How does its value rank compare to nearby properties?
While its value ranks in the bottom 2-4% of the area (meaning it's one of the least expensive properties), its building age ranks in the top 13-30%, meaning the structure itself is newer than many comparable low-cost options in the wider city.