Property score
42.8
Below average
Overall 42.8 · Smaller than most nearby homes
685 sqft (bottom 15%) · Built in 1974 (6 yrs older than avg)
Located in a average-income area with median household income of ~48.4k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 17 dining spots, 2 healthcare facilitys, 6 shops, and 1 park nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 44%Chinese · 8%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
434
159.2k
$183/sqft
1980
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42.8 is composed by the two sections below.
Property Score
Community Score
Fort Richmond
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.
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: #46111138
$48K
Median household income
$61K
Average household income
34%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
40%
Single-person households
18%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
114-3000 Pembina Highway — 35 amenities found within 500 m, across 8 categories, including 17 dining (nearest 159 m), 2 healthcare (nearest 154 m), 6 shopping (nearest 191 m).
Fort Richmond · WPS public data · 2026
Annual incidents
38
2026
vs. city avg
+29%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
55%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 114-3000 Pembina Highway, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 685 sqft condo unit in a well-established 1974 building on Pembina Highway. Its defining characteristic is its exceptionally low cost of entry. The assessed value is in the bottom 2-4% of comparable properties across the neighbourhood and city, and it last sold for an estimated $9.5k–$12.5k in late 2021. This positions it as one of the most affordable homeownership opportunities in Winnipeg.
The appeal lies squarely in its function as a minimal equity foothold in the market. It suits a very specific buyer: someone seeking the lowest possible barrier to entry, such as a first-time buyer prioritizing mortgage-free living, an investor looking for an ultra-low-cost rental property, or someone wanting to build equity with minimal capital outlay. Its location on a major transit and commercial artery offers convenience, though likely with associated traffic noise. The unit’s size and age mean it is a practical, no-frills option rather than a luxury purchase. A thoughtful perspective is that this property represents a calculated trade-off—accepting a smaller, older unit on a busy road in exchange for financial flexibility and freedom from a large mortgage.
Section 2: Frequently Asked Questions (FAQs)
1. Why is the price so low?
The low price reflects the unit’s below-average size (685 sqft), its age (built in 1974), and its location directly on a busy highway. The assessed value and recent sale history consistently rank it in the bottom percentiles for the area.
2. What are the monthly condo fees, and what do they cover?
This information is not provided in the public data. A critical next step is to contact the property manager or review the condo documents to understand the monthly fees, what they include (e.g., heat, water, building insurance, reserve fund contributions), and the financial health of the condo corporation.
3. Is this a good investment property?
Given the very low purchase price, the potential for positive cash flow as a rental could be strong, depending on the monthly condo fees and market rent. However, investors must carefully research the condo corporation’s rules on rentals, the adequacy of the reserve fund, and any pending special assessments.
4. How does living directly on Pembina Highway impact daily life?
Expect significant traffic noise, especially during peak hours. The trade-off is unparalleled access to buses, major retailers, and services. It is ideal for those who value convenience and transit access over quiet and privacy.
5. The data shows "Sold Price" as a range. What was the exact final price?
The exact sold price is not publicly listed in the database. You can request this information directly via the "Get exact sold price history" feature on the listing page, which will be provided by email.
