Property score
78.7
Good
Overall 78.7 · Larger and newer than most nearby homes
1,608 sqft (top 26%) · Built in 1975 (3 yrs newer than avg)
Located in a high-income area with median household income of ~108k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 3 parks nearby
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ
Above average
13% larger than neighborhood avg.
ਤਰੀਕ ਤੋਂ ਬਣਿਆ
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 64%Chinese · 9%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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78.7 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” (ਡੀਟੈਚਡ ਘਰ (ਕੋਂਡੋ ਨਹੀਂ), 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: #46110967
$108K
Median household income
$99K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.0
P90 / P10 ratio
11%
Single-person households
34%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
ਜ਼ਮੀਨ: ਵੱਡਾ ਖੇਤਰ = ਬਿਹਤਰ ਰੈਂਕ
ਸਾਲ: ਨਵਾਂ = ਬਿਹਤਰ ਰੈਂਕ
ਰਹਿਣ ਖੇਤਰ: ਵੱਡਾ = ਬਿਹਤਰ ਰੈਂਕ
ਮੁਲਾਂਕਣ: ਉੱਚਾ ਮੁੱਲ = ਬਿਹਤਰ ਰੈਂਕ
ਬਾਰ: ਭਰਨ ਦੀ ਲੰਬਾਈ ≈ ਤੁਸੀਂ ਕਿੰਨੇ ਸਹਿਪਾਠੀਆਂ ਨੂੰ ਪਛਾੜਦੇ ਹੋ; ਧੁਰੀ ਉੱਤੇ ਲਾਲ → ਪੀਲਾ → ਨੀਲਾ ਗਰੇਡੀਐਂਟ (ਖੱਬੇ ਤੋਂ ਸੱਜੇ)। ਟੂਟੀ ਲੰਬਵਤ ਲਕੀਰ ≈ ਮੀਡੀਅਨ ਬੈਂਚਮਾਰਕ; ਚਿੱਟਾ ਟਿਕ (ਹਲਕੀ ਛਾਂ) = ਤੁਹਾਡੀ ਸਥਿਤੀ। ਬੈਜ ਰੰਗ / diamond ਤੇ flame ਆਈਕਨ ਅਜੇ ਵੀ ਟਾਇਰ ਦੇ ਅਨੁਸਾਰ।
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.
ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ
Dining, education, healthcare, shopping & more
116 Valence Avenue — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 424 m), 3 parks (nearest 283 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%
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਟਾਪ 50% | ਟਾਪ 37% | ਟਾਪ 33% |
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਹੇਠਲੇ 19% | ਹੇਠਲੇ 29% | ਟਾਪ 47% |
Request exact figures by email
Address · Year Built · Living Area
ਪਤਾ · ਦੂਰੀ
Property Overview: 116 Valence Avenue, Fort Richmond
Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a solid, above-average offering in several key metrics. Built in 1975, it is newer than most homes on its street and in the wider city. With 1,608 sqft of living space, it provides more room than many comparable properties locally. The lot size of 6,817 sqft is also generous, offering ample outdoor space. Key features include an attached garage and a renovated basement, adding functional living area. The home’s assessed value is positioned above average for the neighbourhood and city.
Its appeal lies in its balanced, well-rounded profile. It doesn’t necessarily lead in any single category but consistently performs better than average across living space, lot size, and property age for its immediate area. This suggests a property that has been maintained and offers good relative value. It would suit practical buyers—growing families or professionals—looking for a established home in a mature neighbourhood without needing to undertake major renovations, thanks to the updated basement. It’s a home for those who prioritize space and a sense of stability over brand-new construction.
Frequently Asked Questions
1. How has the property’s value changed over time?
Based on available sales data, the home sold in the $325k-$355k range in April 2019 and in the $385k-$415k range in June 2021. This indicates notable appreciation over that two-year period.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal, rentable suite. This is a crucial point to verify with the seller and the city for potential rental income or mortgage helper scenarios.
3. How does this home truly compare to others on the street?
The data shows it ranks 8th of 43 for living area and 4th of 43 for year built on Valence Avenue, meaning it is among the larger and newer homes on its own block, which is a significant local advantage.
4. What are the typical property taxes?
With an assessed value of $454,000, property taxes can be estimated. A buyer should use the City of Winnipeg’s mill rate to calculate an approximate annual tax amount.
5. You mention “exact sold price history” is available by email. Why isn’t it public?
Sold price data is not always publicly posted in Manitoba. The service offered here manually provides this specific information upon request to give buyers a more accurate picture of past market activity for this specific address.
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