Property score
73.9
Good
Overall 73.9 · Compared with neighbourhood average
1,216 sqft (bottom 40%) · Built in 1973 (1 yr newer than avg)
Located in a high-income area with median household income of ~111k
Transit 68.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Near average
14% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 57%Chinese · 11%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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73.9 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” (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: #46110943
$111K
Median household income
$132K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
9%
Single-person households
27%
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
123 Ryerson Avenue — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 371 m), 1 parks (nearest 403 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 | Top 50% | Top 43% | Top 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 38% | Top 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1973 bi-level home at 123 Ryerson Avenue in Fort Richmond presents a solid, middle-of-the-road opportunity in the Winnipeg market. Its key appeal lies in its established neighbourhood and balanced metrics, offering a practical rather than flashy purchase. The home features 1,216 sqft of living space, an attached garage, and a renovated basement, sitting on a 6,815 sqft lot that is notably above average in size citywide. The assessed value is $420,000.
Key Characteristics & Ideal Buyer
The home’s characteristics are consistently average or better for its immediate area, but it stands out in two specific ways. First, its lot size is in the top 19% citywide, offering more outdoor space than many comparable properties—a valuable asset for gardening, play, or future expansion. Second, it is the newest build on its block (top 3% on Ryerson Avenue), which may suggest slightly updated infrastructure compared to direct neighbours.
Its appeal is grounded in stability and space. It suits first-time buyers or young families looking for a move-in-ready home in a mature neighbourhood without premium pricing. It would also fit a value-conscious buyer who prioritizes a larger yard over a larger house. The renovated basement adds functional living space, making it practical for those needing a home office, recreation room, or extra bedroom. It’s not a luxury property, but a comfortable and sensible one.
Frequently Asked Questions
1. How does this home’s value compare to recent sales in the area?
Based on available data, its last sale was in April 2021 in the $375k-$405k range. Its current $420k assessment is around average for Fort Richmond but ranks in the top 34% citywide, indicating it holds value well compared to the broader market.
2. What does the "newest on the block" ranking mean for me?
Being built in 1973 makes it the newest among the 40 homes on Ryerson Avenue. In a neighbourhood of similar-aged homes, this minor edge could mean less immediate need for major system updates (like roofing or windows) compared to older neighbours, assuming similar maintenance.
3. Is the lot size a significant advantage?
Yes, particularly if outdoor space is a priority. The lot is larger than 81% of comparable properties across Winnipeg. This provides more privacy, landscaping potential, and a sense of space than typically found in the city for homes in this price and style bracket.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or very high-end finishes may find this bi-level too traditional. It may also not suit those wanting a "turnkey" newer build, as a 50-year-old home will still require ongoing maintenance and may need cosmetic updates.
5. What are the immediate next steps if interested?
Review the exact sold price history by requesting it via email from the site to understand precise market trends. Then, compare this home to the listed "worth viewing" property at 79 Michigan Avenue, which is newer and larger but likely at a higher price point, to confirm value alignment.
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