Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Summerside Avenue): Below Average. Ranked #51 out of 62 (Bottom 18%). The street average for comparable homes is 857 sqft.
Neighborhood Level (Fort Richmond): Below Average. Ranked #517 out of 653 (Bottom 21%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #23,175 out of 26,841 (Bottom 14%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Summerside Avenue): Below Average. Ranked #56 out of 62 (Bottom 10%). The street average for comparable homes is 197.9k.
Neighborhood Level (Fort Richmond): Below Average. Ranked #647 out of 653 (Bottom 1%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,735 out of 26,841 (Bottom 4%). The citywide average for comparable homes is 276.9k.
Street Level (Summerside Avenue): Below Average. Ranked #39 out of 62 (Bottom 37%). The street average for comparable homes is 1979.
Neighborhood Level (Fort Richmond): Around Average. Ranked #160 out of 653 (Top 25%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #17,789 out of 26,841 (Bottom 34%). 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
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
12A-932 Summerside Avenue — 44 amenities found within 500 m, across 8 categories, including 24 dining (nearest 175 m), 3 education (nearest 83 m), 4 healthcare (nearest 176 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 12A-932 Summerside Avenue. 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: 12A-932 Summerside Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 700 sqft condo unit in a low-rise building on Summerside Avenue in Fort Richmond, built in 1978. Its key characteristic is its notably low financial footprint. With an assessed value of $12,600 and a recent sold price in the $9,500–$12,500 range, it stands well below average for both the street and the wider city. This presents a rare entry point into the Winnipeg market, particularly for the Fort Richmond area near the University of Manitoba.
The appeal lies in pure affordability and utility. It suits buyers for whom minimizing monthly carrying costs is the absolute priority—such as first-time investors seeking a cash-flow positive rental, a pragmatic first-time homebuyer with a tight budget, or someone looking to downsize and free up capital. While the living space is compact and the building is older, it represents a functional, no-frills solution. A less obvious perspective is its potential appeal to an executor or trustee needing a straightforward, low-value asset to manage, or to a buyer who values proximity to the university and South Perimeter but intends to build equity elsewhere.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other units on the street?
The assessed value is based on factors like unit size, building age, and recent sales. At 700 sqft, this unit is significantly smaller than the area average, which directly impacts its valuation.
2. What does the "Top 85%" ranking for assessed value mean?
This metric indicates that this unit's assessed value is higher than only about 15% of comparable properties on its street, meaning 85% are valued higher. It clearly signals this is one of the most affordable options in the immediate area.
3. Is this a good option for a rental property investment?
Given the very low purchase price and assessed value, the barrier to entry is minimal. This could make it easier to achieve positive cash flow, but potential investors must carefully factor in condo fees, the age of the building, and research any rental restrictions.
4. How does the building's age (1978) affect the unit?
Built 48 years ago, major building components like roofing, windows, and plumbing may be nearing or past their typical lifespan. Prospective buyers should review the condo corporation's reserve fund study and minutes to understand the financial plan for upcoming repairs or special assessments.
5. You mention exact sold prices are available by email. Why isn't it just listed?
Sold price data can be inconsistently reported in public records. The service provides manually verified sale figures to ensure accuracy, as the publicly available data may only show a range.