Property score
43.4
Below average
Overall 43.4 · Smaller but newer than most nearby homes
672 sqft (bottom 10%) · Built in 1978 (2 yrs older than avg)
Located in a average-income area with median household income of ~55.2k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 24 dining spots, 3 schools, 4 healthcare facilitys, and 4 shops nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Above average
2 yrs older than neighborhood avg.
Mother tongue
English · 45%Chinese · 12%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
434
159.2k
$183/sqft
1980
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43.4 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: #46111019
$55K
Median household income
$60K
Average household income
37%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.7
P90 / P10 ratio
20%
Single-person households
26%
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
1A-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).
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 2% | Bottom 4% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1A-932 Summerside Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a compact, 672 sqft condo unit in a building constructed in 1978, located on Summerside Avenue in Fort Richmond. Its most defining characteristic is its exceptionally low financial barrier to entry. The assessed value is among the lowest in the city, ranking in the bottom 2-4% of comparable properties across the street, neighborhood, and Winnipeg overall. This pattern is consistent with its historical sale price. The living space is also notably smaller than average for a condo.
The primary appeal lies in pure affordability and utility. This property is not about luxury or space; it’s a functional entry point into homeownership. It would suit a very specific buyer: a first-time purchaser or an investor seeking a minimal-cost asset. For the buyer, the trade-off is clear—accepting a smaller, older unit in exchange for very low property taxes and a purchase price that demands a minimal down payment and mortgage. A less obvious perspective is its potential appeal to someone seeking to drastically reduce living expenses to free up income for other goals, or as a strategic, low-overhead holding in a well-established neighborhood near the University of Manitoba.
Frequently Asked Questions
1. Why is the assessed value so much lower than other properties?
The assessed value is based on factors like the unit's relatively small size (672 sqft), the age of the building (1978), and likely its specific location within the complex. It reflects the market value for a very affordable, no-frills condo option.
2. What does the "Top 92%" ranking for Living Area mean?
This statistic means that 92% of comparable condo units on Summerside Avenue are larger. In this case, it confirms that this unit's living space is significantly below the local average of about 857 sqft, highlighting its compact nature.
3. Who is responsible for maintenance and repairs?
As a condo, the building's exterior, common areas, and major structural elements are maintained by the condominium corporation, funded through monthly condo fees. The owner is typically responsible for everything within the unit's walls.
4. Are the sold price ranges shown the exact prices?
No. The prices shown (e.g., $10.50k ~ $13.50k) are estimated ranges based on public data. You must request the exact sale price history directly from the website via email to get precise figures.
5. What are the monthly condo fees, and what do they cover?
This information is not provided in the data. It is essential to review the condo corporation's financial statements, bylaws, and reserve fund study to understand the monthly fees, what they cover (e.g., heat, water, building insurance, groundskeeping), and the health of the corporation's finances.
