2 Thornhill Bay

Fort Richmond, Winnipeg

Property score

75.9

Good

Overall 75.9 · Larger and newer than most nearby homes

1,790 sqft (top 17%) · Built in 1976 (4 yrs newer than avg)

Located in a above-average income area with median household income of ~73.5k

Transit 62.0 · 5-min walk to transit with 1 nearby route · Within 500m: 1 school, and 1 park nearby

Living Area

Above average

26% larger than neighborhood avg.

Year Built

Above average

4 yrs newer than neighborhood avg.

Mother tongue

English · 66%Chinese · 5%

Past 10 years Fort Richmond sales snapshot (~80% of all data)

Sold Count

1,068

Median price

445k

$/sqft

$351/sqft

Avg build year

1972

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Property score

75.9 is composed by the two sections below.

Property Score

81.6Excellent
Living Area1,790 sqft86Excellent
Year Built197667Good
Lot Size6,817 sqft85Excellent
Neighbourhood Sales Activity78Good

Community Score

67.4Good
Household Income74Good
Education Level82Excellent
Housing Stress63Fair
Core Housing Need25Low
Employment Health52Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110966

Community deep dive

$74K

Median household income

$91K

Average household income

29%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.9

P90 / P10 ratio

11%

Single-person households

25%

Families with children

Population, labour & age

Population (2021)624
Labour force participation rate63%
Median age29.2
Avg household size2.9
Unemployment rate15%
Population density1521 / km²

Households & income

Low income (LIM-AT, % pop.)29%
Single-person households11%
Couple families with children25%
Median household income (2020)$74K

Housing

Renter households50%
Condominium dwellings0%
Median dwelling value (owners)$412K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority39%
Bachelor's or higher (25–64)48%
Mother tongue (1st)English · 65%
Mother tongue (2nd)Chinese · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
1,790 sqft
0255075100
Same streetTop 4%Same areaTop 17%CitywideTop 18%
Same street · Thornhill Bay
#2 / 45
Top 4% · Avg 1,328 sqft
Same area · Fort Richmond
#440 / 2,629
Top 17% · Avg 1,421 sqft
Citywide · Winnipeg
#34,143 / 194,458
Top 18% · Avg 1,342 sqft

Tax-Assessed Value

above average
432k
0255075100
Same streetTop 27%Same areaTop 39%CitywideTop 32%
Same street · Thornhill Bay
#12 / 45
Top 27% · Avg 417.3k
Same area · Fort Richmond
#1,013 / 2,629
Top 39% · Avg 435.7k
Citywide · Winnipeg
#61,434 / 194,458
Top 32% · Avg 390.1k

Year Built

above average
1976
0255075100
Same streetTop 42%Same areaTop 20%CitywideTop 39%

Lot Size

above average
6,817 sqft
0255075100
Same streetTop 16%Same areaTop 44%CitywideTop 19%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

2 Thornhill Bay — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 191 m), 1 parks (nearest 152 m).

Search radius
🏫Education1
🌳Parks1

Crime & Safety

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%

Sales History

Sold 11/2021CA$400k–450k
Sold price

Same street

Top 38%

Same area

Top 32%

City-wide

Top 31%

Related homes

Highlights & common questions: 2 Thornhill Bay, Winnipeg

Property Overview

This 4-level split home at 2 Thornhill Bay in Fort Richmond offers a practical and spacious layout on a generous lot. Built in 1976, it features 1,790 sqft of living space, which is notably larger than most homes on its street and in the wider area. The property includes an attached garage and a full, unrenovated basement, presenting a classic Winnipeg family home with clear potential.

Its primary appeal lies in its above-average interior space and land size (6,817 sqft) for the immediate neighborhood, offering room to grow or customize. The assessed value is consistent with area averages, suggesting a stable investment. This home would suit a buyer looking for a solid, spacious property in a mature community, who is comfortable with a home of this era and may see value in the opportunity to update the basement and other areas over time. It’s a practical choice for those prioritizing square footage and lot size over modern turn-key finishes.


Frequently Asked Questions

How does the living space truly compare to nearby homes?
At 1,790 sqft, this home's living area ranks in the top 4% on its own street and the top 17% in Fort Richmond, meaning it offers significantly more interior space than most comparable properties in the local area.

What is the significance of the "unrenovated basement"?
This indicates the lower level is functional but awaits modernization. For a buyer, it represents both a current cost-saving on the purchase price and a future opportunity to add value and customize the space to their needs.

Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($43,200) is a municipal tax valuation. While it provides a benchmark, the actual market price is determined by current demand, condition, and recent sale prices of similar homes, such as the noted sale in late 2021 in the $39.5k-$42.5k range.

What are the practical implications of a 4-level split design?
This layout offers good separation of living and sleeping areas across multiple half-levels, which can provide privacy for a family. However, it also means more stairs to navigate daily, which is a consideration for mobility or future planning.

How does the lot size benefit a buyer?
The lot of 6,817 sqft is larger than most on the street (top 16%), offering ample backyard space for recreation, gardening, or potential additions like a deck or shed, which is a valuable asset in a mature neighborhood.

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