2 Wadham Bay

Fort Richmond, Winnipeg

Property score

74.2

Good

Overall 74.2 · Compared with neighbourhood average

1,232 sqft (bottom 44%) · Built in 1971 (1 yr older than avg)

Located in a high-income area with median household income of ~94k

Transit 76.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 1 park, and 1 sports facility nearby

Living Area

Near average

13% smaller than neighborhood avg.

Taon ng Paggawa

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 48%Chinese · 10%

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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

74.2 is composed by the two sections below.

Property Score

67.8Good
Living Area1,232 sqft66Good
Taon ng Paggawa197158Fair
Lupa6,814 sqft85Excellent
Neighbourhood Sales Activity78Good

Community Score

83.7Excellent
Household Income82Excellent
Education Level91Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health52Fair

Istatistika ng benta ng komunidad

Fort Richmond

How to read: Share of sales in each ~$50k price band for “fort richmond” (Detached na bahay (hindi 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: #46111016

Community deep dive

$94K

Median household income

$114K

Average household income

13%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

15%

Single-person households

34%

Families with children

Population, labour & age

Population (2021)577
Labour force participation rate55%
Median age42.4
Avg household size3.0
Unemployment rate9%
Population density3394 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households15%
Couple families with children34%
Median household income (2020)$94K

Housing

Renter households13%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)40%
Visible minority55%
Bachelor's or higher (25–64)51%
Mother tongue (1st)English · 47%
Mother tongue (2nd)Chinese · 9%

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

Mga ranggo

Living Area

karaniwan
1,232 sqft
0255075100
Same streetTop 44%Same areaBottom 44%CitywideTop 47%
Same street · Wadham Bay
#17 / 39
Top 44% · Avg 1,227 sqft
Same area · Fort Richmond
#1,473 / 2,629
Bottom 44% · Avg 1,421 sqft
Citywide · Winnipeg
#91,561 / 194,458
Top 47% · Avg 1,342 sqft

Assessed Value

lampas sa average
426k
0255075100
Same streetTop 26%Same areaTop 42%CitywideTop 33%
Same street · Wadham Bay
#10 / 39
Top 26% · Avg 408.1k
Same area · Fort Richmond
#1,111 / 2,629
Top 42% · Avg 435.7k
Citywide · Winnipeg
#63,603 / 194,458
Top 33% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1971
0255075100
Same streetTop 21%Same areaTop 48%CitywideTop 47%

Lupa

lampas sa average
6,814 sqft
0255075100
Same streetTop 44%Same areaTop 45%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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

2 Wadham Bay — 4 amenities found within 500 m, across 3 categories, including 2 education (nearest 470 m), 1 parks (nearest 497 m).

Search radius
🏫Education2
🌳Parks1
💪Sports1

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%

Kasaysayan ng Benta

Naibenta 9/2021CA$350k–400k
Presyo ng benta

Parehong kalye

Top 40%

Parehong lugar

Top 46%

Buong lungsod

Top 37%

Related homes

Mga tampok at karaniwang tanong: 2 Wadham Bay, Winnipeg

Property Overview

This one-storey home at 2 Wadham Bay in Fort Richmond presents a solid, well-maintained option in a mature Winnipeg neighbourhood. Built in 1971, it features 1,232 sqft of living space, an attached garage, and a renovated basement on a spacious 6,814 sqft lot. Its assessed value is notably above average for its immediate street.

The appeal lies in its practical layout and established location. The renovated basement adds functional living space, a significant advantage for a one-storey design. The lot size is a standout feature, offering above-average outdoor space citywide, which is a relative rarity. This home suits first-time buyers seeking a move-in-ready property without a major project, downsizers looking for single-level living with room for family visits, or pragmatic investors attracted to a stable, in-demand area with consistent value.

Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value of $42,600 ranks in the top 26% on its own street, indicating it is viewed as a above-average property in its immediate peer group. It sits around the average mark for the broader Fort Richmond area and citywide.

2. Is the lot size a significant feature?
Yes. While the lot is around average for the street and neighbourhood, it ranks in the top 19% citywide. This means you get more outdoor space than most Winnipeg properties, offering greater potential for gardening, expansion, or simply more privacy.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent to understand the finish quality, room layouts, and whether any permits were obtained for the work.

4. What is the typical price history for this home?
Public data shows it last sold between $36,500 and $39,500 in September 2021. The exact sold price is available upon request from the listing source. This history suggests steady value appreciation in recent years.

5. Who might this property not suit?
It may not suit buyers seeking a brand-new build or extensive modern open-concept layouts typical of newer homes. As a one-storey home from the 1970s, its room proportions and flow will reflect its era. It also does not have a pool, which could be a drawback for some.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.