Property score
47.1
Below average
Overall 47.1 · Smaller but newer than most nearby homes
725 sqft (bottom 28%) · Built in 1977 (3 yrs older than avg)
Located in a average-income area with median household income of ~48.4k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 13 dining spots, 2 healthcare facilitys, 4 shops, and 3 parks nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
3 yrs older than neighborhood avg.
Mother tongue
English · 44%Chinese · 8%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
434
159.2k
$183/sqft
1980
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47.1 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: #46111138
$48K
Median household income
$61K
Average household income
34%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
40%
Single-person households
18%
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
204-3030 Pembina Highway — 30 amenities found within 500 m, across 8 categories, including 13 dining (nearest 128 m), 2 healthcare (nearest 129 m), 4 shopping (nearest 132 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 11% | Bottom 18% | Bottom 10% |
Request exact sold prices and history by email
Address · Distance
Property Overview
This is a 725 sqft condo unit built in 1977, located at 204-3030 Pembina Highway in Winnipeg's Fort Richmond neighbourhood. Its key characteristic is its notably low municipal assessed value of $12,300, which places it in the bottom 2-4% of comparable properties across Pembina Highway, Fort Richmond, and citywide. The living space is also below the average for comparable homes. Historically, it last sold in May 2017 for an estimated $12,500-$15,500.
Section 1: Key Characteristics & Appeal
The primary appeal of this property is its exceptionally low cost of entry into the Winnipeg market. The assessed value and historical sale price suggest it is one of the most affordable condo units available, representing a minimal barrier to homeownership. Its location on a major transit and commercial corridor like Pembina Highway offers direct access to buses, essential services, and the University of Manitoba campus.
This unit would best suit a very specific type of buyer: a budget-conscious first-time buyer or an investor seeking a bare-minimum cash flow property, who prioritizes location and function over space and modern finishes. It’s a pragmatic choice for someone who views a home primarily as a financial stepping stone or a simple shelter close to amenities and transit routes. The below-average size and 1970s build mean expectations should be set for a compact, no-frills living space that requires efficient use of area and potentially some updates.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other condos?
The assessed value is based on factors like the unit's smaller size (725 sqft), its age (built 1977), and likely the building's overall condition and market position. It consistently ranks in the bottom percentiles for value among comparable properties.
2. What are the monthly condo fees, and what do they cover?
This critical information is not provided in the available data. A prospective buyer must obtain the condo corporation's financial statements, bylaws, and reserve fund study to understand the fees, their inclusions (e.g., heat, water, building insurance), and the health of the corporation.
3. Is this a good investment property?
Given the very low purchase price, the potential for positive cash flow could be higher than with a more expensive unit, especially if rented to students or staff from the nearby university. However, thorough due diligence on condo rules (especially regarding rentals), fee stability, and the building's repair history is essential to assess true investment risk.
4. How does the below-average living space affect livability?
At 725 sqft, the unit is significantly smaller than the average 1-bedroom or bachelor condo in the area. This demands efficient furniture choices and organization. It may feel cramped for more than one occupant or for someone who works from home without a dedicated space.
5. What are the pros and cons of a unit facing Pembina Highway?
The major pro is convenience to transit and amenities. The significant con is potential for traffic noise, which can affect comfort. It is advisable to visit the unit at different times of day to personally assess the noise level and to inquire about the building's window quality and soundproofing.
