Property score
46.1
Below average
Overall 46.1 · Smaller but newer than most nearby homes
700 sqft (bottom 21%) · 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
22% 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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46.1 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: #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
2A-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 17% | Bottom 12% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview & Key Characteristics
This 700 sqft condo at 2A-932 Summerside Avenue in Fort Richmond is a compact, no-basement unit built in 1978. Its primary appeal lies in its exceptionally low financial barrier to entry, evidenced by an assessed value of $12,400, which places it in the bottom 5-8% of comparable properties across the neighbourhood and city. This makes it one of the most affordable ownership options available. The unit is notably smaller than average for the area, but this directly facilitates its low cost.
It would suit a very specific type of buyer: first-time purchasers or investors seeking absolute minimum entry into the Winnipeg market, or those prioritizing ultra-low property taxes and carrying costs over space. Its value is functional rather than luxurious, offering a foothold in a well-established neighbourhood close to the University of Manitoba. A less obvious perspective is that such a low-assessment property could represent a strategic "value-add" opportunity for someone willing to renovate, as improvements might significantly shift its value ranking relative to peers.
Frequently Asked Questions
1. Why is the assessed value so much lower than other properties?
The assessed value is based on key metrics like living area, which is below average for the street and area. The combination of a smaller square footage and no basement in a building from 1978 results in a significantly lower municipal assessment than larger or newer units.
2. What does the "Top 92%" ranking for value mean?
This statistic means the property's assessed value is higher than only 92% of comparable units on the same street—or, put another way, it falls within the bottom 8%. This indicates it is among the least expensive properties in its immediate peer group.
3. Is this a good investment property?
Given the very low assessed value and recent sold price history, it could generate a reasonable cash flow relative to its cost. However, investors should carefully consider the condo fees, the building's age (1978), and the potential for special assessments, which are common in older buildings.
4. How recent are the sold price figures?
The last recorded sale was in July 2023, with a public price range of $11,500 to $14,500. For the exact sale price, you can request it via email from the listing source.
5. What are the condo fees and what do they include?
This information is not provided in the available data. It is essential to request the condo corporation's financial statements, bylaws, and reserve fund study to understand the monthly fees, what they cover, and the building's financial health before making an offer.
