Property score
50.0
Fair
Overall 50.0 · Newer than most nearby homes
858 sqft (bottom 40%) · 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
Near average
4% 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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50.0 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
2B-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 10% | Bottom 6% | Bottom 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 37% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2B-932 Summerside Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is an 858 sqft condominium in a building constructed in 1978. The data presents a property with a clear, practical profile. Its living space is consistently average when compared to similar units on its street, in Fort Richmond, and across Winnipeg. A standout characteristic is its significantly below-average assessed value in all comparison categories, which suggests a potentially lower property tax burden and an accessible entry point into the market.
The appeal lies in its straightforward affordability and functional space within a well-established neighbourhood. It represents a no-frills opportunity, particularly suited to first-time buyers, investors seeking a rental property with lower carrying costs, or downsizers looking to minimize expenses. The unit’s history shows it has traded in a lower price range for years, indicating a stable, budget-conscious niche rather than a high-appreciation asset. A thoughtful perspective is that this type of property can offer financial breathing room—the savings on taxes and mortgage payments compared to an average-priced unit could be redirected towards renovations, savings, or lifestyle.
Section 2: Frequently Asked Questions (FAQs)
1. Why is the assessed value so much lower than the city-wide average?
While the exact municipal assessment formula is complex, a consistently low assessment across street, area, and city comparisons often relates to specific building factors, unit placement, or historical valuation trends for that particular condo complex. It typically results in lower property taxes.
2. What does the sold price history indicate?
The past sale prices, which are provided as a range, show the unit has consistently sold well below the average sold price for comparable properties. This reinforces its position as a more affordable option within the market.
3. Who is responsible for the building’s exterior and major systems?
As a condominium, the corporation (and its monthly fees) is responsible for the building structure, roof, common areas, and likely major mechanical systems. A critical next step is to review the condo corporation’s financial health, reserve fund, and bylaws.
4. Are there many similar units in the building?
The listing shows several units at the same address (e.g., 1A, 2A, 7B), indicating a medium-sized condo complex. This can mean a more stable corporation but also highlights the importance of how your specific unit compares in layout, updates, and orientation.
5. The building is from 1978. Should I be concerned about maintenance?
The year built is around average for its area. The key isn’t the age alone, but how it has been maintained. An older building with a well-managed and funded condo corporation can be a sound investment, while a newer building with poor management can be problematic. The condo documents are essential to understand future repair plans and costs.
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