Property score
74.2
Good
Overall 74.2 · Compared with neighbourhood average
1,204 sqft (bottom 40%) · Built in 1971 (1 yr older than avg)
Located in a high-income area with median household income of ~111k
Transit 76.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 park, and 1 sports facility nearby
Living Area
Near average
15% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 57%Chinese · 11%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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74.2 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” (Detached houses (non-condo), 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: #46110943
$111K
Median household income
$132K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
9%
Single-person households
27%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
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
3 Rice Road — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 492 m), 1 parks (nearest 493 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%
3 Rice Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3 Rice Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Fort Richmond, built in 1971. Its primary appeal lies in a combination of space, location, and value. The 1,204 sqft living area is competitively sized for the neighborhood and city, while the 7,038 sqft lot is notably larger than many comparable properties, offering valuable outdoor space or future expansion potential. A key feature is the renovated basement, adding functional living area.
The home’s assessed value is significantly below average for its immediate street and neighborhood, which can indicate a different valuation approach or present an opportunity. It suits first-time buyers or downsizers looking for a manageable single-level layout in a mature community. The generous lot will appeal to those who prioritize private outdoor space over a garage, and the below-average assessment may be attractive to buyers focused on property tax efficiency or seeing potential where official valuations do not fully reflect the home’s market value.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes on Rice Road?
Municipal assessments are for tax purposes and can lag behind market values, especially if significant renovations were completed recently or if the property is categorized differently. It’s essential to evaluate based on current market conditions and a professional appraisal.
2. What does having a "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes legal secondary suites or simply finished living space.
3. Is the lack of a garage a significant drawback?
This depends on the buyer’s needs. The large lot provides ample space for adding a garage or carport in the future, which could be a strategic investment. For those with fewer vehicles or who prioritize yard space, it may be a acceptable trade-off.
4. How does the age of the home (55 years) affect maintenance?
While major systems like roof, plumbing, and wiring may have been updated, a home of this age will likely require ongoing maintenance. The renovated basement is a positive, but a thorough inspection is crucial to understand the condition of the foundation and the original structure.
5. The home ranks highly for land area but lower for value. What does this suggest?
This often indicates that the value is primarily in the land itself. It can suggest the existing structure is modest relative to the lot size, which some buyers may see as an opportunity for future expansion or redevelopment, subject to local zoning bylaws.
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