38 Leeds Avenue

Fort Richmond, Winnipeg

Property score

67.0

Good

Overall 67.0 · Smaller than most nearby homes

1,090 sqft (bottom 24%) · Built in 1972

Located in a high-income area with median household income of ~89k

Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 dining spots, 1 school, 2 parks, and 1 bank/ATM nearby

Living Area

Below average

23% smaller than neighborhood avg.

Year Built

Near average

0 yrs newer than neighborhood avg.

Mother tongue

English · 46%Chinese · 14%

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

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Property score

67.0 is composed by the two sections below.

Property Score

59.4Fair
Living Area1,090 sqft52Fair
Year Built197258Fair
Lot Size6,958 sqft85Excellent
Neighbourhood Sales Activity78Good

Community Score

78.4Good
Household Income80Excellent
Education Level91Excellent
Housing Stress74Good
Core Housing Need76Good
Employment Health52Fair

Neighbourhood Sales

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.

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: #46110944

Community deep dive

$89K

Median household income

$94K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

20%

Single-person households

24%

Families with children

Population, labour & age

Population (2021)404
Labour force participation rate51%
Median age43.6
Avg household size2.8
Unemployment rate6%
Population density3107 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households20%
Couple families with children24%
Median household income (2020)$89K

Housing

Renter households14%
Condominium dwellings6%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority62%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 45%
Mother tongue (2nd)Chinese · 13%

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

Rankings

Living Area

around average
1,090 sqft
0255075100
Same streetBottom 17%Same areaBottom 24%CitywideBottom 39%
Same street · Leeds Avenue
#39 / 47
Bottom 17% · Avg 1,307 sqft
Same area · Fort Richmond
#2,010 / 2,629
Bottom 24% · Avg 1,421 sqft
Citywide · Winnipeg
#119,484 / 194,458
Bottom 39% · Avg 1,342 sqft

Tax-Assessed Value

around average
417k
0255075100
Same streetBottom 45%Same areaTop 49%CitywideTop 34%
Same street · Leeds Avenue
#26 / 47
Bottom 45% · Avg 419.2k
Same area · Fort Richmond
#1,276 / 2,629
Top 49% · Avg 435.7k
Citywide · Winnipeg
#66,982 / 194,458
Top 34% · Avg 390.1k

Year Built

around average
1972
0255075100
Same streetBottom 36%Same areaTop 41%CitywideTop 45%

Lot Size

above average
6,958 sqft
0255075100
Same streetBottom 26%Same areaTop 38%CitywideTop 17%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

38 Leeds Avenue — 6 amenities found within 500 m, across 4 categories, including 2 dining (nearest 462 m), 1 education (nearest 280 m), 2 parks (nearest 301 m).

Search radius
🍽️Dining2
🏫Education1
🌳Parks2
🏦Finance1

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%

Sales History

Sold 6/2021CA$400k–450k
Sold price

Same street

Top 50%

Same area

Top 35%

City-wide

Top 32%

Related homes

Highlights & common questions: 38 Leeds Avenue, Winnipeg

Property Overview

38 Leeds Avenue is a one-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1972, it offers 1,090 sqft of living space and sits on a 6,958 sqft lot. Key features include a renovated basement and a detached garage. The home's assessed value is $41,700.

Section 1: Key Characteristics & Appeal

This home presents a practical, grounded opportunity. Its key appeal lies in its efficient, single-level layout combined with a notably generous lot size for the city. While the living area is modest compared to immediate neighbours, the renovated basement adds functional space. The detached garage offers flexibility for parking, storage, or a workshop.

The property would suit first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space. It’s also a candidate for value-conscious investors or buyers with a longer-term view, as the large lot and existing renovation work provide a stable foundation. A less obvious perspective is its positioning: while it feels average or slightly below in its immediate area, its lot size is well above the Winnipeg city-wide average, suggesting a relative scarcity of land that could be a quiet advantage in the future.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others?
At 1,090 sqft, the living area is below the average for both Leeds Avenue and the Fort Richmond area, but is close to the average for the entire city. The renovated basement provides additional usable space.

2. What is the significance of the lot size?
The 6,958 sqft lot is a standout feature. It's larger than most lots in Winnipeg, offering more private outdoor space than a typical city property, though it is slightly smaller than the average on its own street.

3. What does the assessed value tell me?
The $41,700 assessed value is around the average for the street, neighbourhood, and city for comparable homes. It is a figure used for calculating property taxes, not a market price, but indicates the home is in line with its peer group.

4. Is the renovated basement a major plus?
Yes. A finished basement immediately adds liveable square footage without increasing the property's footprint, making the overall space more efficient and move-in ready.

5. Where can I find the exact historical sale prices?
The listing service provides estimated sale price ranges from public data. To obtain the precise sale price history, you must request it directly from them via email, which they provide as a manual, no-spam service.

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