Property score
64.5
Fair
Overall 64.5 · Compared with neighbourhood average
1,203 sqft (bottom 37%) · Built in 1971 (1 yr older than avg)
Located in a average-income area with median household income of ~58k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 22 dining spots, 2 schools, 3 healthcare facilitys, and 4 shops nearby
Living Area
Below average
15% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 42%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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64.5 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: #46110945
$58K
Median household income
$68K
Average household income
30%
Low income (LIM-AT)
0.3
Income inequality (Gini)
6.8
P90 / P10 ratio
22%
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
4 Magdalene Bay — 41 amenities found within 500 m, across 9 categories, including 22 dining (nearest 229 m), 2 education (nearest 267 m), 3 healthcare (nearest 333 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 24% | Bottom 11% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 4% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 4 Magdalene Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a practical opportunity with a distinct value profile. Its key characteristic is a renovated basement, adding functional living space to the 1,203 sqft footprint. While the home itself is slightly above average in size for its immediate street, its standout feature is its financial positioning. The assessed value is notably below average for both the street and the wider Fort Richmond area, suggesting a potentially lower property tax burden or an entry point into a established neighbourhood. The lot is compact at just over 4,000 sqft, which means less yard maintenance but also less private outdoor space.
The appeal lies in this balance: it’s a move-in ready home with updated living space (the basement) in a mature neighbourhood, but without the premium price tag often associated with such locations. It would suit first-time buyers seeking a foothold in a convenient area, or practical downsizers looking for a manageable property with recent renovations. A thoughtful perspective is that a home with a value ranking significantly lower than its living area ranking can sometimes indicate an opportunity for equity growth through cosmetic updates, as the core structure and space are already competitive.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. A below-average assessment can result from various factors, including the home's older age (1971), the compact lot size, and the specific methodology used by assessors. It often translates to lower annual property taxes, which is a positive for monthly budgeting.
2. What does "renovated basement" typically mean here?
While specifics should be verified by a viewing and inspection, in homes of this era, a renovated basement usually indicates a finished lower level with living space, such as a family room, bedroom, or bathroom. It’s a key source of added functional space.
3. How does the compact lot impact living here?
The 4,034 sqft lot is smaller than most in the area. This is a benefit for those who prefer minimal yard work. However, it may limit options for large additions, pools, or extensive outdoor entertaining spaces. Privacy from neighbours could also be closer.
4. The home sold in 2017 and 2021. Is that a concern?
Two sales in under five years is worth noting, but not inherently negative. It could reflect typical life changes, investment activity, or the attractive affordability of the property. Reviewing the exact sale price history (available by request) can provide clearer context.
5. How does this home compare to the nearby reference property at 950 Summerside?
The reference home is newer (1987) and has a higher assessed value but is significantly smaller (912 sqft). This highlights a trade-off: 4 Magdalene Bay offers more interior space and a renovation for a lower assessed value, but in an older building on a smaller lot. The choice depends on prioritizing space versus newer construction.
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