72.7
Good
Property score
72.7
Good
Overall 72.7
Older than most nearby homes
1,482 sqft (top 36%)
Built in 1965 (7 yrs older than avg)
Located in a above-average income area
with median household income of ~85k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 park, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 55%Chinese · 9%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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72.7 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: #46111012
$85K
Median household income
$87K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
17%
Single-person households
23%
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
40 Tamworth Bay — 3 amenities found within 500 m, across 2 categories, including 1 parks (nearest 387 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 | Top 8% | Top 13% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Tamworth Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 4-level split home, built in 1965, presents a compelling mix of space, value, and location. With 1,482 sqft of living area, it offers significantly more interior space than most comparable homes on its street and in Fort Richmond. A key feature is its renovated basement, adding functional living space. The home sits on a 5,297 sqft lot, which is modest for the immediate area but aligns with city-wide averages.
Its primary appeal lies in its value proposition. The home’s assessed value is notably lower than many neighbours, potentially offering an entry point into a well-established neighbourhood. This combination of above-average living space and a below-average assessment for the area suggests room for personalization and equity growth. It would suit practical buyers—first-time homeowners, small families, or value-focused investors—who prioritize interior space over a large yard and see potential in a solid, older home that’s already seen some updates.
A less obvious perspective is its standing as the oldest home on the block (ranked 1 of 31 for year built), which can appeal to those who appreciate classic build quality and character. The recent sale in late 2022 also provides a clear, modern price benchmark in a stable market.
Frequently Asked Questions
1. Is the lower assessed value a concern?
Not necessarily. It primarily indicates the home is valued below many neighbours on the same street and in Fort Richmond. This can be an advantage for property taxes and may reflect the home’s older age or a valuation that presents a buying opportunity.
2. What does "renovated basement" typically mean here?
While specifics should be verified, in a home of this era and style, a renovated basement usually means the lower level has been finished into livable space, such as a family room, additional bedroom, or recreational area, adding to the functional square footage.
3. How does the lot size impact the property?
At just under 5,300 sqft, the yard is smaller than most in Fort Richmond. This means lower maintenance, which is a plus for some, but less private outdoor space. It’s a trade-off that prioritizes the interior living area.
4. Who might this home not suit?
Buyers seeking a modern, open-concept layout or extensive outdoor space may find the 4-level split style and modest lot less ideal. It’s also not suited for those requiring a garage, as the property does not have one.
5. How current is the price information?
The detailed sold price range is from October 2022, providing a reliable recent benchmark. For the exact historical sold price, you can request it directly via the provided email service on the original listing page.
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