Property score
47.1
Below average
Overall 47.1 · Smaller but newer than most nearby homes
725 sqft (bottom 28%) · Built in 1977 (3 yrs older than avg)
Located in a average-income area with median household income of ~48.4k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 13 dining spots, 2 healthcare facilitys, 4 shops, and 3 parks nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
3 yrs older than neighborhood avg.
Mother tongue
English · 44%Chinese · 8%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
434
159.2k
$183/sqft
1980
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47.1 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: #46111138
$48K
Median household income
$61K
Average household income
34%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
40%
Single-person households
18%
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
404-3030 Pembina Highway — 30 amenities found within 500 m, across 8 categories, including 13 dining (nearest 128 m), 2 healthcare (nearest 129 m), 4 shopping (nearest 132 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 9% | Bottom 14% | Bottom 9% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview: 404-3030 Pembina Highway
Key Characteristics & Appeal
This is a 725 sqft condo built in 1977, located in the Fort Richmond neighbourhood. Its most defining characteristic is its affordability, reflected in an assessed value significantly below local and city-wide averages. The appeal lies in a straightforward, low-cost entry point into the Winnipeg market, particularly for Pembina Highway access. It ranks highly for value (top 7-12% most affordable in its comparison groups), meaning you pay less for the space.
The unit suits practical, budget-conscious buyers. It could be a fit for a first-time buyer prioritizing minimal carrying costs over size, an investor seeking a rental with a lower initial outlay, or someone looking to downsize with a focus on essential expenses. A less obvious perspective is that a smaller, older unit in a well-located building can offer financial resilience, with property taxes and condo fees likely more manageable than in newer, larger complexes. The trade-off is clear: you gain affordability but accept a living area below the neighbourhood average in a building approaching 50 years old.
Frequently Asked Questions
1. What does the "below average" ranking for size and value actually mean?
It means this unit is more affordable and smaller than most comparable properties. For example, it ranks in the top 84-93% for affordability (i.e., it's among the least expensive 7-16% of listings), and similar homes in Fort Richmond average about 894 sqft, making this unit notably compact.
2. Are there recent sale prices available for this specific unit?
Yes. The most recent sale was in May 2024, with a public price range of $12.5k to $15.5k. The exact, precise sold price is available by request from the listing source.
3. What should I consider about a condo built in 1977?
Prospective buyers should pay close attention to the building's reserve fund study and minutes from recent condo board meetings. These will reveal the financial health of the corporation and any planned major repairs (e.g., roofing, plumbing, windows, balconies) that could lead to special assessments.
4. How does the location on Pembina Highway impact livability?
Pembina Highway offers excellent transit access and convenience to amenities, shops, and the University of Manitoba. However, units facing the highway may experience traffic noise. Consider the unit's orientation within the building.
5. Who might this property not be suitable for?
It may not suit buyers who need more space, those seeking modern finishes and amenities, or anyone uncomfortable with the potential for higher maintenance issues common in older buildings. It is a value-driven choice that emphasizes cost-saving over premium features.
