43 Tamworth Bay

Fort Richmond, Winnipeg

Property score

65.1

Good

Overall 65.1 · Smaller and older than most nearby homes

1,014 sqft (bottom 14%) · Built in 1965 (7 yrs older than avg)

Located in a above-average income area with median household income of ~85k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 park, and 2 place of worships nearby

Living Area

Below average

29% smaller 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)

Sold Count

1,068

Median price

445k

$/sqft

$351/sqft

Avg build year

1972

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Property score

65.1 is composed by the two sections below.

Property Score

55.4Fair
Living Area1,014 sqft52Fair
Year Built196546Low
Lot Size5,995 sqft74Good
Neighbourhood Sales Activity78Good

Community Score

79.6Good
Household Income79Good
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need76Good
Employment Health60Fair

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: #46111012

Community deep dive

$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

Population, labour & age

Population (2021)745
Labour force participation rate61%
Median age32.8
Avg household size2.9
Unemployment rate9%
Population density3239 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households17%
Couple families with children23%
Median household income (2020)$85K

Housing

Renter households21%
Condominium dwellings4%
Median dwelling value (owners)$368K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority50%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Chinese · 8%

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

Rankings

Living Area

below average
1,014 sqft
0255075100
Same streetBottom 13%Same areaBottom 14%CitywideBottom 28%
Same street · Tamworth Bay
#27 / 31
Bottom 13% · Avg 1,199 sqft
Same area · Fort Richmond
#2,254 / 2,629
Bottom 14% · Avg 1,421 sqft
Citywide · Winnipeg
#140,680 / 194,458
Bottom 28% · Avg 1,342 sqft

Tax-Assessed Value

above average
401k
0255075100
Same streetTop 23%Same areaBottom 39%CitywideTop 38%
Same street · Tamworth Bay
#7 / 31
Top 23% · Avg 383.3k
Same area · Fort Richmond
#1,608 / 2,629
Bottom 39% · Avg 435.7k
Citywide · Winnipeg
#73,989 / 194,458
Top 38% · Avg 390.1k

Year Built

Elite
1965
0255075100
Same streetTop 3%Same areaBottom 20%CitywideBottom 47%

Lot Size

around average
5,995 sqft
0255075100
Same streetTop 32%Same areaBottom 19%CitywideTop 33%

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

43 Tamworth Bay — 3 amenities found within 500 m, across 2 categories, including 1 parks (nearest 402 m).

Search radius
🌳Parks1
Worship2

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 3/2019CA$300k–350k
Sold price

Same street

Bottom 38%

Same area

Bottom 21%

City-wide

Bottom 49%

Related homes

Highlights & common questions: 43 Tamworth Bay, Winnipeg

Property Overview: 43 Tamworth Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond presents a practical opportunity with distinct characteristics. Its primary appeal lies in its balance of a renovated basement, a detached garage, and a notably large lot for the immediate area. At just over 1,000 sqft of living space, the house itself is compact and below the average size for the neighbourhood, suggesting a efficient, low-maintenance layout. The 1965 build date makes it one of the oldest homes on Tamworth Bay, which can imply well-established landscaping and mature trees.

The property’s value proposition is anchored by its land. The lot of nearly 6,000 sqft is above the city-wide average and provides significant outdoor space relative to many nearby homes. This is complemented by a renovated basement, adding functional living area. The assessed value sits above average for the street, indicating official recognition of its condition or lot value despite the smaller footprint.

This home would suit first-time buyers or downsizers seeking a manageable single-level layout in a mature neighbourhood, with the yard space for gardening, pets, or future expansion. It’s less suited for those requiring substantial above-grade square footage immediately. A thoughtful perspective is that an older, smaller home on a large lot in a established area like Fort Richmond often holds long-term redevelopment or value-add potential, appealing to strategic buyers.

Section 2: Frequently Asked Questions

1. How does the home’s smaller size compare to the neighbourhood?
At 1,014 sqft, the living area is below the average for both Tamworth Bay and the wider Fort Richmond area. This indicates a more compact, efficient layout compared to many neighbouring homes.

2. What does the above-average assessed value for the street suggest?
With an assessed value ranking in the top 23% on its street, this suggests the property’s overall valuation—likely factoring in the renovated basement, lot size, and condition—exceeds that of many immediate neighbours, even with a smaller building.

3. Is the lot size a significant feature?
Yes. The lot of 5,995 sqft is larger than the city-wide average and provides considerable outdoor space, which is a key asset and less common in many parts of the city.

4. What is the significance of the 1965 build date?
Built in 1965, this is one of the oldest homes on Tamworth Bay. Buyers should factor in the potential for original components (like roofing, windows, or major systems) to need attention or updating, despite the renovated basement.

5. Are sold price details available?
A sale was recorded in March 2019. For precise sold price history, you must request the exact data via email from the listing service, as only a range is publicly displayed.

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