Property score
73.6
Good
Overall 73.6 · Older than most nearby homes
1,236 sqft (bottom 44%) · Built in 1965 (7 yrs older than avg)
Located in a high-income area with median household income of ~113k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 3 parks nearby
Living Area
Near average
13% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 64%Chinese · 6%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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73.6 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: #46111013
$113K
Median household income
$124K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.0
P90 / P10 ratio
20%
Single-person households
30%
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
47 Fordham Bay — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 345 m), 3 parks (nearest 167 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 1% | Bottom 28% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 47 Fordham Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property that presents a clear value proposition. Built in 1965, it sits on a 6,431 sqft lot—a size that is notably above average citywide, offering generous outdoor space for gardening, play, or future expansion. The living area of 1,236 sqft is modest, particularly for its street, but the home features a renovated basement and a detached garage.
Its primary appeal lies in its land value and location. The lot size is a significant asset in a mature neighbourhood, providing a sense of space and potential not always found in similarly priced homes. While the house itself is smaller and older than many on its block, this is reflected in its below-average assessed value for the immediate area, suggesting an entry point into a well-established community. The renovated basement adds functional living space.
This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout without sacrificing yard space. It’s also a candidate for a long-term holder who values the land size and sees potential in the existing structure, whether for gradual updates or a future rebuild.
Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. While the lot is slightly below average for Fordham Bay itself, it ranks in the top 23% citywide for land area. This means you're getting more land than most Winnipeg homes, which is a key feature of this property.
2. The home seems smaller than others on the street. What does that mean?
The living area is indeed below the street average. This typically translates to a lower purchase price relative to the neighbourhood, making it an affordable way to access the location. It’s a trade-off between interior square footage and lot size.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and suitability for your needs.
4. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes. Market price is determined by current buyer demand, condition, and recent sales of comparable homes. The last recorded sale was between $32.5k-$35.5k in late 2019.
5. Who would this home not suit?
Buyers seeking a large, modern interior or a move-in-ready home with no projects may find it limiting. Its appeal is geared more toward those who prioritize land over lavish living space or who are comfortable with a home of vintage character.
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