Property score
59.2
Fair
Overall 59.2 · Smaller than most nearby homes
804 sqft (bottom 3%) · Built in 1969 (3 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 school, 1 park, and 2 place of worships nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Below average
3 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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59.2 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
47 Mcmasters Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 449 m), 1 parks (nearest 316 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 7% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 47 Mcmasters Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 804 sqft bi-level home built in 1969, situated on a generous 6,379 sqft lot in Fort Richmond. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a below-average assessed value. The home features a renovated basement and a detached garage.
The property’s standout characteristic is its lot size, which is above average citywide, offering potential for outdoor space or future expansion relative to many other homes. While the living area is notably smaller than most comparable homes on its street and in the neighbourhood, this very fact contributes to its lower price point. It last sold in mid-2016 for a price significantly below current assessed value averages.
This home would best suit first-time buyers or investors seeking a lower-cost footprint in a established neighbourhood. It’s a practical choice for those who prioritize land size over interior square footage and are comfortable with a home that requires efficient use of space. A thoughtful perspective is that its older construction date (1969) is actually a relative advantage on its specific street, ranking it as the newest among its immediate peers, which may suggest updated core systems compared to neighbours.
Section 2: Frequently Asked Questions
1. Is the house much smaller than others in the area?
Yes. The living area is 804 sqft, which is significantly below the average for both Mcmasters Road (~1,395 sqft) and the wider Fort Richmond area (~1,421 sqft). This is a key factor in its pricing.
2. What is the potential based on the lot size?
The 6,379 sqft lot is above the city-wide average. This is the property's major physical asset, offering more outdoor space than many city homes and presenting options for gardening, recreation, or future additions, subject to zoning.
3. How does the assessed value compare?
The assessed value is below average for the street and neighbourhood, but aligns closer to the city-wide average. This indicates the home is priced for its smaller size within a desirable area, not for being in an undervalued location.
4. When was it last sold, and for how much?
It was last sold in July 2016. The sold price range from public records is between $275,000 and $305,000. An exact price can be requested directly from the listing source.
5. Are there any directly comparable nearby properties?
Two nearby references from 2016 are provided: 63 Mcmasters Rd (larger, higher value) and 111 Laval Dr (closer in size and value). Several current listings in other neighbourhoods share the same assessed value, but may differ in features and location.
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