65.1
Good
Property score
65.1
Good
Overall 65.1
Smaller and older than most nearby homes
1,040 sqft (bottom 17%)
Built in 1965 (7 yrs older than avg)
Located in a above-average income area
with median household income of ~85k
Transit 80.0
3-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
Below average
27% 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)
1,068
445k
$351/sqft
1972
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65.1 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” (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
48 Tamworth Bay — 3 amenities found within 500 m, across 2 categories, including 1 parks (nearest 358 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 3% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 48 Tamworth Bay in Fort Richmond is a study in contrasts, offering a unique value proposition. Built in 1965, it is the oldest home on its street, which can signal solid, time-tested construction but also suggests a need for diligent maintenance. With 1,040 sqft of living space and a renovated basement, the interior is functional and updated. The lot size is fairly standard for the city, but below average for the neighbourhood, which is known for larger properties. Its most striking feature is its assessed value, which is significantly below average for both the street and Fort Richmond, yet aligns with the Winnipeg city-wide average. This creates an accessible entry point into a well-established area.
Key Characteristics & Appeal
The primary appeal of this property is its position as a more affordable option in a desirable neighbourhood. It suits first-time buyers, downsizers, or investors looking for a foothold in Fort Richmond without the premium price tag of larger lots or newer homes. The renovated basement adds practical living space. A less obvious perspective is that being the oldest house on the block can be an advantage for a buyer interested in character or a straightforward renovation project, as it avoids the sometimes complex renovations of much newer, but not new, homes. The detached garage offers flexibility. Buyers should be pragmatic: they are trading lot size and a newer build for location and value, and should budget accordingly for the upkeep typical of a home of this age.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value is based on specific property characteristics. Here, the combination of a smaller-than-average lot for the area, a smaller living area, and the home's age results in a lower assessment compared to other Fort Richmond properties, which often have larger lots and more recent builds.
2. What does it mean that this is the oldest home on the street?
It indicates the home was part of the original development of the area. This often means mature landscaping and established infrastructure. For a buyer, it underscores the importance of a thorough inspection to understand the condition of major aging components like the roof, foundation, and plumbing.
3. How usable is the lot given its below-average size for the neighbourhood?
At over 5,600 sqft, the lot is still a good size for city living, accommodating a garden, play area, and the detached garage. It simply means that, on average, lots in Fort Richmond are more spacious, so direct neighbours may have larger yards.
4. The home sold in 2016 for a much lower price. Is that relevant today?
The 2016 sale price is a historical data point and reflects the market conditions of that time. It is not a direct indicator of current value, which is influenced by nearly a decade of market changes, the basement renovation, and current supply and demand.
5. Who would this property not be ideal for?
It may not suit buyers who prioritize a very large yard, a modern open-concept layout (typical of a one-storey from the 1960s), or those unwilling to manage the maintenance and potential updates expected of a home nearing 60 years old.
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