5 Petersfield Place

Fort Richmond, Winnipeg

Property score

75.4

Good

Overall 75.4 · Newer than most nearby homes

1,415 sqft (top 40%) · Built in 1974 (2 yrs newer than avg)

Located in a high-income area with median household income of ~108k

Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 2 parks nearby

Living Area

Near average

0% smaller than neighborhood avg.

Year Built

Above average

2 yrs newer than neighborhood avg.

Mother tongue

English · 64%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

75.4 is composed by the two sections below.

Property Score

72.6Good
Living Area1,415 sqft75Good
Year Built197458Fair
Lot Size6,158 sqft81Excellent
Neighbourhood Sales Activity78Good

Community Score

79.7Good
Household Income88Excellent
Education Level72Good
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health42Low

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: #46110967

Community deep dive

$108K

Median household income

$99K

Average household income

12%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

11%

Single-person households

34%

Families with children

Population, labour & age

Population (2021)558
Labour force participation rate50%
Median age39.6
Avg household size3.2
Unemployment rate8%
Population density2790 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households11%
Couple families with children34%
Median household income (2020)$108K

Housing

Renter households17%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority34%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 63%
Mother tongue (2nd)Chinese · 9%

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

Rankings

Living Area

around average
1,415 sqft
0255075100
Same streetBottom 33%Same areaTop 40%CitywideTop 35%
Same street · Petersfield Place
#10 / 15
Bottom 33% · Avg 1,545 sqft
Same area · Fort Richmond
#1,059 / 2,629
Top 40% · Avg 1,421 sqft
Citywide · Winnipeg
#67,750 / 194,458
Top 35% · Avg 1,342 sqft

Tax-Assessed Value

around average
437k
0255075100
Same streetBottom 33%Same areaTop 36%CitywideTop 31%
Same street · Petersfield Place
#10 / 15
Bottom 33% · Avg 450.5k
Same area · Fort Richmond
#950 / 2,629
Top 36% · Avg 435.7k
Citywide · Winnipeg
#59,661 / 194,458
Top 31% · Avg 390.1k

Year Built

above average
1974
0255075100
Same streetTop 7%Same areaTop 28%CitywideTop 42%

Lot Size

above average
6,158 sqft
0255075100
Same streetBottom 1%Same areaBottom 23%CitywideTop 28%

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

5 Petersfield Place — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 227 m), 2 parks (nearest 192 m).

Search radius
🏫Education1
🌳Parks2

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 10/2016CA$350k–400k
Sold price

Same street

Bottom 25%

Same area

Bottom 41%

City-wide

Top 42%

Related homes

Highlights & common questions: 5 Petersfield Place, Winnipeg

Property Overview

This one-storey home at 5 Petersfield Place in Fort Richmond is a practical and well-situated property. Built in 1974, it features 1,415 sqft of living space and sits on a 6,158 sqft lot, with a renovated basement and a detached garage. The home’s assessed value is in line with the local area, and it presents a straightforward opportunity in a mature neighbourhood.

Key Characteristics & Appeal

The primary appeal of this home lies in its balance and location. Its living space and assessed value are consistently "around average" when compared to the immediate street, the wider Fort Richmond area, and the city as a whole, suggesting a property that is neither over-improved nor under-valued for its setting. The renovated basement adds functional living space, a valuable asset in a one-storey layout. While the lot size is smaller than others on Petersfield Place, it is still above the Winnipeg city-wide average, offering manageable outdoor space with less maintenance.

This property would suit first-time buyers or downsizers looking for a solid, no-fuss home in a stable, established neighbourhood. Its average metrics across the board indicate a lower risk of overpaying relative to the area. The one-storey design is ideal for those seeking accessibility or simply preferring single-level living. A thoughtful perspective is that a home which consistently ranks in the middle of the pack can represent a sensible, grounded purchase—it’s a home to live in, not a speculative asset, in a neighbourhood where values are well-established.

Frequently Asked Questions

1. How does the property’s value compare to recent sales?
Based on available data, the last recorded sale was in late 2016. The current assessed value is positioned around the average for Fort Richmond, providing a benchmark, but a current market evaluation would be needed to determine today’s exact value.

2. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify the scope. This should be clarified to understand if it includes a legal suite, additional bedrooms, or simply finished living space, as this significantly impacts utility and value.

3. Is the smaller lot size a concern?
While the lot is the smallest on Petersfield Place, it is still larger than the typical Winnipeg lot. This could be an advantage for buyers wanting a smaller yard to maintain, without sacrificing private outdoor space entirely.

4. What are the implications of the "around average" rankings?
This consistency suggests the property is typical for the area, which can be positive for resale and financing. It likely won’t appraise for surprisingly more or less than similar nearby homes, providing a stable investment.

5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request this detailed history directly via the provided email form on the listing page, and the information will be provided manually without marketing spam.

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