50 Greyfriars Road

Fort Richmond, Winnipeg

Property score

61.5

Fair

Overall 61.5 · Smaller than most nearby homes

804 sqft (bottom 3%) · Built in 1969 (3 yrs older than avg)

Located in a high-income area with median household income of ~94k

Transit 68.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 1 shop, 1 park, and 1 sports facility nearby

Living Area

Below average

43% smaller than neighborhood avg.

Year Built

Below average

3 yrs older than neighborhood avg.

Mother tongue

English · 48%Chinese · 10%

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

61.5 is composed by the two sections below.

Property Score

46.7Low
Living Area804 sqft32Low
Year Built196952Fair
Lot Size7,495 sqft88Excellent
Neighbourhood Sales Activity78Good

Community Score

83.7Excellent
Household Income82Excellent
Education Level91Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health52Fair

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: #46111016

Community deep dive

$94K

Median household income

$114K

Average household income

13%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

15%

Single-person households

34%

Families with children

Population, labour & age

Population (2021)577
Labour force participation rate55%
Median age42.4
Avg household size3.0
Unemployment rate9%
Population density3394 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households15%
Couple families with children34%
Median household income (2020)$94K

Housing

Renter households13%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)40%
Visible minority55%
Bachelor's or higher (25–64)51%
Mother tongue (1st)English · 47%
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

below average
804 sqft
0255075100
Same streetBottom 8%Same areaBottom 3%CitywideBottom 9%
Same street · Greyfriars Road
#35 / 38
Bottom 8% · Avg 1,156 sqft
Same area · Fort Richmond
#2,548 / 2,629
Bottom 3% · Avg 1,421 sqft
Citywide · Winnipeg
#176,265 / 194,458
Bottom 9% · Avg 1,342 sqft

Tax-Assessed Value

around average
366k
0255075100
Same streetBottom 29%Same areaBottom 13%CitywideTop 48%
Same street · Greyfriars Road
#27 / 38
Bottom 29% · Avg 391.1k
Same area · Fort Richmond
#2,285 / 2,629
Bottom 13% · Avg 435.7k
Citywide · Winnipeg
#93,885 / 194,458
Top 48% · Avg 390.1k

Year Built

around average
1969
0255075100
Same streetBottom 37%Same areaBottom 39%CitywideTop 49%

Lot Size

above average
7,495 sqft
0255075100
Same streetTop 13%Same areaTop 24%CitywideTop 14%

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

50 Greyfriars Road — 5 amenities found within 500 m, across 4 categories, including 2 education (nearest 295 m), 1 shopping (nearest 494 m), 1 parks (nearest 399 m).

Search radius
🏫Education2
🛒Shopping1
🌳Parks1
💪Sports1

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 7/2023CA$400k–450k
Sold price

Same street

Top 26%

Same area

Top 38%

City-wide

Top 33%
Sold 3/2017CA$300k–350k
Sold price

Same street

Bottom 22%

Same area

Bottom 17%

City-wide

Bottom 46%

Related homes

Highlights & common questions: 50 Greyfriars Road, Winnipeg

Property Overview

This 1969 bi-level home at 50 Greyfriars Road in Fort Richmond presents a specific and practical opportunity. Its key appeal lies in the balance between a modest, renovated living space and a significantly larger-than-average lot. With 804 square feet of living area, the house itself is compact, ranking below average for size both on its street and in the wider neighbourhood. However, it sits on a 7,495 square foot lot, which places it in the top 14% citywide for land area. This creates a clear dynamic: a smaller, efficient home on a generous, private parcel of land. The detached garage adds functional storage or workshop space.

The property would suit a first-time buyer or downsizer looking for an affordable entry into the Fort Richmond area, prioritizing outdoor space and future potential over immediate square footage. It’s also a sensible fit for a hands-on owner who values a large yard for gardening, recreation, or future expansion, and who is comfortable with a home whose interior is efficient and straightforward rather than expansive. The renovated basement adds usable living space, enhancing the home’s functionality despite its smaller main footprint.


Frequently Asked Questions

Is this a small house?
Yes. With 804 sq ft of living area, it is notably smaller than most homes in Fort Richmond and on Greyfriars Road itself. The living space is efficient, with the renovated basement providing additional room.

What is the main advantage of this property?
The land. The lot size of nearly 7,500 sq ft is well above the city and neighbourhood averages. This offers substantial outdoor space, privacy, and potential that is uncommon for homes in this price range.

How does the assessed value compare?
The assessed value is around average for the city but below average for the immediate street and Fort Richmond area. This typically reflects the home's smaller size, while the land value provides a solid foundation for the assessment.

What might a buyer overlook at first glance?
The balance between house and lot. While the interior is compact, the large lot offers immediate quality of life through outdoor space and represents the property's long-term value driver, whether for personal use or future redevelopment.

Is the price history typical?
Recent sale data suggests values have been stable. The sale history shows a price range that aligns with the home’s profile as a land-value play with a modest dwelling, rather than following the trends of larger, standard-sized houses.

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