Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Pembina Highway): Below Average. Ranked #1,032 out of 1,121 (Bottom 8%). The street average for comparable homes is 1,031 sqft.
Neighborhood Level (Fort Richmond): Below Average. Ranked #558 out of 653 (Bottom 15%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #23,615 out of 26,841 (Bottom 12%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Pembina Highway): Below Average. Ranked #1,031 out of 1,121 (Bottom 8%). The street average for comparable homes is 221.4k.
Neighborhood Level (Fort Richmond): Below Average. Ranked #562 out of 653 (Bottom 14%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,148 out of 26,841 (Bottom 6%). The citywide average for comparable homes is 276.9k.
Street Level (Pembina Highway): Below Average. Ranked #937 out of 1,121 (Bottom 16%). The street average for comparable homes is 1987.
Neighborhood Level (Fort Richmond): Below Average. Ranked #444 out of 653 (Bottom 32%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #20,301 out of 26,841 (Bottom 24%). The citywide average for comparable homes is 1990.
Fort Richmond market pulse
How to read: Share of sales in each ~$50k price band for “fort richmond” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
512-3000 Pembina Highway — 35 amenities found within 500 m, across 8 categories, including 17 dining (nearest 159 m), 2 healthcare (nearest 154 m), 6 shopping (nearest 191 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 512-3000 Pembina Highway. No advertising. Data source details →
Related homes
Nearby interested homes
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Similar assessed value
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Is this home right for you?
Property Overview
This is a 685 sqft condo unit built in 1974, located at 512-3000 Pembina Highway in Winnipeg's Fort Richmond neighborhood. Its key characteristic is its notably low assessed value of $13,100, which places it among the most affordable properties in its comparison groups. The living area is compact, ranking below average for similar properties on Pembina Highway, in Fort Richmond, and citywide.
The primary appeal lies in its exceptional affordability and low barrier to entry into the Winnipeg market, particularly for the Pembina Highway corridor which offers high convenience. It suits first-time buyers or investors seeking a minimal purchase price, as well as downsizers or students affiliated with the nearby University of Manitoba who prioritize budget and location over space. A less obvious perspective is that a unit with such a low assessed value in a 1970s building may present a rare opportunity for a buyer to build equity through modest renovations without over-capitalizing for the area, or it could serve as a long-term hold in a well-established location.
Frequently Asked Questions
1. Why is the assessed value so much lower than comparable properties?
The assessed value of $13,100 is significantly below averages for the area, likely due to the unit's smaller size (685 sqft), its age (built in 1974), and potentially the building's specific condition or suite features. It reflects a lower starting point for property taxes.
2. What does the ranking data (e.g., "Top 92%") actually mean?
Rankings like "Top 92%" for Living Area mean this unit's size is larger than only 8% of comparable listings; it falls in the bottom 8% for space. Conversely, for Assessed Value, "Top 94%" means its value is higher than only 6% of comparables, placing it in the most affordable tier.
3. Is this a good option for a first-time buyer?
Yes, primarily due to its low cost of entry. It allows ownership in a major transit and amenity corridor with a very small initial investment. Buyers should be prepared for a compact living space and budget for potential updates common in a building of this era.
4. What are the implications of buying in a building constructed in 1974?
Buildings from this period may have original building systems and common elements that could require future updates. A thorough review of the condo corporation's reserve fund study and minutes is essential to understand the financial health and any planned major projects or special assessments.
5. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, as this information is verified and delivered manually.