Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Pembina Highway): Below Average. Ranked #953 out of 1,121 (Bottom 15%). The street average for comparable homes is 1,031 sqft.
Neighborhood Level (Fort Richmond): Below Average. Ranked #473 out of 653 (Bottom 28%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #22,649 out of 26,841 (Bottom 16%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Pembina Highway): Below Average. Ranked #1,057 out of 1,121 (Bottom 6%). The street average for comparable homes is 221.4k.
Neighborhood Level (Fort Richmond): Below Average. Ranked #589 out of 653 (Bottom 10%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,345 out of 26,841 (Bottom 6%). The citywide average for comparable homes is 276.9k.
Street Level (Pembina Highway): Below Average. Ranked #689 out of 1,121 (Bottom 39%). The street average for comparable homes is 1987.
Neighborhood Level (Fort Richmond): Around Average. Ranked #184 out of 653 (Top 28%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #18,777 out of 26,841 (Bottom 30%). 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
512-3030 Pembina Highway — 30 amenities found within 500 m, across 8 categories, including 13 dining (nearest 128 m), 2 healthcare (nearest 129 m), 4 shopping (nearest 132 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 512-3030 Pembina Highway. No advertising. Data source details →
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Is this home right for you?
Property Overview
This condo unit at 512-3030 Pembina Highway in Fort Richmond is a compact, 725 sqft residence built in 1977. Its key defining characteristic is its exceptionally low assessed value, which ranks in the bottom 10-15% compared to similar properties on its street, in the neighbourhood, and across Winnipeg. This results in correspondingly low property taxes. The living space is also below average in size for the area. The building is of a mature vintage, being older than many comparable homes in Fort Richmond but around the city-wide average. The unit last sold in late 2016.
Section 1: Key Characteristics & Appeal
The primary appeal of this property is its affordability and low ongoing carrying costs, driven by its low assessed value. It represents a highly accessible entry point into the Winnipeg market, particularly in the well-established Fort Richmond area near the University of Manitoba. The unit’s smaller size translates to minimal upkeep and lower utility costs.
Its location on Pembina Highway offers ultimate convenience for transit and immediate access to amenities, though it may come with increased noise and traffic. This unit would best suit a pragmatic, cost-conscious buyer such as a first-time investor looking for a rental property with low overhead, a student or academic seeking proximity to the university, or a minimalist owner-occupant whose priority is financial efficiency over space. A less obvious perspective is that a unit with such a low assessment can sometimes provide a cushion against market fluctuations, and its maturity suggests a well-understood building with a settled condo corporation.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the average?
Assessed value is based on market value and specific property characteristics. This unit’s below-average size, building age, and specific location within the complex likely contribute to its lower valuation compared to peers.
2. What are the condo fees, and what do they cover?
This information is not provided in the public data. A review of the condo corporation’s status certificate is essential to understand the monthly fees, included utilities (like water or heat), what amenities or maintenance they cover, and the financial health of the reserve fund.
3. How does being on Pembina Highway impact livability?
While offering unmatched convenience for commuting and shopping, units facing Pembina Highway may experience significant traffic noise. Prospective buyers should visit at different times to assess this and inquire about window upgrades or soundproofing.
4. What was the exact historical sale price?
The public data shows a sale range for October 2016. The listing service offers to provide the exact sale price via email upon request, as this detail is not publicly displayed in their system.
5. What should I check regarding a building from 1977?
Key due diligence items include the age and condition of major building systems (roof, windows, plumbing, elevators), the adequacy of the condo reserve fund for future repairs, and whether any special assessments are planned or recently completed.