72.0
Good
Property score
72.0
Good
Overall 72.0
Compared with neighbourhood average
1,204 sqft (bottom 40%)
Built in 1973 (1 yr newer than avg)
Located in a high-income area
with median household income of ~89k
Transit 62.0
3-min walk to transit with 1 nearby route
Within 500m: 1 school, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
15% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 46%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
72.0 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: #46110944
$89K
Median household income
$94K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
20%
Single-person households
24%
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
54 Newcastle Road — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 248 m), 3 parks (nearest 255 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 42% | Top 48% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 54 Newcastle Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1973. Its key feature is a renovated basement, adding valuable finished living space to the 1,204 sqft main floor. The lot is a notable asset, at nearly 7,000 sqft, which is above the city-wide average, offering ample outdoor space. The home includes a detached garage.
Its appeal lies in its modesty and potential. The living area and assessed value are below average for its immediate street but are competitive within the broader Fort Richmond area, suggesting it represents a more accessible entry point into the neighbourhood. The generous lot size is a significant long-term advantage, whether for gardening, play, or future expansion. The renovated basement provides immediate utility without the need for a major project.
This home would best suit first-time buyers or practical downsizers looking for a manageable, single-level layout in a well-established area. It’s a fit for those who value private outdoor space over a large interior footprint and who appreciate a home that offers some modern updates (the basement) while accepting that other elements reflect its era.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value is around the neighbourhood average but is below the average for houses directly on Newcastle Road. This can indicate a more affordable option on a street of otherwise similar homes.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or separate entrance to understand its full value.
3. Is the lot size a significant advantage?
Yes. At 6,956 sqft, the lot is larger than the typical Winnipeg property. This provides more privacy, space for sheds or gardens, and future potential that many newer lots in the city do not offer.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise in the home. However, it requires going outside to access your vehicle, which is a consideration during Winnipeg winters. The condition and size of the garage should be verified.
5. The home sold in late 2021. What can that price history tell me?
The sold price range from 2021 provides a recent market benchmark. Comparing it to the current asking price shows market movement over the past few years. For the exact historical sold price, you can request it directly from the listing service.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
