55 Laval Drive

Fort Richmond, Winnipeg

Property score

66.4

Good

Overall 66.4 · Older than most nearby homes

1,232 sqft (bottom 44%) · Built in 1965 (7 yrs older than avg)

Located in a above-average income area with median household income of ~66.5k

Transit 72.0 · 9-min walk to transit with 5 nearby routes · Within 500m: 1 park, and 2 place of worships nearby

Living Area

Near average

13% smaller than neighborhood avg.

Taon ng Paggawa

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 49%Chinese · 16%

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

66.4 is composed by the two sections below.

Property Score

65.9Good
Living Area1,232 sqft66Good
Taon ng Paggawa196546Low
Lupa7,167 sqft88Excellent
Neighbourhood Sales Activity78Good

Community Score

67.2Good
Household Income68Good
Education Level91Excellent
Housing Stress20Low
Core Housing Need88Excellent
Employment Health42Low

Istatistika ng benta ng komunidad

Fort Richmond

How to read: Share of sales in each ~$50k price band for “fort richmond” (Detached na bahay (hindi 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: #46111020

Community deep dive

$67K

Median household income

$76K

Average household income

26%

Low income (LIM-AT)

0.3

Income inequality (Gini)

11.9

P90 / P10 ratio

30%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)983
Labour force participation rate53%
Median age29.4
Avg household size2.4
Unemployment rate13%
Population density1068 / km²

Households & income

Low income (LIM-AT, % pop.)26%
Single-person households30%
Couple families with children21%
Median household income (2020)$67K

Housing

Renter households61%
Condominium dwellings8%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority61%
Bachelor's or higher (25–64)54%
Mother tongue (1st)English · 48%
Mother tongue (2nd)Chinese · 16%

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

Mga ranggo

Living Area

karaniwan
1,232 sqft
0255075100
Same streetTop 50%Same areaBottom 44%CitywideTop 47%
Same street · Laval Drive
#29 / 58
Top 50% · Avg 1,264 sqft
Same area · Fort Richmond
#1,473 / 2,629
Bottom 44% · Avg 1,421 sqft
Citywide · Winnipeg
#91,561 / 194,458
Top 47% · Avg 1,342 sqft

Assessed Value

karaniwan
393k
0255075100
Same streetTop 41%Same areaBottom 33%CitywideTop 40%
Same street · Laval Drive
#24 / 58
Top 41% · Avg 389.1k
Same area · Fort Richmond
#1,772 / 2,629
Bottom 33% · Avg 435.7k
Citywide · Winnipeg
#78,073 / 194,458
Top 40% · Avg 390.1k

Taon ng Paggawa

karaniwan
1965
0255075100
Same streetTop 31%Same areaBottom 20%CitywideBottom 47%

Lupa

lampas sa average
7,167 sqft
0255075100
Same streetTop 10%Same areaTop 31%CitywideTop 16%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

55 Laval Drive — 3 amenities found within 500 m, across 2 categories, including 1 parks (nearest 345 m).

Search radius
🌳Parks1
Worship2

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%

Kasaysayan ng Benta

Naibenta 7/2024CA$450k–500k
Presyo ng benta

Parehong kalye

Top 7%

Parehong lugar

Top 14%

Buong lungsod

Top 21%

Related homes

Mga tampok at karaniwang tanong: 55 Laval Drive, Winnipeg

Property Overview: 55 Laval Drive, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Fort Richmond home is a classic one-storey bungalow built in 1965, presenting a practical and straightforward living opportunity. Its key appeal lies in its generous, above-average lot size of over 7,100 sqft, offering more outdoor space than most homes on its street and across Winnipeg. The home itself features a renovated basement and a detached garage, with a living area that is comfortably average for the neighborhood. Recent sales data indicates strong market activity on Laval Drive.

Its value proposition is grounded in space and location rather than modern luxury. It suits buyers looking for a solid entry point into a established neighborhood, or those seeking a larger yard for gardening, pets, or future expansion. It would also appeal to a practical buyer who values a renovated basement as a ready-made family or recreational space, and who prefers the simplicity and accessibility of single-level living. A less obvious perspective is that a home of this vintage on a large lot in a mature area often holds long-term value not just for the house, but for the land itself.

Section 2: Frequently Asked Questions

1. How does the property’s size compare to others?
The 1,232 sqft living area is typical for the area, but the 7,167 sqft land area is a standout feature, placing it in the top 10% of lots on Laval Drive.

2. What is the significance of the assessed value?
The assessed value is a municipal valuation for tax purposes, not market price. At $39,300, it is around average for the street but below the average for the wider Fort Richmond area, which may be a point of discussion regarding property taxes.

3. What does the sold price history indicate?
The home sold in July 2024 for an estimated $44,500-$47,500. This recent sale, at a price above its assessed value, suggests a active and competitive market for homes on this street.

4. Who might this home not be suitable for?
It may not suit buyers seeking a modern, open-concept layout or extensive recent upgrades throughout the main floor, given its 1965 construction. Those prioritizing a newer home or an attached garage might also look elsewhere.

5. Are there any obvious concerns with the property’s age?
Being 61 years old, prospective buyers should pay special attention to the condition of major aging components during an inspection, such as the roof, foundation, plumbing, and electrical systems, even with a renovated basement.

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