Property score
54.8
Fair
Overall 54.8 · Smaller than most nearby homes
804 sqft (bottom 3%) · Built in 1972
Located in a average-income area with median household income of ~58k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 14 dining spots, 2 schools, 1 healthcare facility, and 2 shops nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer than neighborhood avg.
Mother tongue
English · 42%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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54.8 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: #46110945
$58K
Median household income
$68K
Average household income
30%
Low income (LIM-AT)
0.3
Income inequality (Gini)
6.8
P90 / P10 ratio
22%
Single-person households
27%
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
55 Magdalene Bay — 24 amenities found within 500 m, across 6 categories, including 14 dining (nearest 382 m), 2 education (nearest 279 m), 1 healthcare (nearest 442 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 | Top 18% | Top 18% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1972 bi-level home at 55 Magdalene Bay in Fort Richmond presents a compact and efficient living space. With 804 sqft of living area, it is notably smaller than most comparable homes in the area, but this is balanced by a fully renovated basement and an attached garage. The lot size is generous for the city, offering above-average outdoor space. The home’s assessed value is consistent with area averages. Its appeal lies in its manageability and recent updates, offering a lower-maintenance footprint without sacrificing the benefits of a established neighborhood and a good-sized yard. It would suit first-time buyers, downsizers, or investors looking for a practical, updated property in a mature community. A thoughtful perspective is that while the living space is modest, the renovated basement effectively doubles the usable area, and the larger lot provides valuable flexibility for gardening, storage, or future expansion that many newer, denser subdivisions lack.
Frequently Asked Questions
Is the smaller living area a significant drawback?
While the above-ground square footage is below average for the neighborhood, the renovated basement significantly expands the functional living space. This layout can be ideal for those seeking efficient, easy-to-maintain rooms without the feel of a sprawling floor plan.
How does the assessed value compare to likely selling price?
The assessed value of $390k is aligned with local averages. It serves as a baseline for municipal taxes, but the final sale price will be determined by current market conditions, the home’s updated condition, and buyer demand for well-maintained, smaller homes in the area.
What are the implications of the home’s age?
Built in 1972, the home is older than many on its street but typical for Fort Richmond. The age suggests potential for character, mature landscaping, and an established neighborhood feel. The renovated basement indicates some key systems have been addressed, but a thorough inspection is always recommended for a home of this vintage.
Is the lot size a major advantage?
Yes. The 6,483 sqft lot is above average city-wide. This is a key feature, providing ample private outdoor space—a valuable asset for families, pets, or anyone wanting room to breathe, which can be harder to find in newer developments.
What is the neighborhood like?
Located in Fort Richmond, it’s a mature, stable community often associated with convenience to the University of Manitoba, major routes, and amenities. The specific street data shows homes of similar vintage and value, indicating a consistent, established streetscape.
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