Property score
82.9
Excellent
Overall 82.9 · Newer than most nearby homes
1,518 sqft (top 33%) · Built in 1974 (2 yrs newer than avg)
Located in a high-income area with median household income of ~156k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Near average
7% larger than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 76%Chinese · 7%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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82.9 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: #46110940
$156K
Median household income
$276K
Average household income
9%
Low income (LIM-AT)
0.4
Income inequality (Gini)
5.0
P90 / P10 ratio
3%
Single-person households
32%
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 Michigan Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 370 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 25% | Top 27% | Top 28% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 46% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Michigan Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical opportunity. Built in 1974, it features 1,518 sqft of living space and sits on a generous 6,594 sqft lot, which is above average for Winnipeg. A key update is its renovated basement, adding functional living space. The home includes a detached garage.
Its primary appeal lies in its value and location context. While the living area is modest for its immediate street, the property holds its own well within the broader Fort Richmond neighbourhood and city-wide comparisons, particularly in assessed value and land size. This creates a scenario where you may be acquiring a solidly positioned asset in a desirable area, without paying a premium for the largest house on the block. It suits buyers looking for a manageable, single-level layout with a renovated lower level, who value a larger yard and see potential in a home that performs strongly against wider market averages, even if it’s not the biggest on its street.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
While the living area (1,518 sqft) is below the average for Michigan Avenue itself, it is notably above the average for the entire City of Winnipeg. Within the Fort Richmond neighbourhood, it sits right around the average, making it a typically sized home for the area.
2. What does the assessed value tell me?
The current assessed value of $450k is above average for both Fort Richmond and Winnipeg overall. This suggests the property is viewed as a substantial asset relative to many others, though it is below the average for its specific street.
3. Has the property value increased?
Based on available sold price data, the home sold for between $405k-$435k in mid-2024 and between $365k-$395k in early 2018. This indicates a trend of increasing value over that six-year period.
4. What is the significance of the lot size?
The lot of 6,594 sqft is a standout feature, ranking above average city-wide. This offers more outdoor space than many Winnipeg homes, providing room for gardening, recreation, or future expansion.
5. What are the implications of the “renovated basement”?
While the details of the renovation are not specified, this indicates the lower level has been updated for modern use. It’s important to clarify the scope of work, the quality of finishes, and whether any permits were obtained to fully understand the value it adds.
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