Property score
62.7
Fair
Overall 62.7 · Smaller than most nearby homes
1,022 sqft (bottom 15%) · Built in 1970 (2 yrs older than avg)
Located in a average-income area with median household income of ~58k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 2 schools, 1 healthcare facility, and 2 shops nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
2 yrs older 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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62.7 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
59 Loyola Bay — 20 amenities found within 500 m, across 6 categories, including 11 dining (nearest 422 m), 2 education (nearest 311 m), 1 healthcare (nearest 485 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 32% | Bottom 12% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 7% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 59 Loyola Bay, Fort Richmond
Key Characteristics & Buyer Appeal
This one-storey home in Fort Richmond is defined by its exceptional lot size. At nearly 11,700 square feet, the property offers a rare amount of private outdoor space for the area, ranking in the top 3% on its own street and top 4% city-wide. This is the home's most distinctive feature, presenting significant potential for gardening, recreation, or future expansion. The house itself is a manageable 1,022 sqft with a renovated basement and an attached garage. Built in 1970, it is slightly newer than many immediate neighbours. While the living space is modest compared to the broader city average, its assessed value is strong for the immediate street, suggesting the land itself is a major driver of its worth.
The appeal lies in a unique combination: a low-maintenance, single-level living layout paired with a substantial, premium-sized lot rarely found in mature neighbourhoods. It suits practical buyers looking for a solid starter home or downsizers who want main-floor living without sacrificing yard space. It would also attract value-oriented investors or renovators who see the long-term potential in a property where the land asset significantly outpaces the size of the current structure.
Frequently Asked Questions
1. Is the lot size unusual for Winnipeg?
Yes. A land area of 11,693 sqft is considered elite city-wide (top 4%), especially within a established neighbourhood like Fort Richmond. Most standard lots are between 5,000-7,500 sqft.
2. How does the home’s size compare to the neighbourhood?
The living area (1,022 sqft) is above average for Loyola Bay street but below the average for the wider Fort Richmond area. This indicates the home may be more compact than others in the neighbourhood, but is one of the larger options on its specific block.
3. What does the assessed value tell us?
With an assessed value of $40.50k, the property ranks very high (top 6%) on its street but closer to average for Fort Richmond and city-wide. This often signals that the property—likely due to its large lot—is valued more highly than its immediate neighbours, but is in line with broader market norms.
4. Has the property’s value been stable?
Based on available sold price ranges, the property sold in 2019 for between $27.5k-$32.5k. The current assessed value of $40.50k suggests a notable increase since that last sale, though a professional appraisal would be needed for a precise current market value.
5. What are the less obvious considerations?
The "renovated basement" adds liveable space but the home remains a compact bungalow. Buyers should weigh the premium for the large lot against the potential future costs of updating or expanding the existing structure to fully utilize the property's potential. The lot is the standout feature, not the home's size.
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