59 Mcmasters Road

Fort Richmond, Winnipeg

Property score

79.4

Good

Overall 79.4 · Larger but older than most nearby homes

1,721 sqft (top 22%) · Built in 1965 (7 yrs older than avg)

Located in a above-average income area with median household income of ~85k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 2 place of worships nearby

Living Area

Above average

21% larger than neighborhood avg.

Year Built

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 55%Chinese · 9%

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

79.4 is composed by the two sections below.

Property Score

79.2Good
Living Area1,721 sqft86Excellent
Year Built196546Low
Lot Size10,088 sqft97Excellent
Neighbourhood Sales Activity78Good

Community Score

79.6Good
Household Income79Good
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

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: #46111012

Community deep dive

$85K

Median household income

$87K

Average household income

16%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

17%

Single-person households

23%

Families with children

Population, labour & age

Population (2021)745
Labour force participation rate61%
Median age32.8
Avg household size2.9
Unemployment rate9%
Population density3239 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households17%
Couple families with children23%
Median household income (2020)$85K

Housing

Renter households21%
Condominium dwellings4%
Median dwelling value (owners)$368K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority50%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Chinese · 8%

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

Rankings

Living Area

above average
1,721 sqft
0255075100
Same streetTop 17%Same areaTop 22%CitywideTop 20%
Same street · Mcmasters Road
#6 / 36
Top 17% · Avg 1,395 sqft
Same area · Fort Richmond
#569 / 2,629
Top 22% · Avg 1,421 sqft
Citywide · Winnipeg
#39,104 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
433k
0255075100
Same streetTop 11%Same areaTop 38%CitywideTop 31%
Same street · Mcmasters Road
#4 / 36
Top 11% · Avg 399.7k
Same area · Fort Richmond
#1,004 / 2,629
Top 38% · Avg 435.7k
Citywide · Winnipeg
#61,069 / 194,458
Top 31% · Avg 390.1k

Year Built

above average
1965
0255075100
Same streetTop 25%Same areaBottom 20%CitywideBottom 47%

Lot Size

Elite
10,088 sqft
0255075100
Same streetTop 3%Same areaTop 9%CitywideTop 6%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

59 Mcmasters Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 494 m), 1 parks (nearest 309 m).

Search radius
🏫Education1
🌳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%

Sales History

Sold 1/2018CA$350k–400k
Sold price

Same street

Bottom 35%

Same area

Bottom 31%

City-wide

Top 46%

Related homes

Highlights & common questions: 59 Mcmasters Road, Winnipeg

59 McMasters Road – Overall Take

If you had to sum this home up in one sentence, it would be this:

It’s not about being new or fully renovated — it’s about location, land, and structure.


First, the conclusion

This is a typical University of Manitoba area home that works for both living and rental, but it stands a bit above the usual student property because it has a stronger foundation overall.


How the home feels

The living area is 1,721 sqft, which is above average both on the street and within Fort Richmond. It’s not a compact home — whether for living or renting, the space feels more comfortable and flexible.

The home was built in 1965, and that needs to be accepted upfront. In this neighborhood, it’s not unusual, as many homes are from a similar era. Still, it is an older property, so maintenance and potential system updates are part of the reality.


What really stands out

The most interesting part of this property is the lot.

At 10,088 sqft, it ranks at the very top on the street (Top 3%), is clearly above average in Fort Richmond, and falls within the top tier citywide (Top 6%).

This is not just “slightly bigger” — it is genuinely rare for the area.

Most homes here rely on location alone. This one has:

  • Location
  • Plus a large lot

That combination is not common.


Value positioning (important)

Looking at the assessed value, it ranks higher on the street, but sits around the middle within the area and citywide.

What this suggests is:

It’s not an underpriced “deal,” but it’s also not inflated. The pricing generally aligns with what the property offers, making it a balanced value rather than a speculative one.


How to think about its use

This home really has two different ways to look at it:

As a primary residence

It suits buyers who:

  • Want to live near the University of Manitoba
  • Prefer more interior space
  • Value having a larger yard

But you need to be comfortable with owning an older home.


As a rental property

This is more straightforward:

  • Close to the University of Manitoba
  • Multiple bedrooms (6 total)
  • Adequate living space

It fits well into the typical student rental model, but with an advantage — the larger lot and overall size give it more flexibility and long-term potential than standard rental homes.


Final thought

The core of this property is not about being new or visually impressive. It’s about this:

In a strong rental area, it offers a large lot and a solid amount of space.

If you’re looking for a polished, move-in-perfect home, this is not the best fit.
But if you want something with space, flexibility, and long-term potential, while still supporting rental use, this is worth serious consideration.

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