Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Pembina Highway): Below Average. Ranked #953 out of 1,121 (Bottom 15%). The street average for comparable homes is 1,031 sqft.
Neighborhood Level (Fort Richmond): Below Average. Ranked #473 out of 653 (Bottom 28%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #22,649 out of 26,841 (Bottom 16%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Pembina Highway): Below Average. Ranked #1,057 out of 1,121 (Bottom 6%). The street average for comparable homes is 221.4k.
Neighborhood Level (Fort Richmond): Below Average. Ranked #589 out of 653 (Bottom 10%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,345 out of 26,841 (Bottom 6%). The citywide average for comparable homes is 276.9k.
Street Level (Pembina Highway): Below Average. Ranked #689 out of 1,121 (Bottom 39%). The street average for comparable homes is 1987.
Neighborhood Level (Fort Richmond): Around Average. Ranked #184 out of 653 (Top 28%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #18,777 out of 26,841 (Bottom 30%). The citywide average for comparable homes is 1990.
Fort Richmond market pulse
How to read: Share of sales in each ~$50k price band for “fort richmond” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
604-3030 Pembina Highway — 30 amenities found within 500 m, across 8 categories, including 13 dining (nearest 128 m), 2 healthcare (nearest 129 m), 4 shopping (nearest 132 m).
Crime & safety
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Related homes
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Is this home right for you?
Property Overview: 604-3030 Pembina Highway, Fort Richmond
Section 1: Key Characteristics & Appeal
This is a 725 sqft condo apartment in a well-established 1977 building on Pembina Highway. Its defining characteristic is its exceptionally low assessed value, which ranks in the bottom 10-15% compared to similar properties on its street, in Fort Richmond, and across Winnipeg. The living space is also modest, ranking below average for its peer group. The building itself is older but compares favorably in age to many other condos in the immediate Fort Richmond area.
The primary appeal lies in its accessibility as a true entry-point into homeownership. The very low property taxes resulting from the low assessment are a significant, ongoing financial benefit. It suits pragmatic first-time buyers, investors seeking a low-cost rental property with a stable tenant pool (likely students or young professionals from the nearby University of Manitoba), or downsizers prioritizing minimal carrying costs over space. A less obvious perspective is that a unit with these metrics may offer more negotiation flexibility or potential for value growth through interior updates, as the price is not inflated by premium finishes or square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for condos?
Assessed value is based on market value and comparable sales. This lower assessment reflects the unit’s smaller size, building age, and likely its specific location within the building and condition relative to the broader market.
2. What are the monthly condo fees, and what do they include?
This information is not provided in the public data. A buyer must request the condo corporation’s financial statements, bylaws, and reserve fund study from the listing agent to understand the fees, their trend over time, and what amenities (like heat, water, or building maintenance) they cover.
3. How does being directly on Pembina Highway impact livability?
This is a key consideration. Units facing the highway will experience consistent traffic noise. This trade-off for lower cost may be acceptable for some, but it’s crucial to visit at different times of day. Rear-facing units in the same building could be significantly quieter.
4. The data shows it sold recently in mid-2024. Why is it back on the market?
A quick resale can be due to many neutral factors, such as a change in the owner’s job, financial situation, or lifestyle. Reviewing the listing history and, during a viewing, asking the seller or agent directly can provide context.
5. As an older building, what should I investigate about its condition?
Focus on the condo corporation’s health. A review of the reserve fund study is essential to see if major repairs (like roofing, windows, or plumbing) are planned and adequately funded. This will indicate whether a special assessment (a large, one-time fee charged to all owners) is likely in the near future.