Property score
51.4
Fair
Overall 51.4 · Smaller and older than most nearby homes
700 sqft (bottom 1%) · Built in 1938 (34 yrs older than avg)
Located in a above-average income area with median household income of ~72k
Transit 92.0 · 4-min walk to transit with 9 nearby routes · Within 500m: 1 school, 1 park, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
51% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 53%Chinese · 15%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
51.4 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: #46111010
$72K
Median household income
$106K
Average household income
18%
Low income (LIM-AT)
0.4
Income inequality (Gini)
6.4
P90 / P10 ratio
34%
Single-person households
10%
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
635 Pasadena Avenue — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 421 m), 1 parks (nearest 422 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 9% | Bottom 6% | Bottom 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 3% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 635 Pasadena Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1938, offering a unique proposition centered on its land. With 700 sqft of living space, it is among the smallest homes in its neighborhood, city, and even on its own street. The basement exists but is unrenovated, and the property has no garage or pool. Its assessed value is notably low compared to city-wide averages.
The primary appeal lies in its substantial 7,560 sqft lot, which ranks well above average for Winnipeg. This presents a clear value in land ownership. The very low annual property taxes, reflected by the low assessment, are a significant financial consideration. This property suits a specific buyer: someone looking for a land-hold opportunity, a builder or investor planning a new build (subject to zoning), or a hands-on buyer seeking an extremely affordable entry into the market who is comfortable with a major renovation or rebuild project. It is not a move-in-ready home, but a foundation for future potential.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the existing structure's market value. Given the home's small size, age, and lack of renovation, the structure contributes very little to the total assessment. The value is largely in the land itself.
2. Is this a teardown property?
While the existing home is livable, its characteristics (very small, older, unrenovated basement) and the appeal of the large lot make it a prime candidate for eventual redevelopment. Any buyer should investigate current zoning bylaws and development plans with the City of Winnipeg before purchasing with this intent.
3. What are the major ongoing costs?
The most notable cost is the annual property tax, which will be very low due to the low assessed value. This is a key financial advantage. Buyers should budget for typical utilities and maintenance, with the understanding that an older home may have higher upkeep costs.
4. Who would this property not suit?
It would not suit buyers looking for a modern, turn-key home, those who need ample indoor living space, or anyone requiring a garage. It is also likely not ideal for those unwilling to manage a significant renovation or construction project in the future.
5. The sales history shows prices around $25k-$30k. Is that accurate?
The displayed ranges are estimates based on public data. For the exact sale prices, you must request the information via the provided email service. This step is necessary due to the way certain sale data is recorded in Manitoba.
