Property score
49.1
Below average
Overall 49.1 · Smaller and older than most nearby homes
660 sqft (bottom 1%) · Built in 1944 (28 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
54% smaller than neighborhood avg.
Year Built
Below average
28 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
49.1 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
641 Pasadena Avenue — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 418 m), 1 parks (nearest 395 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 6% | Bottom 4% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This one-storey home at 641 Pasadena Avenue in Fort Richmond presents a distinct profile. Its primary appeal lies in the significant contrast between its modest, dated living space and its generous, above-average lot size. Built in 1944, the 660 sqft house has a basement that is noted as not being renovated, a detached garage, and no pool. The assessed value is notably low compared to city-wide averages, reflecting the home's condition and smaller footprint.
Key Characteristics & Ideal Buyer
The defining characteristic of this property is its land. With a lot of over 7,500 sqft, it ranks in the top 20% within its neighborhood and top 13% city-wide for land area. This is a substantial parcel, especially when contrasted with the home itself, which is among the smallest in its immediate area and city for living space. The appeal here is fundamentally for a buyer who sees potential in the land itself or is willing to undertake a significant renovation or rebuild project. The low assessed value and last sold price indicate an entry point that is accessible for a strategic investor or a hands-on homeowner.
This property would best suit a value-driven buyer, such as a builder looking for a infill opportunity, or a pragmatic first-time buyer or downsizer with a long-term vision. This buyer would be less concerned with move-in-ready finishes and more focused on the underlying asset—the large lot in an established neighborhood—and the freedom to customize or expand over time. It’s a property that trades immediate convenience for long-term potential and requires a perspective that sees beyond its current state.
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's specific attributes: its very small living area (660 sqft), its age (1944), and the fact that key areas like the basement are unrenovated. The valuation is based on the property in its current state, not its potential.
2. What can be done with such a large lot?
The lot size is the property's standout feature. It provides ample space for significant expansion of the existing home, the possibility of adding a detached structure (subject to zoning), or simply enjoying a much larger yard than is typical in the city. For a builder, it may be suitable for a teardown and new construction.
3. Is this a good "starter home" as it is?
It could be for a very budget-conscious buyer who prioritizes low entry cost and land size over interior space and modern amenities. The small, older living space and unrenovated basement mean the buyer should be prepared for functional limitations and likely need to invest in updates.
4. How does the property compare to its direct neighbors?
The data shows it is an outlier on its own street. It has one of the smallest living areas and oldest construction dates on Pasadena Avenue, but its lot size is larger than most of its immediate neighbors.
5. What are the main considerations for a renovation?
Any serious renovation would need to address the age and size of the structure. Modernizing mechanical systems, improving insulation, and likely expanding the footprint would be key priorities. The unrenovated basement presents both a challenge and a blank slate for adding livable space.
