Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Summerside Avenue): Above Average. Ranked #3 out of 62 (Top 5%). The street average for comparable homes is 857 sqft.
Neighborhood Level (Fort Richmond): Around Average. Ranked #232 out of 653 (Top 36%). The neighborhood average for comparable homes is 894 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #14,837 out of 26,841 (Bottom 45%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Summerside Avenue): Around Average. Ranked #17 out of 62 (Top 27%). The street average for comparable homes is 197.9k.
Neighborhood Level (Fort Richmond): Above Average. Ranked #85 out of 653 (Top 13%). The neighborhood average for comparable homes is 185.3k.
Citywide Level (Winnipeg): Below Average. Ranked #14,493 out of 26,841 (Bottom 46%). The citywide average for comparable homes is 276.9k.
Street Level (Summerside Avenue): Above Average. Ranked #1 out of 62 (Top 2%). The street average for comparable homes is 1979.
Neighborhood Level (Fort Richmond): Above Average. Ranked #98 out of 653 (Top 15%). The neighborhood average for comparable homes is 1980.
Citywide Level (Winnipeg): Below Average. Ranked #16,875 out of 26,841 (Bottom 37%). 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
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
7-955 Summerside Avenue — 49 amenities found within 500 m, across 9 categories, including 28 dining (nearest 96 m), 3 education (nearest 190 m), 4 healthcare (nearest 71 m).
Crime & safety
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 7-955 Summerside Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 948 sqft condominium in Fort Richmond presents a compelling blend of space, value, and established community. Its key characteristic is its above-average living area for both its immediate building and neighbourhood, ranking in the top 5% and top 36% respectively. This means you get more square footage than most comparable units nearby. The home features a renovated basement, adding functional space. Built in 1979, it is among the older units in its building, which often translates to more generous room proportions compared to newer constructions.
The appeal lies in its solid value proposition. With an assessed value of $230k, it sits above average for its street and Fort Richmond, suggesting a well-maintained or desirable unit within its context. It suits practical buyers looking for a spacious condo without a premium high-rise price tag—think first-time homeowners, downsizers seeking a single-level layout with extra basement storage or hobby space, or investors attracted to a stable, university-adjacent neighbourhood. Its rankings indicate you're purchasing a unit that stands out in its immediate peer group for size, a less obvious but valuable form of equity.
Section 2: Frequently Asked Questions
1. What does the "Elite" or "above average" ranking actually mean for a buyer?
These rankings compare this specific unit against similar properties in three circles: its building/street, the broader Fort Richmond area, and citywide. For example, ranking in the top 5% for living area on its street means this unit is larger than 95% of its direct neighbours. It’s a data-driven way to see how the property stacks up in key metrics.
2. The unit was built in 1979. Should I be concerned about maintenance?
While the building is 47 years old, the renovated basement suggests updates have been made. The older build date is balanced by the fact that its assessed value remains strong compared to peers. A thorough review of the condominium corporation's reserve fund study and minutes is essential to understand the building's financial health and any planned major repairs.
3. The last sold price range (2021) is much lower than the current assessed value. Why?
The publicly listed sold price range ($175k-$205k) is from 2021. The current $230k assessed value reflects the market valuation for property tax purposes, which has likely increased since the last sale. For true market value, consult recent comparable sales, which the listing service can provide.
4. Are there other units for sale in the same building?
The listing shows several units at the same address (e.g., 8-955, 9-955), indicating a multi-unit condominium complex. This doesn't mean they are all for sale, but it shows a larger, established community. It’s wise to research the strata/condo fees and rules for the entire complex.
5. How accurate are the "similar assessed value" properties for comparison?
Those properties are matched primarily by municipal assessed value ($230k) across Winnipeg. They are useful for understanding what that valuation can buy in different areas, but they may differ greatly in size, age, and type. For a true comparison, focus on the "Same street" and "Same area" metrics provided.