Property score
61.2
Fair
Overall 61.2 · Smaller than most nearby homes
1,073 sqft (bottom 21%) · Built in 1970 (2 yrs older than avg)
Located in a average-income area with median household income of ~58k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 1 shop, 1 park, and 1 sports facility nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 42%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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61.2 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: #46110945
$58K
Median household income
$68K
Average household income
30%
Low income (LIM-AT)
0.3
Income inequality (Gini)
6.8
P90 / P10 ratio
22%
Single-person households
27%
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
7 Lafayette Bay — 6 amenities found within 500 m, across 5 categories, including 2 education (nearest 335 m), 1 shopping (nearest 443 m), 1 parks (nearest 459 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 27% | Bottom 17% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Lafayette Bay, Fort Richmond
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical, no-fuss property built in 1970. Its key appeal lies in its straightforward layout, recently renovated basement, and a land size that, while modest for the immediate area, is actually above average city-wide at over 6,200 sqft. The living space of 1,073 sqft is typical for the street but offers a manageable footprint.
The home’s assessed value positions it as a more accessible entry point within its neighbourhood, suggesting potential for buyers comfortable with a property that may benefit from personal updates. It suits first-time buyers, downsizers looking for a single-level living option, or investors seeking a rental property in a established area. The appeal is grounded in practicality rather than luxury—it’s a home that offers space and location without the premium price tag of larger or fully modernized houses in the area. A thoughtful perspective is that the generous lot provides a blank canvas for gardening, expansion, or simply enjoying more outdoor space than many city properties offer, while the renovated basement adds immediate functional living area.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is below the average for both Lafayette Bay and the wider Fort Richmond area, indicating it could be a competitively priced option in this location.
2. Is the lot size a pro or a con?
While the lot is smaller than others on the street, it is larger than the typical Winnipeg residential lot. This means less yard maintenance than a larger property but more private outdoor space than many city homes.
3. What does “renovated basement” typically mean here?
In a home of this era, a renovated basement often means it has been finished into a livable space, such as a rec room or additional bedroom. It’s advisable to confirm the scope, permits, and finish quality of the renovation.
4. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with recent top-to-bottom updates, or those requiring significant garage or on-site parking, as the listing notes no garage.
5. How stable is the neighbourhood?
Fort Richmond is a long-established neighbourhood near the University of Manitoba. The consistent year-built data for the street (around 1970) suggests a stable, mature community with well-understood property values.
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