Property score
55.0
Fair
Overall 55.0 · Smaller but newer than most nearby homes
804 sqft (bottom 3%) · Built in 1974 (2 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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55.0 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: #46110966
$74K
Median household income
$91K
Average household income
29%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.9
P90 / P10 ratio
11%
Single-person households
25%
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 Valence Avenue — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 226 m), 2 parks (nearest 181 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 37% | Top 41% | Top 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 12% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Valence Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, well-situated bi-level home built in 1974, offering a practical entry point into Winnipeg’s Fort Richmond neighborhood. Its key characteristic is its modest scale, with 804 sqft of living space, making it one of the smaller homes on its street and in the immediate area. However, it comes with a renovated basement and an attached garage, adding functional value. The lot is a comfortable 6,157 sqft, providing ample outdoor space relative to the home's footprint.
The primary appeal lies in its affordability and efficiency. With a historically low assessed value, it represents a genuine opportunity for first-time buyers or investors seeking a lower-cost property in a established, convenient area of the city. It suits buyers who prioritize land size and location over interior square footage, and who are comfortable with a home that requires a creative approach to space utilization. A less obvious perspective is that its smaller size and efficient layout could translate to lower utility costs and less maintenance, appealing to those looking to minimize ongoing expenses. It’s not a sprawling family home, but rather a pragmatic base for individuals, couples, or as a strategic rental investment.
Section 2: Frequently Asked Questions
1. Is the home significantly smaller than others in the area?
Yes. At 804 sqft, the living area is below the average for both Valence Avenue and the wider Fort Richmond neighborhood. This is reflected in its ranking, placing it at the lower end for size on its own street.
2. What does the assessed value indicate about the property?
The assessed value is notably lower than the average on its street and in Fort Richmond, but is close to the city-wide average. This typically suggests the property is valued more for its land and location than for the size or perceived market value of the structure itself.
3. How does the lot size compare?
The lot is a strong feature. At over 6,000 sqft, it is above the city-wide average and provides generous outdoor space, which is a valuable asset even if the home's interior is compact.
4. What can recent sale history tell us?
The home sold in March 2022 and previously in December 2016. The price range from the 2022 sale shows a significant increase over the 2016 sale, indicating appreciation. Exact sold prices are available upon request from the listing service.
5. Who might this property not suit?
It may not suit growing families needing multiple bedrooms and ample living space, or buyers who prioritize a large, modern interior without future renovation plans. Its appeal is targeted toward those comfortable with a cozier layout or who see potential in the renovated basement and sizable lot.
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