71.7
Good
Property score
71.7
Good
Overall 71.7
Compared with neighbourhood average
1,274 sqft (top 50%)
Built in 1973 (1 yr newer than avg)
Located in a high-income area
with median household income of ~89k
Transit 62.0
2-min walk to transit with 1 nearby route
Within 500m: 1 school, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 46%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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71.7 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: #46110944
$89K
Median household income
$94K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
20%
Single-person households
24%
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
70 Newcastle Road — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 187 m), 3 parks (nearest 202 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 | Top 26% | Top 29% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 70 Newcastle Road in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1973, the 1,274 sqft house sits on a 6,412 sqft lot and features an attached garage and a renovated basement. Its most compelling characteristic is its assessed value, which ranks in the top tier for its immediate street and above average for the wider area, suggesting strong value retention. While the living space is average for the locale, the updated basement adds functional space. The lot size is smaller than others on Newcastle Road but remains above the citywide average, offering a manageable yard. This property suits first-time buyers seeking a move-in-ready home with modernized basics, or downsizers looking for single-level living without a sprawling property to maintain. Its appeal lies in its financial positioning—offering above-average value in a stable area—coupled with the low-maintenance convenience of a bungalow and recent updates.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, the presence of a proper egress, and whether it includes a bathroom or kitchenette to understand its full utility and value.
How does the smaller lot size impact the property?
While the lot is smaller than most on its street, it is still above the Winnipeg average. This typically means less yard maintenance, which can be a benefit for many, but may limit expansion possibilities or the desire for extensive landscaping.
The assessed value is ranked highly. Does that correlate with the selling price?
A high assessment relative to neighbours often indicates the property is in good condition or has desirable features, and can be a positive signal for value. However, the final sale price is determined by the market. The home last sold in May 2024 for between $405,000 and $435,000.
Is the home's 1973 build date a concern?
The year built is average for Fort Richmond. While the major systems (roof, wiring, plumbing) are likely updated or due for inspection due to the home's age, the renovated basement suggests some modernization. A thorough inspection is always recommended for homes of this era.
What is the neighbourhood like?
Fort Richmond is a mature, family-friendly neighbourhood near the University of Manitoba. It offers a mix of residential streets, schools, and local amenities. The proximity to the university provides access to facilities and can be attractive to staff, students, or those seeking a stable community.
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