Property score
71.5
Good
Overall 71.5 · Older than most nearby homes
1,186 sqft (bottom 34%) · Built in 1966 (6 yrs older than avg)
Located in a high-income area with median household income of ~113k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 64%Chinese · 6%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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71.5 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: #46111013
$113K
Median household income
$124K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.0
P90 / P10 ratio
20%
Single-person households
30%
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
701 Patricia Avenue — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 260 m), 2 parks (nearest 121 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 26% | Bottom 23% | Top 50% |
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 701 Patricia Avenue in Fort Richmond presents a practical and comfortable living opportunity. Its key appeal lies in its balance of a renovated basement and a manageable, single-level layout within a mature neighbourhood. The home sits on a lot that is slightly more compact than others on the street, which can mean less yard maintenance. With living space and assessed value consistently ranking around the average for the area, it represents a stable, mid-market option. The detached garage adds functional storage or workshop space.
This property would suit first-time buyers seeking a solid starter home with some updates already complete, or downsizers looking for a bungalow-style layout without the need for extensive stairs. Its average metrics suggest it’s a straightforward property without extreme highs or lows, ideal for someone seeking value and livability over premium size or luxury.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope (e.g., flooring, ceilings, bathroom, legal suite) is not detailed. This would be a key point to clarify with the seller or agent to understand the finish quality and potential uses.
How does the lot size impact the property?
At 5,826 sqft, the lot is below average for both Patricia Avenue and Fort Richmond. This typically translates to a smaller backyard, which could be a positive for those wanting lower maintenance, but a consideration for those desiring extensive outdoor space or future expansion.
Is the assessed value a reliable indicator of the selling price?
The assessed value ($40.40k) is for municipal tax purposes and is historically much lower than market value in Winnipeg. Recent sold price ranges for similar homes on the street (from $31.5k to $34.5k in 2017) are also not reflective of current market conditions. A professional market evaluation is essential.
What are the implications of the home's age?
Built in 1966, the home is of a common vintage for the area. While the basement has been renovated, the age suggests potential attention may be needed to major original components like the roof, windows, or plumbing systems in the main house. A thorough inspection is advised.
How does this home compare to others on the street?
The data shows this home is very typical for Patricia Avenue. Its living area, year built, and assessed value are all around the neighbourhood average. This indicates you are getting a standard home for the street, not an outlier, which can provide peace of mind regarding value and community fit.
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