Property score
47.1
Below average
Overall 47.1 · Smaller but newer than most nearby homes
725 sqft (bottom 28%) · Built in 1977 (3 yrs older than avg)
Located in a average-income area with median household income of ~48.4k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 13 dining spots, 2 healthcare facilitys, 4 shops, and 3 parks nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
3 yrs older than neighborhood avg.
Mother tongue
English · 44%Chinese · 8%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
434
159.2k
$183/sqft
1980
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47.1 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” (Condos, 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: #46111138
$48K
Median household income
$61K
Average household income
34%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
40%
Single-person households
18%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
704-3030 Pembina Highway — 30 amenities found within 500 m, across 8 categories, including 13 dining (nearest 128 m), 2 healthcare (nearest 129 m), 4 shopping (nearest 132 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 1% | Bottom 1% | Bottom 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 10% | Bottom 7% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview: 704-3030 Pembina Highway
Section 1: Key Characteristics & Appeal
This is a 725 sqft condo apartment in Fort Richmond, built in 1977. Its defining characteristic is its exceptionally low assessed value, which ranks in the bottom 5% of similar properties city-wide. This translates to very low property taxes, a significant and ongoing financial advantage. The living space is modest and below average in size for the area, positioning this as a pragmatic, entry-level property.
The appeal lies squarely in affordability and location. It offers a foothold in a well-established neighbourhood near the University of Manitoba, with the convenience of a major transit corridor on Pembina Highway. It suits budget-conscious first-time buyers, investors seeking a low-cost rental property with a favourable tax burden, or downsizers prioritizing minimal carrying costs over space. A less obvious perspective is its potential as a "financial basecamp"—a ultra-low-cost ownership option that frees up income for other investments or life expenses. It’s a practical choice, not a luxury one.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other condos?
Extremely low assessments are often tied to specific factors like the unit's size, location within the building, and the overall financial health (reserve fund) and maintenance status of the condominium corporation. It warrants a careful review of the condo documents.
2. What are the condo fees, and what do they cover?
This is the critical next question. The listed price and taxes are only part of the cost. Understanding the monthly condo fee and what it includes (heat, water, building insurance, etc.) is essential to gauge true affordability and value.
3. How does the 1977 build year affect the unit?
While the building is older, its systems and common elements may have been updated over time. The condition of in-suite features like windows and plumbing, as well as the age of major building components like the roof and elevators, should be investigated.
4. What is the noise level like facing Pembina Highway?
Units on Pembina Highway experience traffic noise. The impact depends on the floor level, window quality, and personal sensitivity to sound. This is a key consideration for livability.
5. What do the recent sale prices indicate?
The historical sale price ranges show the unit has transacted at values consistent with its low assessment. This pattern suggests the market consistently views this as a budget-oriented property, not one undergoing rapid appreciation.
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