Property score
64.8
Fair
Overall 64.8 · Smaller than most nearby homes
1,108 sqft (bottom 25%) · Built in 1971 (1 yr older than avg)
Located in a average-income area with median household income of ~58k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 3 schools, 1 shop, and 1 park nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Near average
1 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
64.8 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
71 Lafayette Bay — 5 amenities found within 500 m, across 3 categories, including 3 education (nearest 363 m), 1 shopping (nearest 465 m), 1 parks (nearest 406 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 27% | Top 46% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
71 Lafayette Bay is a well-maintained, one-storey home in Fort Richmond, built in 1971. With 1,108 sqft of living space and a renovated basement, it sits on a 6,371 sqft lot. The home lacks a garage or pool. Its assessed value is $37,300, and it last sold in July 2023 for an estimated $36,500–$39,500.
Key Characteristics & Appeal
This home presents a practical opportunity in a mature neighbourhood. Its key appeal lies in its balance of space, condition, and value. The living area is very competitive for its immediate street and the home benefits from a renovated basement, adding functional space. While the assessed value is below average for Fort Richmond, this can indicate a potentially accessible entry point into the area.
The lot size is a notable feature—it's above average city-wide, offering good outdoor space relative to many Winnipeg homes, though it is slightly smaller than others on Lafayette Bay. The 1971 build date is newer than most on its street, suggesting potentially fewer immediate concerns than some older homes in the area.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a established community. It’s a home for those who value interior updates (like the basement) and yard space over features like a garage. The price positioning suggests it's for the value-conscious buyer comfortable with a home that may be simpler in its offerings but solid in its fundamentals.
Frequently Asked Questions
1. Is the below-average assessment for the area a concern?
Not necessarily. A lower assessment can mean lower property taxes. It often reflects the home’s specific characteristics (like the lack of a garage) compared to neighbourhood averages, not necessarily its condition or livability.
2. How does the lack of a garage affect daily life here?
It means relying on driveway parking and street parking for guests. For some buyers, this is a worthwhile trade-off for the price point and lot size. It’s important to consider vehicle storage and winter preparedness.
3. What does "renovated basement" typically imply for a 1971 home?
It usually means finished living space, but the scope and quality of renovations can vary. It’s essential to clarify what was updated (e.g., flooring, walls, electrical) and whether any necessary moisture-proofing or structural work was completed.
4. The home is newer than most on the street. What are the pros and cons?
A pro is potentially newer major components, like plumbing or wiring. A con is that its architectural style and layout might be simpler compared to older, sometimes more character-filled homes. It represents a pragmatic, no-frills era of construction.
5. How does the lot size compare, and what does it offer?
While smaller than some on its street, the lot is still generous by city standards. It provides good private outdoor space for gardening, play, or entertaining, which is a significant asset not found in many newer subdivisions.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
