60.7
Fair
Property score
60.7
Fair
Overall 60.7
Smaller than most nearby homes
1,004 sqft (bottom 13%)
Built in 1972
Located in a average-income area
with median household income of ~58k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 16 dining spots, 2 schools, 2 healthcare facilitys, and 4 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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
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60.7 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: #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 Magdalene Bay — 33 amenities found within 500 m, across 9 categories, including 16 dining (nearest 341 m), 2 education (nearest 316 m), 2 healthcare (nearest 444 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 24% | Bottom 11% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Magdalene Bay, Fort Richmond, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Fort Richmond is a practical, no-frills property built in 1972. Its key characteristic is its value-oriented positioning. With 1,004 sqft of living space and a recently renovated basement, it offers functional living in a well-established neighborhood. The home sits on a standard 5,497 sqft lot and does not include a garage or pool.
The primary appeal lies in its affordability and lower maintenance footprint, underscored by an assessed value that is below average for its immediate street and neighborhood, yet around the city-wide average. This suggests it represents a more accessible entry point into the Fort Richmond area. A thoughtful perspective is that while the living space is modest compared to local averages, the renovated basement effectively adds usable square footage, enhancing its livability beyond the main floor measurement.
This property would best suit first-time homebuyers seeking an affordable starter home, downsizers looking for a manageable single-level layout, or value-focused investors interested in the Fort Richmond rental market. Its unassuming profile is for those prioritizing location and budget over premium size or modern amenities.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is a key data point for taxes, market conditions ultimately determine sale price. This home’s assessed value is below the local street average, which can be an attractive starting point for negotiations.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finish, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
3. How does the lack of a garage impact daily life and resale?
For this area and price point, the absence of a garage is common. Buyers should plan for street parking or consider the cost and feasibility of adding a driveway or carport. This feature does keep the property affordable but may be a consideration for future resale.
4. The home is described as "below average" in size for the area. How significant is this?
The living area is smaller than many homes in Fort Richmond. However, its ranking is stronger on its own street, indicating it’s more typical for Magdalene Bay. The renovated basement helps offset the main floor square footage.
5. The home last sold in 2020. Why might it be back on the market?
A five-year ownership period is not unusual. Reasons can range from a life change (upsizing, downsizing, relocation) to the completion of the basement renovation as a value-add project. A title search and disclosure from the seller will provide clarity.
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