67.3
Good
Property score
67.3
Good
Overall 67.3
Newer than most nearby homes
1,204 sqft (bottom 40%)
Built in 1974 (2 yrs newer than avg)
Located in a above-average income area
with median household income of ~73.5k
Transit 70.0
7-min walk to transit with 3 nearby routes
Within 500m: 1 school, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
15% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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67.3 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: #46110966
$74K
Median household income
$91K
Average household income
29%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.9
P90 / P10 ratio
11%
Single-person households
25%
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 Valence Avenue — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 434 m), 2 parks (nearest 390 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 9% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
71 Valence Avenue is a well-maintained one-storey home in Fort Richmond, built in 1974. Its key features include a renovated basement and a private pool, set on a spacious 6,380 sqft lot. The home’s living area of 1,204 sqft is modest for the immediate street but aligns with broader city averages. The property’s assessed value consistently ranks above average for both the neighbourhood and Winnipeg overall, suggesting a solid investment in a stable area. Notably, the lot size is larger than most city properties, offering valuable outdoor space.
The appeal lies in its move-in readiness with recent updates, the rarity of a pool in this climate, and the generous, usable yard. It suits first-time buyers looking for a manageable single-level layout, downsizers seeking low-maintenance living without sacrificing space, or anyone valuing a private outdoor oasis for summer. A thoughtful perspective is that while the house itself is average in size, its above-average valuation on a larger lot indicates the premium is placed on land and amenities rather than square footage—a smart buy for those who prioritize outdoor living and future potential over a large interior.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $46.10k. The last known sale was in May 2017 for an estimated $28.50k–$31.50k, indicating significant appreciation in assessed value over seven years. For the exact sale price, you can request the information via email from the listing source.
2. Is the pool a major factor in maintenance and cost?
Yes. While a private pool is a standout luxury in Winnipeg, it requires seasonal opening/closing, regular upkeep, and contributes to higher utility costs in the summer months. It’s a major appeal for some but a consideration for those weighing ongoing maintenance.
3. What are the implications of not having a garage?
The lack of a garage means vehicles are exposed to winter weather, and storage or workshop space must be found within the home or basement. This is a common trade-off in older neighbourhoods and something buyers should plan for.
4. How does the home’s size fit with the neighbourhood?
At 1,204 sqft, the living area is slightly below the average for Valence Avenue itself but is very typical for the wider Fort Richmond area and the city. It’s a comfortable size for a smaller household but may feel compact for larger families.
5. The lot is larger than city average—what are the advantages?
The 6,380 sqft lot (ranked in the top 24% citywide) provides excellent outdoor space for gardening, recreation, and the pool. It also offers greater privacy from neighbours and potential for future expansions, like a garage or deck, subject to local bylaws.
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