74.1
Good
Property score
74.1
Good
Overall 74.1
Compared with neighbourhood average
1,317 sqft (top 45%)
Built in 1973 (1 yr newer than avg)
Located in a high-income area
with median household income of ~89k
Transit 62.0
2-min walk to transit with 1 nearby route
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
7% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 46%Chinese · 14%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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74.1 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” (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: #46110944
$89K
Median household income
$94K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
20%
Single-person households
24%
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
74 Newcastle Road — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 170 m), 2 parks (nearest 186 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 37% | Bottom 47% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 74 Newcastle Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical and comfortable living proposition. Its key characteristic is balance: with 1,317 sqft of living space and a 7,034 sqft lot, it sits comfortably around the average for its immediate area, offering ample room without being excessive. The home’s standout feature is its above-average assessed value relative to its peers, ranking in the top 21-29% across various comparisons, which suggests it may offer finishes, condition, or location advantages not fully captured by square footage alone. A significant, renovated basement adds functional living space. The property also benefits from substantial garage parking with both attached and detached options.
Its appeal lies in its established neighbourhood setting, with a build year (1973) that is among the newest on its street. The combination of a generous lot size—which is above average city-wide—and the dual garage setup is ideal for families needing space for vehicles, storage, or hobbies. This home would suit practical buyers looking for a move-in ready, single-level layout in a mature area, particularly those who value private outdoor space and plentiful parking over a brand-new build. It’s a solid choice for first-time homeowners seeking a foothold in the market or downsizers wanting a manageable property without sacrificing yard space.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is $450k, which places the property in the top tier for its area. Market conditions, the home’s updated condition, and buyer demand will ultimately determine the final sale price, but this assessment indicates a strong municipal valuation.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income potential.
3. What are the annual property taxes?
Taxes are not listed but can be estimated using the $450k assessed value and Winnipeg’s current mill rate. Consulting the city’s tax calculator or a real estate agent will provide an accurate figure.
4. Why does a one-storey home have both an attached and a detached garage?
This less common setup offers significant flexibility. It could provide dedicated workshop space, secure parking for multiple vehicles, or separate storage, which is a major asset for hobbyists or families with several drivers.
5. How does the lot size impact future potential?
At over 7,000 sqft, the lot is larger than the Winnipeg average. This not only provides generous private outdoor space but could also offer future potential for additions, such as a sunroom or expanded deck, subject to local zoning bylaws.
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