71.8
Good
Property score
71.8
Good
Overall 71.8
Older than most nearby homes
1,270 sqft (bottom 48%)
Built in 1963 (9 yrs older than avg)
Located in a above-average income area
with median household income of ~85k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 school, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 55%Chinese · 9%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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71.8 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: #46111012
$85K
Median household income
$87K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
17%
Single-person households
23%
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
740 Townsend Avenue — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 329 m), 1 parks (nearest 151 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 4% | Top 16% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
740 Townsend Avenue is a well-situated one-storey home in Fort Richmond, built in 1963. Its primary appeal lies in a combination of generous outdoor space and a practical, updated layout. The home features 1,270 sqft of living area and a renovated basement, which adds valuable functional space. A key standout is the land size: at over 8,000 sqft, the lot is significantly larger than most in the immediate area, citywide, and across Fort Richmond, offering ample room for gardening, recreation, or future expansion. The detached garage provides additional storage or workshop potential.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It also appeals to value-conscious buyers who see potential in the sizable lot, whether for personal enjoyment or as a long-term asset in a neighbourhood where such large parcels are becoming rare. The home’s metrics suggest it’s a solid, middle-of-the-road offering in terms of assessed value and living space for the area, making it a pragmatic rather than a luxury purchase.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 8,023 sqft lot is a defining feature, ranking in the top 12% on its own street and the top 11% citywide. It is notably larger than the average lot for comparable homes in all measured categories.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically adds liveable square footage, potentially for a family room, home office, or additional bedrooms. It’s a key functional upgrade for a home of this era.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value (40.50k) is for municipal tax purposes. The last known sold price range was 43.50k–46.50k in March 2022. The current market price will be determined by recent sales, condition, and market trends.
4. What are the implications of the home’s age (1963)?
The home is older than most in Fort Richmond (ranking in the top 95%, meaning only 5% are older in the area). Buyers should budget for maintenance consistent with a home of this age, though the renovated basement may address some key updates.
5. How can I get the exact historical sold prices?
The exact sold price history is not publicly displayed. You can request it by email through the listing site; they provide the accurate figures manually and state they will not use your email for unsolicited marketing.
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