Property score
86.8
Excellent
Overall 86.8 · Larger and newer than most nearby homes
2,098 sqft (top 8%) · Built in 1985 (13 yrs newer than avg)
Located in a high-income area with median household income of ~114k
Transit 58.0 · 5-min walk to transit with 2 nearby routes
Living Area
Above average
48% larger than neighborhood avg.
Year Built
Above average
13 yrs newer than neighborhood avg.
Mother tongue
English · 67%Chinese · 12%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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86.8 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: #46110942
$114K
Median household income
$118K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
33%
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
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 40% | Top 44% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 82 Rice Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a compelling blend of space, modern updates, and a prime position within its neighborhood. Built in 1985, it is notably newer than most homes on its street and in the wider area, which often translates to more contemporary construction and systems. The property stands out for its generous 2,098 sqft of living area and a large 7,679 sqft lot, both ranking in the top tier locally. A key feature is the renovated basement, adding functional living space. The home’s assessed value positions it above average for the area, suggesting a quality build and desirable location.
Its appeal lies in offering substantial room for a growing family or those who value ample indoor and outdoor space, all within a mature, established community. The home’s above-average rankings across multiple metrics—especially its newer build year and larger lot—indicate a property that outperforms its peers, offering a sense of value and rarity for the street. It would suit buyers looking for a move-in-ready home with a modernized basement, those prioritizing a larger, newer property in Fort Richmond over an older character home, and long-term investors who appreciate the underlying value of a top-quartile lot size and living area in a stable market.
Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on the finish quality, room types (e.g., bedroom, recreational space), and permits should be verified with the seller or during a viewing.
2. How does the assessed value relate to the likely selling price?
The assessed value of $499,000 is for municipal tax purposes. The actual market price is determined by current demand, the home's condition, and recent comparable sales, such as the nearby 79 Michigan Avenue (assessed at $614,000).
3. The home sold in 2020 for roughly $375,000-$405,000. What explains the significant increase in assessed value since then?
This rise likely reflects a combination of the basement renovation adding value, strong overall market appreciation in the early 2020s, and the property's inherent desirable traits (lot size, living space) being formally recognized in the assessment.
4. Are there any concerns with a home built in 1985?
While newer than many area homes, a 40-year-old property will still have aging components. A thorough inspection should focus on the original roof, windows, HVAC system, and electrical panel to anticipate potential near-term updates.
5. What is the neighborhood and street like?
Being on a street with a mix of older (1970s) and newer homes, the area is well-established. The proximity to similar-valued homes on other streets suggests a consistent, mid-range value area within Fort Richmond, likely popular with families and long-term residents.
