69.1
Good
Property score
69.1
Good
Overall 69.1
Smaller than most nearby homes
1,082 sqft (bottom 23%)
Built in 1971 (1 yr older than avg)
Located in a high-income area
with median household income of ~94k
Transit 76.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 schools, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 48%Chinese · 10%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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69.1 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: #46111016
$94K
Median household income
$114K
Average household income
13%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
15%
Single-person households
34%
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
88 Wadham Bay — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 447 m), 2 parks (nearest 490 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 20% | Bottom 17% | Bottom 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 9% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 88 Wadham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and well-situated property. Built in 1971, it features 1,082 sqft of living space, an attached garage, and a renovated basement on a generous 6,813 sqft lot. Its appeal lies in its solid, no-frills foundation and its position as a statistically average home within its immediate neighborhood and the broader Fort Richmond area. This consistency can be reassuring for buyers, indicating a property that aligns with local norms without extreme outliers in size, value, or age.
The home would suit first-time buyers, downsizers, or practical investors looking for a manageable, single-level layout in a mature, established community. A thoughtful perspective is that its "average" metrics within the context of a desirable area like Fort Richmond could represent a stable, lower-risk entry point into the market, avoiding the premium often attached to standout "top-tier" properties while still offering the community's amenities and character. The renovated basement adds functional living space, enhancing its livability.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows this home is very typical for Wadham Bay and Fort Richmond. Its living area, assessed value, and lot size all rank close to the median for comparable local properties, meaning it's a representative example of the neighborhood's housing stock rather than an exception.
2. What is the significance of the lot size being "above average" citywide?
While the lot is average for Fort Richmond, it's larger than many city-wide comparators. This suggests good outdoor space potential for the home's category and could be a relative long-term advantage in a city where newer lots are often smaller.
3. The home sold in 2016 and 2020. What does that history indicate?
The sold price ranges show consistent value in recent years. The fact it has changed hands twice in under a decade is not unusual but may suggest it's seen as a good "stepping stone" property. Requesting the exact sale prices can clarify its value trajectory.
4. What are the implications of a one-storey design with a renovated basement?
This layout offers main-level living, which is appealing for accessibility or simple convenience. The renovated basement effectively expands the usable space, potentially offering a rec room, office, or extra bedrooms, adding flexibility beyond the main floor's footprint.
5. The assessed value is noted as $39.90k. Is that the market value?
No. Municipal assessed values for tax purposes are typically much lower than actual market value. You should always look to recent sale prices of similar homes (comparables) and a professional appraisal for an accurate current market value.
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