Property score
87.8
Excellent
Overall 87.8 · Larger and newer than most nearby homes
1,958 sqft (top 16%) · Built in 2023 (3 yrs newer than avg)
Located in a high-income area with median household income of ~120k
Transit 62.0 · 5-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 55%Punjabi · 5%
Past 10 years Fraipont sales snapshot (~80% of all data)
764
515k
$359/sqft
2020
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87.8 is composed by the two sections below.
Property Score
Community Score
Fraipont
How to read: Share of sales in each ~$50k price band for “fraipont” (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: #46111207
$120K
Median household income
$132K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
9%
Single-person households
49%
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
111 Mara Place — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 224 m).
Fraipont · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -98%
vs. prior year
Primary type
Property
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Top 10% | Top 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 111 Mara Place
Key Characteristics & Buyer Appeal
This two-storey home in Winnipeg's Fraipont neighbourhood is a modern property, built in 2023. Its primary appeal lies in its new construction status, offering move-in readiness and contemporary building standards without the need for immediate updates. With 1,958 sqft of living space, it provides above-average roominess for both the neighbourhood and the city, making it a spacious choice for a growing family or those who value ample indoor space.
The home features an attached garage and a basement (not renovated), presenting a blank canvas for future expansion. Its assessed value positions it as a premium property within Fraipont, suggesting a solid investment in a desirable area. The lot size is typical for the street but is smaller than the citywide average, indicating a lower-maintenance yard—a trade-off for the newer, larger home footprint.
This property would best suit buyers prioritizing modern construction and interior space over a large garden. It’s ideal for professionals or families seeking a turnkey home in a well-established community, who prefer spending time on interior living rather than extensive landscaping. A thoughtful perspective is that this home represents a specific modern trend: maximizing living area on a efficient lot, which appeals to those looking for a balance of community and contemporary convenience.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for the Fraipont neighbourhood and ranks in the top 20% locally, indicating it is considered a higher-value property within this community.
2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This provides the next owner with the opportunity to customize the space to their needs.
3. What are the yearly property taxes?
While the exact tax amount isn’t listed here, it can be estimated by applying the Winnipeg municipal tax rate to the assessed value of $53.80k. A tax calculator or inquiry with the city can provide the precise figure.
4. How does the lot size impact the property?
At 3,898 sqft, the lot is fairly standard for Mara Place but below the Winnipeg city average. This typically means less outdoor maintenance but also less private yard space compared to older neighbourhoods with larger lots.
5. What is the sales history of this home?
Public records indicate a sale in February 2023, within the price range of $58.50k to $61.50k. For the exact sale price, you can request the information via email from the listing source.
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