83.2
Excellent
Property score
83.2
Excellent
Overall 83.2
Newer than most nearby homes
1,522 sqft (bottom 40%)
Built in 2024 (4 yrs newer than avg)
Located in a high-income area
with median household income of ~120k
Transit 52.0
5-min walk to transit with 1 nearby route
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Above average
4 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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83.2 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
121 Twintree Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 376 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%
Local garbage, recycling, and yard waste pickup schedule for 121 Twintree Way.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Top 37% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 121 Twintree Way, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2024, is a notably modern property in a neighbourhood of newer constructions. Its primary appeal lies in its move-in-ready condition, offering the benefits of a contemporary build without the need for immediate updates. With 1,522 sqft of living space and an attached garage, it provides practical, modern family living.
The home’s standout characteristic is its newness—it ranks in the top 1-2% for year built both locally and citywide, meaning major components like roofing, HVAC, and windows are under warranty and built to current codes. Its assessed value of $470k positions it as an above-average offering citywide, but around the median for its immediate street and area, suggesting it is competitively priced within a desirable, newer development.
This property would suit first-time buyers or young families seeking a low-maintenance home in a fresh community. It also appeals to value-conscious buyers who prioritize modern efficiency over historic charm or larger lot sizes, as the land area is more compact compared to older city neighbourhoods.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,522 sqft, the living area is very close to the average for both Twintree Way and the wider Fraipont area. It offers a comfortable size that is common for newer builds in this community.
2. What does the "Elite" ranking for year built actually mean?
It means this home is newer than approximately 99% of all homes across Winnipeg. On its own street and in Fraipont, it is among the very newest houses available, which typically translates to modern layouts, energy efficiency, and minimal repair concerns in the near term.
3. The land area is noted as "below average" citywide. Is that a concern?
This is a common trait for newer subdivisions. The lot is a manageable size for upkeep and is actually above average for its specific street. Buyers valuing a large yard for gardening or expansion might find it limiting, but those seeking lower outdoor maintenance will appreciate it.
4. What can the recent sold price range tell me?
The home sold in June 2024 for between $475,000 and $505,000. This sale at a price significantly above its current assessed value is a strong market indicator, showing what a buyer was recently willing to pay in a competitive environment.
5. Are the property taxes based on the assessed value or the sale price?
Taxes are based on the municipal assessed value ($470k), not the sale price. However, a recent sale at a higher price can influence future assessment cycles, so this is a point to consider for long-term budgeting.
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