80.5
Excellent
Property score
80.5
Excellent
Overall 80.5
Smaller than most nearby homes
1,366 sqft (bottom 7%)
Built in 2019 (1 yr older than avg)
Located in a high-income area
with median household income of ~120k
Transit 70.0
2-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
Below average
18% smaller than neighborhood avg.
Year Built
Below average
1 yrs older 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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80.5 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
21 Thelon Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 278 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 21 Thelon Way.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 39% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 21 Thelon Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, offers modern living in Winnipeg's Fraipont neighbourhood. Its key appeal lies in being a relatively new build, which typically means fewer immediate maintenance concerns and modern building standards. With 1,366 sqft of living space, it is a manageable size for smaller households, sitting below the average for its immediate street but close to the citywide average. The property includes a detached garage and a 4,132 sqft lot.
The home’s value proposition is nuanced. Its assessed value is notably below the average for Fraipont, which could indicate a more accessible entry point into this area. However, its living space is also smaller than many neighbours, suggesting it prioritizes efficiency and newer construction over sheer size. This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a premium lot size. It’s a practical choice for those who value a newer building envelope and are comfortable with cozier interior spaces compared to some area homes.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value is below the Fraipont neighbourhood average, which can make it a more affordable option in the area. It's important to note this often correlates with its smaller-than-average living area for the neighbourhood.
2. What are the advantages of a 2019 build?
A home from 2019 benefits from contemporary construction codes, materials, and energy efficiency standards. Major components like the roof, HVAC, and appliances are likely still within their expected lifespan, potentially reducing near-term capital costs.
3. Is the lot size typical?
The lot is fairly average for Thelon Way and Fraipont. However, it is below the citywide average, which generally includes many older neighbourhoods with larger, traditional lots. This is common for newer subdivisions.
4. What does "below average" living area for the street mean for daily life?
It means the home’s floor plan is more compact than many on the same block. This often translates to efficient use of space, lower utility costs, and less upkeep, but may require creative storage solutions or suit a household comfortable with closer quarters.
5. Why is the citywide assessed value comparison so different?
The "citywide" comparison includes all home types and ages across Winnipeg. The benchmark average is skewed by a vast number of older homes. In contrast, the "same area" comparison with similar, newer homes in Fraipont gives a more relevant picture of its standing in the local market.
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