83.8
Excellent
Property score
83.8
Excellent
Overall 83.8
Newer than most nearby homes
1,523 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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83.8 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
24 Ullswater Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 416 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 1% | Top 24% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
24 Ullswater Way is a modern two-storey home in Winnipeg's Fraipont neighbourhood, built in 2024. It offers 1,523 sqft of living space, an attached garage, and a full, unfinished basement on a 4,015 sqft lot. The home last sold in August 2024.
Key Characteristics & Appeal
The primary appeal of this property is its new construction status. Being only two years old, it offers modern building standards, energy efficiency, and minimal immediate maintenance, which is a significant advantage compared to the city's much older average home. Its living space is comfortably above the citywide average, providing good room for a growing household or home office needs.
However, the data presents a nuanced picture. While the home is newer and larger than most in Winnipeg, it sits on the smaller side for its own street and immediate area in terms of both living space and lot size. Its assessed value is notably higher than the city average but is around the median for the Fraipont area. This suggests you are paying a premium for the modern build in a neighbourhood of relatively newer homes, rather than for expansive square footage or land.
This home would suit a buyer looking for a modern, move-in-ready property who prioritizes contemporary features over a large yard. It’s ideal for those who want to avoid the surprises and renovation projects common with older homes. It may also appeal to someone who values being in a fresh, developing community street scene, as all homes on Ullswater Way appear to be from the same recent period.
Frequently Asked Questions
1. Why is the assessed value so much higher than the city average?
The assessed value reflects the home's very recent construction (2024). New builds typically have higher valuations due to modern materials, current building codes, and the absence of depreciation seen in older homes.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it offers valuable, flexible space and allows the next owner to customize it to their exact needs without needing to undo previous work.
3. The lot size is below average for the city. How important is that?
This depends on lifestyle. The lot is reasonably sized for the Fraipont area. It's suitable for a patio, garden, and play area but may not accommodate extensive landscaping or large outbuildings. It can mean less outdoor maintenance.
4. How does this home compare to others on the same street?
The data indicates this home has less living space and a smaller lot than the average on Ullswater Way. However, it is the newest home on the street. The street itself is composed entirely of very new properties, creating a uniform, modern streetscape.
5. What does the sold price history tell me?
The home sold very recently in August 2024. This provides a clear, current market benchmark for its value, which is useful for comparison. The exact sold price is available upon request from the listing source.
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