28 Ullswater Way

Fraipont, Winnipeg

Property score

90.6

Excellent

Overall 90.6 · Larger and newer than most nearby homes

2,543 sqft (top 1%) · Built in 2023 (3 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

Living Area

Above average

52% 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)

Sold Count

764

Median price

515k

$/sqft

$359/sqft

Avg build year

2020

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Property score

90.6 is composed by the two sections below.

Property Score

91.0Excellent
Living Area2,543 sqft98Excellent
Year Built2023100Excellent
Lot Size4,380 sqft53Fair
Neighbourhood Sales Activity86Excellent

Community Score

90.0Excellent
Household Income91Excellent
Education Level91Excellent
Housing Stress63Fair
Core Housing Need100Excellent
Employment Health100Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111207

Community deep dive

$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

Population, labour & age

Population (2021)1,509
Labour force participation rate88%
Median age31.2
Avg household size3.1
Unemployment rate2%
Population density1658 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households9%
Couple families with children49%
Median household income (2020)$120K

Housing

Renter households9%
Condominium dwellings2%
Median dwelling value (owners)$468K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority63%
Bachelor's or higher (25–64)59%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Punjabi · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,543 sqft
0255075100
Same streetTop 13%Same areaTop 1%CitywideTop 3%
Same street · Ullswater Way
#1 / 8
Top 13% · Avg 1,916 sqft
Same area · Fraipont
#12 / 1,128
Top 1% · Avg 1,668 sqft
Citywide · Winnipeg
#5,066 / 194,458
Top 3% · Avg 1,342 sqft

Tax-Assessed Value

above average
641k
0255075100
Same streetTop 13%Same areaTop 7%CitywideTop 6%
Same street · Ullswater Way
#1 / 8
Top 13% · Avg 535.3k
Same area · Fraipont
#76 / 1,128
Top 7% · Avg 501.8k
Citywide · Winnipeg
#11,090 / 194,458
Top 6% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetBottom 1%Same areaTop 13%CitywideTop 1%

Lot Size

around average
4,380 sqft
0255075100
Same streetTop 50%Same areaTop 34%CitywideBottom 32%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

28 Ullswater Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 412 m).

Search radius
🌳Parks1

Crime & Safety

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%

Sales History

Sold 12/2023CA$600k–650k
Sold price

Same street

Top 17%

Same area

Top 7%

City-wide

Top 5%

Related homes

Highlights & common questions: 28 Ullswater Way, Winnipeg

Property Overview

This two-storey home at 28 Ullswater Way in Winnipeg’s Fraipont neighbourhood is a modern, spacious property built in 2023. Its key appeal lies in its generous 2,543 sqft of living space, which ranks within the top tier for size both locally and city-wide, offering ample room for family living. The home features an attached garage and a full, unrenovated basement, presenting a blank canvas for future development. Its assessed value is notably above average for the area, reflecting its desirable characteristics. The lot is a standard suburban size, providing manageable outdoor space without excessive maintenance.

The property would best suit growing families or professionals seeking a move-in ready, contemporary home in a newer suburban development. It’s ideal for buyers who prioritize modern construction, above-average square footage, and the potential to customize the basement to their own needs over time. A less obvious perspective is that, while newer, it is not the newest build on its street, which may offer a slight value position compared to brand-new constructions while still providing the benefits of a modern home.

Frequently Asked Questions

What is the exact sold price history?
The public data shows a sold price range from late 2023. For the precise sale figure, you can request the exact sold price history via email from the listing source.

How does the living area compare to nearby homes?
With 2,543 sqft, this home’s living area is in the top 13% on its street, the top 1% in Fraipont, and the top 3% city-wide, making it significantly more spacious than the average Winnipeg home.

Is the basement finished?
No, the basement is noted as “not renovated,” meaning it is unfinished. This presents both a cost and an opportunity for future customization to suit the buyer’s needs.

How does the property’s value compare to its neighbours?
Its assessed value is above average for the street, neighbourhood, and city, indicating it is considered a higher-value property within these contexts.

What does the “Year Built” ranking mean for this home?
Built in 2023, it is a modern home. Interestingly, it ranks as the oldest among the eight comparable homes on Ullswater Way (where the average build year is 2024), but it is still newer than most homes in Fraipont and far newer than the city-wide average, which is 1966.

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