Property score
84.6
Excellent
Overall 84.6 · Newer than most nearby homes
1,619 sqft (top 45%) · Built in 2024 (4 yrs newer than avg)
Located in a high-income area with median household income of ~120k
Transit 52.0 · 6-min walk to transit with 1 nearby route · Within 500m: 1 park nearby
Living Area
Near average
3% 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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84.6 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
3 Namarik Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 465 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 25% | Top 33% | Top 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
3 Namarik Way is a modern two-storey home in Winnipeg's Fraipont neighbourhood, built in 2024. It offers 1,619 sqft of living space, an attached garage, and a full (unrenovated) basement on a 3,904 sqft lot. Its appeal lies in its new construction, offering modern building standards and minimal immediate maintenance in a well-established area. The home presents a balanced profile: its living space is above average citywide but typical for Fraipont, and its lot size is comfortable for the neighbourhood though smaller than the Winnipeg average. The assessed value is notably below average for its immediate street, which may indicate value relative to its newer condition.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a lengthy commute, as well as practical investors looking for a newer asset in a stable area. It’s less suited for those wanting a large yard, a move-in-ready basement suite, or a home that stands out significantly in size on its block.
Frequently Asked Questions
How does this home’s value compare to others on the street?
The assessed value is in the top 90% on Namarik Way, meaning it’s one of the lower-valued homes on the street. However, given it’s one of the newest houses (ranked 1 of 10 for year built), this could represent a value opportunity or reflect different lot sizes or finishes.
Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This offers a blank canvas for future expansion but requires an investment to develop.
What are the trade-offs of the lot size?
At 3,904 sqft, the lot is above average for the street but below the citywide average. This typically means lower outdoor maintenance than a larger lot, but may limit extensive landscaping, additions, or pool installation compared to properties on larger lots elsewhere in Winnipeg.
How modern is this home relative to the broader area?
It is exceptionally modern for Fraipont and the city, ranking in the top 1% for year built in both contexts. Buyers benefit from new systems, contemporary layouts, and current building codes, which is uncommon in a market with an average home age dating to 1966 citywide.
What does the sold price history indicate?
The home sold in March 2024 for an estimated range of $49.50k to $52.50k. This recent sale provides a concrete benchmark, showing it transacted close to its current assessed value of $47.60k, suggesting a stable market valuation.
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