31 Namarik Way

Fraipont, Winnipeg

Property score

89.9

Excellent

Overall 89.9 · Larger and newer than most nearby homes

2,260 sqft (top 5%) · Built in 2023 (3 yrs newer than avg)

Located in a high-income area with median household income of ~120k

Transit 62.0 · 5-min walk to transit with 1 nearby route · Within 500m: 1 park nearby

Living Area

Above average

35% 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

89.9 is composed by the two sections below.

Property Score

89.8Excellent
Living Area2,260 sqft96Excellent
Year Built2023100Excellent
Lot Size4,473 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
2,260 sqft
0255075100
Same streetTop 10%Same areaTop 5%CitywideTop 6%
Same street · Namarik Way
#1 / 10
Top 10% · Avg 1,767 sqft
Same area · Fraipont
#52 / 1,128
Top 5% · Avg 1,668 sqft
Citywide · Winnipeg
#10,838 / 194,458
Top 6% · Avg 1,342 sqft

Tax-Assessed Value

above average
621k
0255075100
Same streetTop 10%Same areaTop 8%CitywideTop 7%
Same street · Namarik Way
#1 / 10
Top 10% · Avg 521.5k
Same area · Fraipont
#90 / 1,128
Top 8% · Avg 501.8k
Citywide · Winnipeg
#12,863 / 194,458
Top 7% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetTop 50%Same areaTop 13%CitywideTop 1%

Lot Size

above average
4,473 sqft
0255075100
Same streetTop 10%Same areaTop 31%CitywideBottom 33%

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

31 Namarik Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 445 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$650k–700k
Sold price

Same street

Top 13%

Same area

Top 4%

City-wide

Top 4%

Related homes

Highlights & common questions: 31 Namarik Way, Winnipeg

Property Overview: 31 Namarik Way, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the Fraipont neighbourhood is a modern, above-average property built in 2023. Its key strength is its generous 2,260 sqft of living space, which places it in the top 10% of homes on its street and the top 5% within Fraipont. The home features an attached garage and a renovated basement, adding functional space. The lot size of 4,473 sqft is notably larger than most on Namarik Way.

The appeal lies in its combination of new construction, ample interior space, and a desirable location within a newer community. The data suggests it’s a standout property within its immediate area, offering modern amenities without the wait of a build. It would suit buyers looking for a move-in ready, spacious family home in a developing neighbourhood, particularly those who value contemporary layouts and above-average square footage compared to local peers. A thoughtful perspective is that while the lot is sizable for the street, it’s closer to the city-wide average, indicating a home that prioritizes interior living space over extensive outdoor grounds—a fit for those seeking low-maintenance outdoor space without sacrificing room inside.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it ranks highly for both size and assessed value locally. Its living area is significantly larger than the averages for Fraipont and Winnipeg, making it a spacious option in a newer neighbourhood.

2. What does the sold price history indicate?
It last sold in late 2023. The provided price range suggests its value has been consistent with its high assessment, but for the exact sale price to inform your offer, you can request the precise figure via email from the site.

3. Is the neighbourhood established or still developing?
With a build year of 2023 and several nearby properties on the same street, the area appears to be a newer phase of development within Fraipont, offering a modern streetscape.

4. What are the property taxes likely to be?
While not stated, property taxes would be based on the provided assessed value of $62,100. You can use the City of Winnipeg’s mill rate to calculate an estimate.

5. Are there any obvious drawbacks from the data?
The home has no pool, which may matter to some buyers. Also, while the lot is good for the street, it is not an exceptionally large parcel by broader city standards, which is typical for newer subdivisions.

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