Property score
81.0
Excellent
Overall 81.0 · Smaller but newer than most nearby homes
1,492 sqft (bottom 29%) · Built in 2022 (2 yrs newer 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: 2 parks nearby
Living Area
Below average
11% smaller than neighborhood avg.
Year Built
Above average
2 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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81.0 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
38 Twintree Way — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 279 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 8% | Bottom 45% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Twintree Way, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready condition with the efficiency and low maintenance of a recent build. Its key appeal lies in its balance of contemporary living within a well-established new neighbourhood. With 1,492 sqft of living space, it provides ample room for a small family or couple, sitting comfortably around the average size for its immediate street and the wider city.
The home’s standout characteristic is its value positioning. The assessed value is notably below average for both its street and the Fraipont area, which could represent a relative value opportunity in a newer community, especially when combined with the modern year of construction. It suits first-time buyers or downsizers seeking a modern home without a major renovation project, and pragmatic investors who value newer infrastructure and predictable maintenance. A thoughtful perspective is that while the lot size is smaller than many in the city, this aligns with newer developments and translates to less yard upkeep—an appeal for those seeking a lock-and-leave lifestyle or more time indoors.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated." This presents a blank canvas for future expansion or storage, but would require investment to develop into living space.
2. What are the parking arrangements?
The listing specifies there is no garage. Buyers should inquire about driveway space or on-street parking permits to understand their full parking options.
3. How does the assessed value compare to the last sale price?
The home sold in late 2022 for an estimated range between $435,000 and $465,000. Its current assessed value is $418,000. It’s important to discuss this variance with a real estate professional to understand current market conditions.
4. Is this a good area for a family?
The Fraipont neighbourhood features many newer homes (this one is newer than 77% of area homes), suggesting a community of modern dwellings. The presence of many similar-aged homes on Twintree Way indicates a cohesive, recently developed streetscape.
5. Why is the assessed value ranked so low compared to the neighbourhood?
While the home is newer, its assessed value is in the bottom 12% on its own street. This doesn’t necessarily reflect condition, but may relate to specific lot attributes, exact location within the area, or the assessed values of larger, higher-end homes nearby pulling the area average up. It’s a key point for valuation discussions.
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