80.6
Excellent
Property score
80.6
Excellent
Overall 80.6
Smaller than most nearby homes
1,468 sqft (bottom 22%)
Built in 2019 (1 yr older than avg)
Located in a high-income area
with median household income of ~120k
Transit 62.0
2-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
Below average
12% smaller than neighborhood avg.
Year Built
Below average
1 yrs older 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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80.6 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
40 Geneva Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 343 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%
Local garbage, recycling, and yard waste pickup schedule for 40 Geneva Lane.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 39% | Bottom 37% | Top 25% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 3% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Geneva Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2019, offering a move-in-ready foundation with room for personalization. Its key appeal lies in its balance of being newer construction within a well-established context. With 1,468 sqft of living space, it sits comfortably around the average for its immediate street and the wider city, suggesting a practical, manageable size for many households.
The home’s standout characteristic is its age. It ranks in the top 3% of homes on Geneva Lane and the top 4% citywide for being newly built, meaning it likely benefits from contemporary building standards, energy efficiency, and minimal immediate repair needs. The detached garage adds flexible storage or workshop space. It’s important to note the basement is present but not renovated, representing both a cost-saving on the purchase price and a clear opportunity for future expansion or customization to suit an owner's needs.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home without the premium often attached to brand-new subdivisions. It’s also a sensible fit for a pragmatic buyer who values a newer structure but sees potential in finishing spaces like the basement themselves over time. The data suggests it offers above-average value citywide for its assessment, but presents a more affordable entry point within the Fraipont area itself, where many homes are assessed higher.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is below the average for Fraipont, placing it in the 76th percentile (meaning it's assessed lower than 76% of comparable homes in the area). This could indicate a relative value opportunity within this specific neighbourhood.
2. What does "basement not renovated" imply?
The basement is structurally complete but unfinished. You should budget for and plan the cost/time to insulate, frame, drywall, and floor the space to make it liveable. This is a significant project but allows you to customize the space to your exact needs.
3. How does the lot size compare?
The land area is 3,298 sqft, which is below average for both Fraipont and Winnipeg overall. This means lower exterior maintenance but may limit options for large additions, pools, or extensive landscaping.
4. The home sold in 2021 and 2019. What does that history show?
The public price ranges show appreciation between the 2019 and 2021 sales. For the exact sold prices to inform your offer, you need to request them directly via the provided email service.
5. What are the less obvious considerations?
As one of the newest homes on the block (ranked 1 of 31 for year built on Geneva Lane), you may have fewer immediate major repairs than neighbours. However, being newer in an older area means future resale comparisons may be less straightforward. Also, the "around average" living space citywide is a positive, but the below-average lot size for the area is a trade-off to weigh regarding outdoor space.
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