79.2
Good
Property score
79.2
Good
Overall 79.2
Smaller than most nearby homes
1,367 sqft (bottom 7%)
Built in 2019 (1 yr older 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: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
18% 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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79.2 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
41 Thelon Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 318 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 41 Thelon Way.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Bottom 47% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 41 Thelon Way in Winnipeg's Fraipont neighbourhood is a modern, low-maintenance property built in 2019. With 1,367 sqft of living space, it sits on a compact 3,078 sqft lot and features a detached garage and an unfinished basement. Its appeal lies in its contemporary construction, which offers move-in readiness and newer systems compared to much of the city's older housing stock. The home suits first-time buyers seeking a modern build without a premium price tag, or downsizers looking for a manageable property with minimal immediate upkeep. A thoughtful perspective is that its below-average lot size for the area translates to less yard work, which can be a practical benefit for those with busy lifestyles, while its "around average" citywide metrics suggest it represents a solid, middle-of-the-market option.
Key Details & FAQs
Key Characteristics & Appeal
This is a practically sized, modern home built in 2019. Its key characteristic is its contemporary age, placing it in the top 4% of homes citywide for newness, which typically means updated building codes, materials, and systems. The living space is average for Winnipeg overall, and the assessed value is also positioned around the citywide median. In its immediate Fraipont neighbourhood, however, the home sits on a smaller lot and has a lower assessed value than many comparable properties. This creates its primary appeal: a newer home at a relatively accessible value point within the area. It would suit buyers prioritizing modern construction and move-in condition over expansive outdoor space, and is a viable option for those priced out of larger, more established homes in the same community.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value (listed as $43.10k) is for municipal tax purposes. The recent sold price range (May 2024) was between $43.50k and $46.50k, which better indicates its market value.
2. What does "basement yes, not renovated" mean?
It confirms the home has a basement, but it is unfinished. This provides essential utility space and storage, and offers potential for future customization, but would require investment to develop into living space.
3. How does this home compare to others on the same street?
The data shows it is newer than most on Thelon Way (top 9%), but has a smaller living area and land size than the street average. Its assessed value is also below the street's average, suggesting it may be a more compact or modest option on the block.
4. What are the implications of a smaller lot size?
The lot is below average for both the street and the wider Fraipont area. This means less private outdoor space for gardening or recreation, but also reduced maintenance like mowing and landscaping—a trade-off that some buyers may prefer.
5. Why is the citywide assessed value comparison so different?
The citywide benchmark for "comparable homes" is noted as $390k, which is significantly higher than this home's assessment. This suggests the comparison group citywide includes different types of properties. The more relevant comparisons are the local (street and neighbourhood) rankings provided.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
