83.9
Excellent
Property score
83.9
Excellent
Overall 83.9
Newer than most nearby homes
1,608 sqft (top 47%)
Built in 2023 (3 yrs newer 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: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller 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)
764
515k
$359/sqft
2020
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83.9 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
42 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 16% | 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: 42 Twintree Way, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's Fraipont neighbourhood. With 1,608 sqft of living space, it provides ample room for a growing family or professional couple, ranking above average for size compared to the wider city. Its primary appeal lies in its contemporary construction, which means modern building standards, energy efficiency, and minimal immediate maintenance. The home sits on a standard-sized lot for its immediate street, but it's notably more compact than typical lots in both Fraipont and Winnipeg overall, resulting in lower outdoor upkeep.
The property suits buyers seeking a newer build without a premium price tag, as its assessed value is below average for the Fraipont area. It’s ideal for those who prioritize a modern interior and efficient layout over a large yard. A thoughtful perspective is that this home represents a balance: you gain the benefits of a new home (like modern warranties and systems) in an established neighbourhood, but with less private outdoor space than older homes nearby. It would particularly resonate with buyers looking to downsize from an older, larger property into something newer and more manageable, or first-time buyers wanting a contemporary home without a major renovation project.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is undeveloped. This provides a blank canvas for future expansion or storage, but it is not a renovated living space.
2. What are the parking arrangements?
The listing indicates there is no garage. Buyers should investigate on-street parking regulations or the potential to add a driveway or carport.
3. How does the property's value compare?
The home’s assessed value is notably below the average for the Fraipont neighbourhood, which could indicate a value opportunity. However, it's above the Winnipeg city-wide average, reflecting its newer construction.
4. What is the neighbourhood like for a new build?
Fraipont contains a mix of older and newer homes. This property is on a street with many similarly aged homes (the average build year on Twintree Way is also 2023), suggesting it's part of a newer infill or subdivision pocket within the broader area.
5. Why is the lot size described as "below average"?
While the lot is a typical size for its specific street, Fraipont and Winnipeg generally have homes on larger, older lots. This home’s efficient use of a smaller lot is a key factor in its modern design and likely contributes to its manageable assessed value.
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