44 Bow Water Drive

Fraipont, Winnipeg

Property score

85.5

Excellent

Overall 85.5 · Older than most nearby homes

1,606 sqft (top 48%) · Built in 2017 (3 yrs older than avg)

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

Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 school, and 2 parks nearby

Living Area

Near average

4% smaller than neighborhood avg.

Year Built

Below average

3 yrs older 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

85.5 is composed by the two sections below.

Property Score

82.5Excellent
Living Area1,606 sqft83Excellent
Year Built201797Excellent
Lot Size4,584 sqft60Fair
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

above average
1,606 sqft
0255075100
Same streetBottom 4%Same areaTop 48%CitywideTop 25%
Same street · Bow Water Drive
#26 / 27
Bottom 4% · Avg 1,986 sqft
Same area · Fraipont
#543 / 1,128
Top 48% · Avg 1,668 sqft
Citywide · Winnipeg
#48,763 / 194,458
Top 25% · Avg 1,342 sqft

Tax-Assessed Value

above average
477k
0255075100
Same streetBottom 1%Same areaBottom 46%CitywideTop 24%
Same street · Bow Water Drive
#27 / 27
Bottom 1% · Avg 630k
Same area · Fraipont
#608 / 1,128
Bottom 46% · Avg 501.8k
Citywide · Winnipeg
#45,953 / 194,458
Top 24% · Avg 390.1k

Year Built

Elite
2017
0255075100
Same streetBottom 30%Same areaBottom 11%CitywideTop 5%

Lot Size

above average
4,584 sqft
0255075100
Same streetBottom 22%Same areaTop 26%CitywideBottom 35%

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

44 Bow Water Drive — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 464 m), 2 parks (nearest 392 m).

Search radius
🏫Education1
🌳Parks2

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 4/2019CA$400k–450k
Sold price

Same street

Bottom 11%

Same area

Bottom 39%

City-wide

Top 25%

Related homes

Highlights & common questions: 44 Bow Water Drive, Winnipeg

Property Overview: 44 Bow Water Drive, Fraipont

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2017, offers modern construction in a quiet Winnipeg neighbourhood. With 1,606 sqft of living space and an attached garage, it presents a practical, low-maintenance layout. The property’s standout feature is its relative newness compared to the broader city housing stock, offering contemporary building standards without the need for immediate major updates. The basement is unfinished, providing a clean slate for future expansion or storage.

The appeal here is one of balance and potential. While its living space and lot size (4,584 sqft) are modest for its immediate street, they are above average for the city overall, positioning it as a comfortable urban home. It suits first-time buyers or downsizers seeking a modern, move-in-ready property without the premium price tag of a fully renovated home. The unfinished basement is a key asset for a buyer looking to customize and add value over time, rather than paying upfront for someone else’s renovation choices. It’s a home for a pragmatic buyer who values a newer build in a settled area and sees potential in personalizing the space.

Section 2: Frequently Asked Questions

1. How does this home compare in size to others in the area?
Within the Fraipont area, the living space is around the average. On its specific street, Bow Water Drive, it is on the smaller side compared to neighbouring homes, which is a factor in its accessible price point.

2. What is the significance of the assessed value?
The assessed value of $47,700 is around the average for Fraipont but is the lowest on Bow Water Drive. This can indicate a more affordable tax base relative to the street, but it’s essential to distinguish this from current market value, which is influenced by recent sales, condition, and demand.

3. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an opportunity. It allows you to design and finish the space to your specific needs—whether as a rec room, home office, or additional bedrooms—without needing to undo or replace an existing, possibly dated, renovation.

4. What can recent sale history tell us?
The home last sold in April 2019 for between $41,500 and $44,500. This historical data provides a benchmark, but the current market value will be determined by present-day market conditions, any changes made to the property since then, and recent comparable sales.

5. Who would this property not suit?
It may not be ideal for buyers seeking a large, established yard or who prioritize having a home that is immediately larger than most on their block. The lot is smaller than the city average, and the living space is below the street average, so those wanting ample room for expansion or top-tier size rankings in their immediate vicinity might look elsewhere.

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