79.2
Good
Property score
79.2
Good
Overall 79.2
Smaller and older than most nearby homes
1,366 sqft (bottom 7%)
Built in 2018 (2 yrs 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
2 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
45 Thelon Way — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 326 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 45 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 | Bottom 1% | Bottom 4% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This two-storey home at 45 Thelon Way in Winnipeg's Fraipont neighbourhood is a modern property built in 2018. Its primary appeal lies in offering relatively new construction in a city where the average home is significantly older, while presenting a value-oriented entry point within its immediate area. With 1,366 sqft of living space and a 3,078 sqft lot, it is a compact and efficient layout.
The home suits first-time buyers or downsizers seeking a low-maintenance, newer build without the premium price tag often found in newer subdivisions. Its assessed value is notably below average for both its street and the Fraipont area, which could attract investors or buyers looking for a strategic purchase with potential for equity growth as the neighbourhood continues to develop. A thoughtful perspective is that while the lot size is modest, it translates to less yard work, aligning with a simpler lifestyle. The unrenovated basement presents a blank canvas for future expansion, adding potential value for a handy owner.
Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The data indicates its assessed value is in the bottom 4% for Fraipont, meaning it is priced significantly below many area comparables. This suggests a competitive entry price for a modern home in this community.
2. What does the "unrenovated basement" mean?
The basement is finished but has not been updated since the home was built in 2018. It's move-in ready but offers the opportunity to customize and potentially increase the home's value with future updates.
3. How does the lot size impact the property?
The lot is smaller than the average for both the street and the city. This means less exterior maintenance and lower landscaping costs, but also limited space for large additions, pools, or extensive outdoor recreation.
4. The home sold in 2020. What does that history tell us?
The 2020 sale provides a previous market price point, but given shifts in the market and the home's age, a current appraisal and comparative market analysis are essential to understand its present value.
5. Are there comparable homes to consider?
The listing references nearby properties on Thelon Way and similar-valued homes in other neighbourhoods like Elmhurst. This is useful for broad comparison, but factors like specific location, condition, and interior layout will create key differences in value and livability.
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.
