Property score
90.5
Excellent
Overall 90.5 · Larger but older than most nearby homes
2,088 sqft (top 8%) · Built in 2018 (2 yrs older than avg)
Located in a high-income area with median household income of ~141k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Above average
25% larger than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Fraipont sales snapshot (~80% of all data)
764
515k
$359/sqft
2020
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90.5 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: #46111206
$141K
Median household income
$153K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
7%
Single-person households
54%
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
49 Bow Water Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 426 m), 3 parks (nearest 418 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 | Top 11% | Top 3% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
49 Bow Water Drive is a modern, two-storey home in Winnipeg's Fraipont neighbourhood. Built in 2018, it offers 2,088 sqft of living space and sits on a 5,850 sqft lot with an attached garage. The home features a basement that is present but not renovated. Its current assessed value is $750,000.
Key Characteristics & Appeal
This property stands out for its above-average space and premium positioning within its immediate area. With a living area ranking in the top third of its street and the top 9% city-wide, it offers more interior room than most Winnipeg homes. Its $750,000 assessed value places it in the elite top 3% for Fraipont and city-wide, indicating a high-calibre home for the area. The lot size is also generous, ranking in the top 11% on Bow Water Drive.
The primary appeal lies in acquiring a relatively new construction (2018) that requires no major updates, combined with significant bragging rights within its community. It’s a home that feels spacious locally and is confirmed as a top-tier asset by broader market metrics. The unrenovated basement presents a clear opportunity for future customization.
This home would best suit buyers looking for a move-in ready, modern property in a established neighbourhood, who value space and a strong equity position. It’s ideal for professionals or growing families seeking a home that outperforms its immediate peers in scale and value, with the added benefit of a blank-canvas basement to tailor to their needs.
Frequently Asked Questions
1. Is the $750,000 the asking price or the sale price?
The $750,000 figure is the property's assessed value for taxation purposes, not a listed sale price. Market sale prices can differ from this assessment.
2. What does "basement yes, not renovated" mean?
It confirms the house has a basement, but it is in an unfinished or builder-basic state. It’s a functional space requiring investment and work to become a finished living area.
3. How does this home compare to others on the street?
The data shows it ranks above average on its street for living area, assessed value, land size, and year built. It is a larger, more valuable, and newer home compared to most of its direct neighbours.
4. The home sold in 2019 for between $68,500 and $71,500. Why is the assessed value now so much higher?
The 2019 sale was likely for the vacant building lot prior to the home's construction. The current assessment reflects the completed, modern house that now exists on the property.
5. What are the implications of being in the "top 3%" for assessed value in Fraipont?
This means the home is among the most valuable properties in the neighbourhood. It suggests a premium location or property attributes, but also comes with correspondingly higher property taxes.
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