55 Mara Place

Fraipont, Winnipeg

Property score

82.4

Excellent

Overall 82.4 · Newer than most nearby homes

1,566 sqft (bottom 47%) · Built in 2022 (2 yrs newer 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: 2 parks nearby

Living Area

Near average

6% smaller than neighborhood avg.

Year Built

Above average

2 yrs newer 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

82.4 is composed by the two sections below.

Property Score

77.4Good
Living Area1,566 sqft79Good
Year Built2022100Excellent
Lot Size3,464 sqft38Low
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
1,566 sqft
0255075100
Same streetBottom 7%Same areaBottom 47%CitywideTop 27%
Same street · Mara Place
#40 / 43
Bottom 7% · Avg 1,949 sqft
Same area · Fraipont
#603 / 1,128
Bottom 47% · Avg 1,668 sqft
Citywide · Winnipeg
#52,613 / 194,458
Top 27% · Avg 1,342 sqft

Tax-Assessed Value

above average
462k
0255075100
Same streetBottom 1%Same areaBottom 34%CitywideTop 26%
Same street · Mara Place
#43 / 43
Bottom 1% · Avg 589.2k
Same area · Fraipont
#739 / 1,128
Bottom 34% · Avg 501.8k
Citywide · Winnipeg
#51,121 / 194,458
Top 26% · Avg 390.1k

Year Built

Elite
2022
0255075100
Same streetBottom 37%Same areaTop 23%CitywideTop 1%

Lot Size

below average
3,464 sqft
0255075100
Same streetBottom 14%Same areaBottom 23%CitywideBottom 19%

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

55 Mara Place — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 142 m).

Search radius
🌳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 10/2022CA$450k–500k
Sold price

Same street

Bottom 1%

Same area

Top 39%

City-wide

Top 17%

Related homes

Highlights & common questions: 55 Mara Place, Winnipeg

Property Overview: 55 Mara Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2022, presents a modern, low-maintenance living option in the Fraipont neighbourhood. Its key appeal lies in its balance of being a newer construction with a relatively accessible price point, as reflected in its assessed value. At 1,566 sqft, the living space is above average for Winnipeg overall but is more modest compared to other newer homes in its immediate area. The property includes an attached garage and a basement (not renovated), situated on a smaller, manageable lot.

The home suits first-time buyers or downsizers seeking a modern build without the premium often attached to brand-new properties. It also appeals to value-conscious buyers who prioritize a newer roof, windows, and mechanical systems over expansive square footage or lot size. A thoughtful perspective is that while the lot is smaller relative to the city and street, it translates to less yard work, which can be a desirable feature for busy professionals or those looking to minimize upkeep. Its assessed value ranking suggests it may offer an entry point into a newer neighbourhood where many comparable homes are valued higher.

Section 2: Frequently Asked Questions

1. Is this a good value for a newer home?
The data suggests it is positioned as a value option among newer builds. Its assessed value is above average citywide but below average on its own street, indicating you are paying less than many neighbours for a similarly aged home, albeit often with more living space.

2. What does "basement, not renovated" mean?
The home has a basement, but it is unfinished. This provides blank-canvas storage or future living space, but any development would be an additional project and investment for the buyer.

3. How does the living space compare practically?
At 1,566 sqft, it offers solid space for a small family or couple. It's notably smaller than the average home on Mara Place (~1,949 sqft), so buyers should ensure the layout and room sizes meet their needs compared to other available options in the area.

4. Why is the assessed value so much lower than the citywide average home value?
This can be confusing. The "above average" citywide ranking (Top 26%) is based on its assessed value compared to all Winnipeg homes. The actual average market value of homes citywide is much higher ($390k as noted), but this property's assessed value for taxation purposes is $46.20k. Assessment value is not market price.

5. What are the trade-offs for the lower price and newer build?
The primary trade-offs appear to be a smaller lot size and less interior square footage compared to other homes on the street and in Fraipont. You are gaining modern construction but with less land and space than many neighbouring properties.

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