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)
764
515k
$359/sqft
2020
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82.4 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
55 Mara Place — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 142 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 1% | Top 39% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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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