83.5
Excellent
Property score
83.5
Excellent
Overall 83.5
Compared with neighbourhood average
1,603 sqft (top 48%)
Built in 2019 (1 yr 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 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
1 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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83.5 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: #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
56 Geneva Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 379 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 56 Geneva Lane.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Bottom 10% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 56 Geneva Lane, Fraipont
This two-storey home, built in 2019, presents a modern and low-maintenance living option in Winnipeg's Fraipont neighbourhood. With 1,603 sqft of living space, it sits above the citywide average for size. The property features a detached garage and a basement that is noted as being unfinished and not renovated. It does not have a pool.
Key Characteristics & Appeal
The primary appeal of this home lies in its modern construction, offering buyers a move-in-ready property that is unlikely to require major system updates or renovations in the near future. Its living area is notably spacious for the city and ranks highly on its own street. While the lot size is compact compared to broader city averages, this often translates to less yard upkeep—a potential plus for busy professionals or those seeking a more lock-and-leave lifestyle. The detached garage provides flexible storage or workshop space.
The data suggests a nuanced position in the market. The home's assessed value is above average citywide but is below average for the Fraipont area specifically. This could indicate an opportunity for a buyer who values the modern build within this neighbourhood. It would suit first-time buyers looking for a modern home without an overwhelming yard, young families appreciating the newer build and floorplan, or investors attracted to a property with contemporary fixtures and lower immediate maintenance costs.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unfinished and not renovated. It presents a blank canvas for future development to add living space.
2. How does the property compare in size to others nearby?
With 1,603 sqft, this home offers above-average living space for both the city and its immediate street (Geneva Lane), where it ranks in the top 13%. However, its land area is more compact than many city lots.
3. What does the assessed value ranking mean for this area?
The home's assessed value is above the Winnipeg average but below the average for the broader Fraipont neighbourhood. This suggests it may be priced accessibly within a desirable area, but market conditions should be verified.
4. What are the implications of the home being built in 2019?
A 2019 build is very new by Winnipeg standards (top 4% citywide). Buyers benefit from modern building codes, energy efficiency, and contemporary layouts, with many major components under warranty.
5. What are the nearby properties like?
The immediate neighbours on Geneva Lane are homes of a similar vintage and style, suggesting a cohesive, modern streetscape. The provided "worth viewing" comparable at 113 Wapta Crescent is larger and has a higher assessed value, offering context for the upper range of similar local properties.
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