79.6
Good
Property score
79.6
Good
Overall 79.6
Smaller but newer than most nearby homes
1,389 sqft (bottom 13%)
Built in 2023 (3 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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Above average
3 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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79.6 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
98 Twintree Way — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 303 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 46% | Top 38% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 98 Twintree Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2023, offering a move-in-ready opportunity with the benefits of a newer construction. Its key appeal lies in its contemporary foundation within a neighbourhood of similar recent builds. With 1,389 sqft of living space, it is notably compact compared to other homes on its street and in Fraipont, but aligns closely with the average size citywide. This efficient layout may suit buyers looking for a modern home without the upkeep of a larger footprint.
The property’s assessed value is significantly below average for its immediate area, which presents a more accessible price point into a newer community. This combination of a recent build year and a lower assessment creates a distinct profile: it’s a modern home that is priced modestly within its local context. It would suit first-time buyers or downsizers seeking a newer, low-maintenance property without a premium price tag, or investors looking for a modern rental in a developing area. A thoughtful perspective is that while the lot size is smaller than most in the city, this translates to less exterior maintenance, aligning well with a lock-and-leave lifestyle.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the home is new, its assessed value is in the bottom tier for Twintree Way and Fraipont. This is likely due to its more compact living area compared to other recent builds nearby, which directly influences municipal valuation.
2. What does the "below average" living area ranking mean for daily life?
It means the home’s square footage is smaller than most on its street. This indicates efficient, potentially open-concept living spaces suited to individuals, couples, or small families, but may feel cramped for those needing multiple dedicated rooms.
3. Are there any major drawbacks to such a new build?
A primary consideration is the lack of a garage, which is notable in Winnipeg’s climate. The basement exists but is unrenovated, representing both a drawback in finished space and an opportunity for future customization.
4. How does the lot size impact the property?
At 3,124 sqft, the lot is average for the street but below average for the wider city. This means smaller private outdoor space, which simplifies yard maintenance but may limit expansion or landscaping ambitions.
5. What is the neighbourhood context?
Fraipont appears to be a newer development, as most comparison homes were built around 2020-2023. You’ll be surrounded by modern homes, but community amenities like mature trees and established local businesses may still be developing.
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