40 Demers Place

Richmond Lakes, Winnipeg

Property score

58.9

Fair

Overall 58.9 · Smaller but newer than most nearby homes

873 sqft (bottom 30%) · Built in 1997 (14 yrs newer than avg)

Located in a above-average income area with median household income of ~79k

Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 5 parks nearby

Living Area

Below average

15% smaller than neighborhood avg.

Year Built

Above average

14 yrs newer than neighborhood avg.

Mother tongue

English · 66%French · 5%

Past 10 years Richmond Lakes sales snapshot (~80% of all data)

Sold Count

249

Median price

352.6k

$/sqft

$339/sqft

Avg build year

1983

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

58.9 is composed by the two sections below.

Property Score

50.2Fair
Living Area32
873 sqftLow
Year Built84
1997Excellent
Lot Size81
6,042 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

72.0Good
Household Income76
Good
Education Level72
Good
Housing Stress52
Fair
Core Housing Need76
Good
Employment Health68
Good

Neighbourhood Sales

Richmond Lakes

How to read: Share of sales in each ~$50k price band for “richmond lakes” (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: #46110957

Community deep dive

$79K

Median household income

$89K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

27%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)870
Labour force participation rate64%
Median age34.8
Avg household size2.5
Unemployment rate9%
Population density4142 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households27%
Couple families with children26%
Median household income (2020)$79K

Housing

Renter households33%
Condominium dwellings27%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)25%
Visible minority31%
Bachelor's or higher (25–64)35%
Mother tongue (1st)English · 65%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
873 sqft
0255075100
Same streetBottom 6%Same areaBottom 30%CitywideBottom 14%
Same street · Demers Place
#15 / 16
Bottom 6% · Avg 1,316 sqft
Same area · Richmond Lakes
#436 / 622
Bottom 30% · Avg 1,030 sqft
Citywide · Winnipeg
#166,947 / 194,458
Bottom 14% · Avg 1,342 sqft

Tax-Assessed Value

around average
349k
0255075100
Same streetBottom 37%Same areaTop 42%CitywideBottom 46%
Same street · Demers Place
#10 / 16
Bottom 37% · Avg 412.8k
Same area · Richmond Lakes
#262 / 622
Top 42% · Avg 350.5k
Citywide · Winnipeg
#105,277 / 194,458
Bottom 46% · Avg 390.1k

Year Built

Elite
1997
0255075100
Same streetTop 31%Same areaTop 3%CitywideTop 19%

Lot Size

above average
6,042 sqft
0255075100
Same streetBottom 31%Same areaTop 23%CitywideTop 30%

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

40 Demers Place — 9 amenities found within 500 m, across 5 categories, including 1 education (nearest 457 m), 1 healthcare (nearest 170 m), 1 shopping (nearest 333 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks5
Fuel Stations1

Crime & Safety

Richmond Lakes · WPS public data · 2025

Annual incidents

29

2025

vs. city avg

-2%

relative to avg

Year-over-year

0%

vs. prior year

Primary type

Property

72%

Sales History

40 Demers Place: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes