67.8
Good
Property score
67.8
Good
Overall 67.8
Newer than most nearby homes
1,237 sqft (top 50%)
Built in 2013 (20 yrs newer than avg)
Located in a high-income area
with median household income of ~93k
Transit 76.0
2-min walk to transit with 1 nearby route
Within 500m: 6 dining spots, 1 shop, 1 bank/ATM, and 3 fuel stations 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
Above average
20 yrs newer than neighborhood avg.
Mother tongue
English · 74%Tagalog · 5%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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67.8 is composed by the two sections below.
Property Score
Community Score
Riverbend
How to read: Share of sales in each ~$50k price band for “riverbend” (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: #46111234
$93K
Median household income
$98K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
16%
Single-person households
31%
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
172 Fernbank Avenue — 12 amenities found within 500 m, across 5 categories, including 6 dining (nearest 224 m), 1 shopping (nearest 343 m).
Riverbend · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
47%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 29% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 172 Fernbank Avenue, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home presents a compelling mix of modern convenience and value positioning in Winnipeg's Riverbend neighborhood. Its key appeal lies in being a relatively newer (built 2013), well-sized home (1,237 sq ft) that stands out on its own street for living space, yet carries an assessed value that is notably below area averages. This creates a potential value opportunity for buyers seeking a newer build without the premium price tag often associated with one.
The home suits practical, value-conscious buyers. It's ideal for first-time homeowners or downsizers who prioritize a modern building with less immediate maintenance over a large lot, as the property sits on a smaller, more manageable parcel of land. Its below-average assessed value for the street and neighborhood could also attract investors or buyers looking for a strategic entry point into a stable area, with the understanding that outdoor space is limited compared to neighboring properties.
A less obvious perspective is its "neighborhood standout" status in terms of age. While its size and value are average or below in many comparisons, it is a significantly newer construction than most homes in Riverbend, ranking in the top 1% for year built in the neighborhood. This suggests a buyer may benefit from newer major systems and building materials, even if the floor plan or lot size reflects more contemporary, efficient designs.
Section 2: Frequently Asked Questions
1. Is the lower assessed value a red flag?
Not necessarily. The assessed value is consistently below averages for the street and neighborhood, while the living area is above average for the street. This discrepancy often reflects the property's smaller lot size and may indicate a potential value opportunity, but it's wise to have a professional inspection to rule out any specific condition issues.
2. How does the small lot size impact living here?
The land area is significantly smaller than typical for both Riverbend and Winnipeg overall. This means lower maintenance for yard work, but also limited private outdoor space for gardening, play, or expansion. It emphasizes a low-maintenance, indoor-focused lifestyle.
3. The home sold recently in 2024. What does that indicate?
The recent sale suggests a active market for this specific type of property. Reviewing the exact sold price (available by request from the site) against its assessed value and the listed comparable sales would be crucial to understanding current market valuation.
4. As a newer home in an older neighborhood, are there any trade-offs?
Potentially. While you gain modern construction, the home's smaller lot and footprint are characteristic of newer infill or subdivision designs. It might have a different character or less privacy than older, more established homes on larger lots in the same area.
5. How does it rank for livable space within the immediate area?
Very well. With 1,237 sq ft, it offers more living area than 75% of comparable homes on Fernbank Avenue itself. Inside, it feels spacious for its street, even if the lot outside is compact.
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