Property score
65.5
Good
Overall 65.5 · Smaller than most nearby homes
936 sqft (bottom 12%) · Built in 1991 (2 yrs older than avg)
Located in a high-income area with median household income of ~117k
Transit 76.0 · 1-min walk to transit with 1 nearby route · Within 500m: 6 dining spots, 1 shop, 1 park, and 1 bank/ATM nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 7%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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65.5 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: #46110760
$117K
Median household income
$136K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
14%
Single-person households
42%
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
240 Fernbank Avenue — 12 amenities found within 500 m, across 6 categories, including 6 dining (nearest 305 m), 1 shopping (nearest 429 m), 1 parks (nearest 405 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 8% | Bottom 14% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
240 Fernbank Avenue is a 936 sqft bungalow built in 1991, situated on a 4,290 sqft lot in Winnipeg's Riverbend neighborhood. With an assessed value of $348k, it presents a specific value proposition within its market.
This home’s primary appeal lies in its efficiency and relative value. While its living space is below the local averages, it sits on a lot that is larger than most on its street, offering valuable outdoor space potential in a neighborhood where lots are typically smaller. The 1991 build date is newer than the Winnipeg average, suggesting a potentially more modern construction than many city-wide options.
It would suit first-time buyers or downsizers seeking a manageable, single-level home in a stable neighborhood without a premium price tag. The data indicates you are paying less for the structure but getting a better-than-average parcel of land for the immediate area—a trade-off that can appeal to those valuing yard space over interior square footage. Its last known sale was between $250k-$300k in 2020, indicating a history of being a more affordable entry point into the area.
1. Is this home a good value compared to others on the street?
The assessed value is below the street average, while the lot size is above average. This suggests the value is more in the land than the structure, which can be attractive for future expansion or outdoor living.
2. How does the size of this home compare to the area?
At 936 sqft, the living area is below average for Riverbend and for Fernbank Avenue itself. This makes it a more compact, efficient layout suited for smaller households.
3. What is the potential for future expansion or renovation?
The lot size, which is larger than others on the street, provides a tangible asset. This could allow for an addition, a large garage, or extensive landscaping, subject to city bylaws.
4. How current is the sold price information?
The last recorded sale was in August 2020. For fully verified, exact historical sold prices and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Is the 1991 build date a positive?
Yes, especially city-wide. Being newer than about 78% of comparable homes in Winnipeg implies fewer issues associated with aging infrastructure, though a specific inspection is always recommended.
