Property score
45.8
Below average
Overall 45.8 · Smaller and older than most nearby homes
522 sqft (bottom 7%) · Built in 1959 (23 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 4 schools, 1 shop, and 3 parks nearby
Living Area
Below average
51% smaller than neighborhood avg.
Year Built
Below average
23 yrs older than neighborhood avg.
Mother tongue
English · 78%Punjabi · 2%
Past 10 years Crescent Park sales snapshot (~80% of all data)
38
375.5k
$308/sqft
1982
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45.8 is composed by the two sections below.
Property Score
Community Score
Crescent Park
How to read: Share of sales in each ~$50k price band for “crescent park” (Condos, 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: #46110439
$87K
Median household income
$122K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
31%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
1-1462 Pembina Highway — 20 amenities found within 500 m, across 5 categories, including 11 dining (nearest 76 m), 4 education (nearest 367 m), 1 shopping (nearest 106 m).
Crescent Park · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
88%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 5% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, 522 sqft property built in 1959, located at 1-1462 Pembina Highway in Winnipeg's Crescent Park area. Its key defining characteristic is its exceptionally low price point, reflected in a most recent sale price of $11.5k and an assessed value of $11.9k. The data indicates it ranks consistently below average in its immediate area and city-wide for year built, size, and value. There is no basement, garage, or pool noted.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its ultra-low barrier to entry. It represents one of the most affordable ownership opportunities in Winnipeg, suited for a very specific buyer. Its minimal carrying costs could free up capital for other investments or living expenses.
Who It Suits: This property is a potential fit for an extremely budget-conscious, hands-on buyer looking for a minimal footprint. It could serve as a basic shelter-first investment, a tear-down candidate for future redevelopment (subject to zoning), or a strategic purchase for land value on a high-traffic corridor like Pembina Highway. It is not suited for those seeking move-in ready comfort, space, or traditional amenities.
Thoughtful Considerations: Beyond the price, its position directly on Pembina Highway offers high visibility and potential commercial utility, though this comes with constant traffic noise. The fact that several other units share the same address suggests a possible multi-plex or condominium structure, which requires careful investigation into ownership type, fees, and bylaws. The low assessed value also implies correspondingly low property taxes, a significant ongoing financial advantage.
Section 2: Frequently Asked Questions
1. Is this a house or a condo/unit?
The listing does not specify a building type, but the addressing format (Unit 1 at a shared street number) and lack of noted land size strongly suggest it is part of a multi-unit building, like a condominium or apartment block. This must be verified.
2. Why is the price so low?
The combination of a very small living area (522 sqft), an older building (1959), and the rankings showing it is below average in every metric for its area indicate a property in basic condition with functional or cosmetic limitations. The price reflects these factors.
3. What are the monthly fees or condo charges?
This is a critical question. If it is a condominium, there will be monthly fees covering shared expenses. The listing does not mention any, so this information must be obtained directly, as fees could significantly impact the total cost of ownership.
4. Is it livable in its current state?
Given the data, it is likely in need of updates or repairs. A professional inspection is essential to understand the condition of major systems (plumbing, electrical, roof) and what immediate investments are required to make it habitable.
5. What is the potential for this property?
Potential is highly dependent on its zoning and ownership structure. Uses could range from a bare-bones personal residence to a rental property, or it may hold long-term value for eventual redevelopment of the site. All of these paths require substantial due diligence.
