Property score
68.7
Good
Overall 68.7 · Newer than most nearby homes
1,100 sqft (bottom 31%) · Built in 1958 (2 yrs newer than avg)
Located in a high-income area with median household income of ~88k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 2 schools, 3 healthcare facilitys, and 1 shop nearby
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 68%French · 2%
Past 10 years Crescent Park sales snapshot (~80% of all data)
250
701k
$402/sqft
1956
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68.7 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” (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: #46110437
$88K
Median household income
$100K
Average household income
11%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
25%
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 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
48 Garnet Bay — 22 amenities found within 500 m, across 6 categories, including 11 dining (nearest 128 m), 2 education (nearest 300 m), 3 healthcare (nearest 371 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 | Top 38% | Top 27% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Garnet Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, renovated one-storey home built in 1958 on a mature lot in Crescent Park. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location within a well-established neighbourhood and its manageable, efficient scale. With 1,100 sqft of living space, it offers a simpler, low-maintenance footprint compared to larger modern homes.
The property presents a compelling case for specific buyers. It would suit a first-time homebuyer seeking an entry point into a desirable area, or a downsizer looking to rightsize without leaving a mature community. The renovated basement adds valuable flexible space, which could function as a rec room, home office, or guest suite. A thoughtful perspective is that while the lot size is below average for the immediate street, it still provides generous outdoor space by city-wide standards, offering a balance of yard upkeep and utility. The home’s assessed value positions it as a relative value within its neighbourhood, suggesting potential for those prioritizing location over sheer size.
Section 2: Frequently Asked Questions
1. Is the home’s smaller living area a significant drawback?
Not necessarily. The 1,100 sqft layout, combined with a renovated basement, provides efficient living space. This can mean lower utility costs and less maintenance, which is ideal for individuals, couples, or small families.
2. How does the lot size compare practically?
While the land is below average for Garnet Bay, it is still nearly 6,000 sqft—a substantial size by most measures. It offers plenty of room for gardening, recreation, and privacy, but with less demanding upkeep than the largest lots on the street.
3. What does "renovated basement" typically mean for a home of this era?
For a 1958 home, a renovated basement often includes modern moisture management, updated finishes, and legal ceiling height. It’s crucial to review the specifics of the renovation, including permits, to understand the quality and scope of the work.
4. The home is older; should I be concerned about major systems?
The year built (1958) is actually above average for the neighbourhood, meaning many homes nearby are of a similar vintage. A thorough inspection is always advised to assess the condition of the roof, foundation, plumbing, and electrical systems, which may have been updated over time.
5. How stable is the property value in this location?
Crescent Park is a long-established, sought-after neighbourhood. While this specific home has a below-average assessed value for the area, this can represent a stable investment with the added benefit of being in a community with consistent demand, which can help protect long-term value.
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