948 Crescent Drive

Crescent Park, Winnipeg

Property score

60.8

Fair

Overall 60.8 · Smaller than most nearby homes

936 sqft (bottom 5%) · Built in 1954 (2 yrs older than avg)

Located in a high-income area with median household income of ~115k

Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 3 schools, 5 healthcare facilitys, and 1 shop nearby

Living Area

Below average

33% smaller than neighborhood avg.

Year Built

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 83%Chinese · 5%

Past 10 years Crescent Park sales snapshot (~80% of all data)

Sold Count

250

Median price

701k

$/sqft

$402/sqft

Avg build year

1956

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Property score

60.8 is composed by the two sections below.

Property Score

42.4Low
Living Area42
936 sqftLow
Year Built36
1954Low
Lot Size53
4,286 sqftFair
Neighbourhood Sales Activity42
Low

Community Score

88.3Excellent
Household Income90
Excellent
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

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.

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: #46110438

Community deep dive

$115K

Median household income

$190K

Average household income

6%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

24%

Single-person households

29%

Families with children

Population, labour & age

Population (2021)435
Labour force participation rate64%
Median age52.4
Avg household size2.4
Unemployment rate7%
Population density612 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households24%
Couple families with children29%
Median household income (2020)$115K

Housing

Renter households10%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)21%
Visible minority17%
Bachelor's or higher (25–64)54%
Mother tongue (1st)English · 82%
Mother tongue (2nd)Chinese · 4%

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

Rankings

Living Area

below average
936 sqft
0255075100
Same streetBottom 28%Same areaBottom 5%CitywideBottom 20%
Same street · Crescent Drive
#39 / 54
Bottom 28% · Avg 1,346 sqft
Same area · Crescent Park
#739 / 781
Bottom 5% · Avg 1,396 sqft
Citywide · Winnipeg
#155,439 / 194,458
Bottom 20% · Avg 1,342 sqft

Tax-Assessed Value

around average
351k
0255075100
Same streetBottom 28%Same areaBottom 12%CitywideBottom 47%
Same street · Crescent Drive
#39 / 54
Bottom 28% · Avg 440.7k
Same area · Crescent Park
#691 / 781
Bottom 12% · Avg 458.1k
Citywide · Winnipeg
#103,913 / 194,458
Bottom 47% · Avg 390.1k

Year Built

around average
1954
0255075100
Same streetTop 50%Same areaTop 38%CitywideBottom 33%

Lot Size

around average
4,286 sqft
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 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

948 Crescent Drive — 23 amenities found within 500 m, across 6 categories, including 11 dining (nearest 137 m), 3 education (nearest 275 m), 5 healthcare (nearest 188 m).

Search radius
🍽️Dining11
🏫Education3
🏥Healthcare5
🛒Shopping1
🌳Parks2
Worship1

Crime & Safety

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%

Sales History

Sold 3/2018CA$250k–300k
Sold price

Same street

Bottom 26%

Same area

Bottom 13%

City-wide

Bottom 33%

Related homes

Highlights & common questions: 948 Crescent Drive, Winnipeg

Property Overview & Key Characteristics

This is a compact, one-storey home built in 1954 on a mature lot in Crescent Park. Its primary appeal lies in its renovated basement and its position as a more affordable entry point into a well-established neighbourhood. The home itself is modest in size at 936 sqft, placing it below average for both the street and the area, which suggests a cozy, low-maintenance footprint. The lot size is also smaller than most in Crescent Park, but this translates to less yard upkeep. A thoughtful perspective is that this property represents a classic "value play"—it allows a buyer to secure a location in a desirable area while investing primarily in the structure and its potential, rather than paying a premium for extensive land. It would suit first-time buyers, downsizers looking to simplify, or practical investors seeking a renovate-and-hold rental property in a stable area.

Frequently Asked Questions

1. Is the home in move-in condition?
While specific interior condition isn't detailed, the listing confirms a renovated basement, suggesting key updates have been made. The main living area's smaller size and vintage (1954) indicate that the main floor may benefit from modernization to suit contemporary tastes.

2. How does the property's value compare to the area?
The home's assessed value is below the average for both Crescent Drive and the broader Crescent Park neighbourhood. This lower valuation is consistent with its below-average living and land area, indicating it is priced as a more accessible option within the area.

3. What are the implications of having no garage?
The lack of a garage is a trade-off for the property's affordability. Buyers should factor in the cost and feasibility of adding off-street parking or a storage shed, and consider on-street parking availability, especially during Winnipeg winters.

4. The lot is smaller than area averages. Is that a disadvantage?
It depends on your priorities. A smaller lot means less private outdoor space and garden potential, but it also requires significantly less maintenance, time, and expense—a notable advantage for those seeking a simpler lifestyle or who prefer to spend their time elsewhere.

5. Why was the last sale price in 2018 so much lower than the assessed value?
The 2018 sale price of $28.3k was likely for the land value only, or for the property in a pre-renovation state. The current assessed value of $35.1k reflects the property post-basement renovation and general market changes, though it remains a value-oriented assessment for the area.