Property score
48.3
Below average
Overall 48.3 · Smaller and older than most nearby homes
640 sqft (bottom 1%) · Built in 1940 (16 yrs older than avg)
Located in a high-income area with median household income of ~88k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 4 schools, 4 healthcare facilitys, and 1 shop nearby
Living Area
Below average
54% smaller than neighborhood avg.
Year Built
Below average
16 yrs older 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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48.3 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
978 Nesbitt Bay — 23 amenities found within 500 m, across 6 categories, including 11 dining (nearest 101 m), 4 education (nearest 214 m), 4 healthcare (nearest 182 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 10% | Bottom 1% | Bottom 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 2% | Bottom 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 978 Nesbitt Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1940, situated on a 4,356 sqft lot in Winnipeg's Crescent Park neighbourhood. Its key characteristics are defined by its modest scale: with 640 sqft of living space, it is among the smallest homes both on its street and in the wider area. The property features a basement that is present but not renovated, and it has no garage or pool.
The primary appeal lies in its land value and location within a mature neighbourhood, presenting a clear opportunity for land investment or redevelopment. The assessed value is notably low, reflecting the home's original condition and size rather than the land's potential. It would suit a specific type of buyer: either an investor looking for a lot to build on, a hands-on individual seeking an affordable entry into the neighbourhood with plans to significantly renovate or replace the existing structure, or someone needing a minimal, low-cost footprint. A less obvious perspective is that for the right buyer, the home's very small size and unrenovated state represent a blank canvas without the financial burden of paying for someone else's expensive, but potentially dated, upgrades.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value is primarily for municipal tax purposes and often lags behind market trends. The significant jump from a previous sale of $19.5k in 2019 to $190k in 2020 suggests the market value is driven by the land's redevelopment potential, not the existing structure, which the assessment may not fully capture.
2. Is the house in livable condition?
The listing notes the basement is "not renovated," which, combined with the home's age and size, strongly suggests it is a fixer-upper. It is likely suited for very basic needs or would require investment to meet modern standards.
3. What are the possibilities for expanding or rebuilding?
With a lot size that is below average for Crescent Park but near the city-wide average, there is potential. Any expansion or rebuild would be subject to local zoning bylaws, setback requirements, and permitting. The existing small footprint makes a teardown and new build a feasible consideration for many buyers.
4. How does the lack of a garage affect parking and storage?
Buyers should plan for street parking and will need creative solutions for vehicle storage in winter and general storage, given the home's small living area and unfinished basement.
5. The home ranks very low compared to neighbours on most metrics. Is that a concern?
This indicates the property is an outlier in its immediate area, typically due to its size and condition. It's not inherently a concern but defines its character: it's not for someone seeking a move-in-ready home comparable to others on the street. Instead, it represents the most affordable entry point into the neighbourhood, with value tied to future potential rather than present-day comparisons.
