2-228 Academy Road

Crescentwood, Winnipeg

Property score

70.2

Good

Overall 70.2 · Larger but older than most nearby homes

1,535 sqft (top 19%) · Built in 1919 (48 yrs older than avg)

Located in a high-income area with median household income of ~149k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 2 schools nearby

Living Area

Above average

22% larger than neighborhood avg.

Year Built

Below average

48 yrs older than neighborhood avg.

Mother tongue

English · 79%French · 2%

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

Sold Count

85

Median price

243k

$/sqft

$203/sqft

Avg build year

1967

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Property score

70.2 is composed by the two sections below.

Property Score

59.5Fair
Living Area79
1,535 sqftGood
Year Built16
1919Low
Neighbourhood Sales Activity67
Good

Community Score

86.3Excellent
Household Income93
Excellent
Education Level91
Excellent
Housing Stress74
Good
Core Housing Need100
Excellent
Employment Health42
Low

Neighbourhood Sales

Crescentwood

How to read: Share of sales in each ~$50k price band for “crescentwood” (Condos, 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: #46110662

Community deep dive

$149K

Median household income

$252K

Average household income

11%

Low income (LIM-AT)

0.5

Income inequality (Gini)

8.4

P90 / P10 ratio

18%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)478
Labour force participation rate54%
Median age48.0
Avg household size2.6
Unemployment rate17%
Population density1327 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households18%
Couple families with children35%
Median household income (2020)$149K

Housing

Renter households25%
Condominium dwellings8%
Median dwelling value (owners)$750K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority11%
Bachelor's or higher (25–64)54%
Mother tongue (1st)English · 78%
Mother tongue (2nd)French · 2%

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

Rankings

Living Area

above average
1,535 sqft
0255075100
Same streetTop 41%Same areaTop 19%CitywideTop 8%
Same street · Academy Road
#11 / 27
Top 41% · Avg 1,675 sqft
Same area · Crescentwood
#33 / 170
Top 19% · Avg 1,258 sqft
Citywide · Winnipeg
#2,081 / 26,841
Top 8% · Avg 1,042 sqft

Tax-Assessed Value

above average
345k
0255075100
Same streetBottom 19%Same areaTop 38%CitywideTop 19%
Same street · Academy Road
#22 / 27
Bottom 19% · Avg 484.3k
Same area · Crescentwood
#64 / 170
Top 38% · Avg 338k
Citywide · Winnipeg
#5,128 / 26,841
Top 19% · Avg 256.1k

Year Built

below average
1919
0255075100
Same streetBottom 15%Same areaBottom 19%CitywideBottom 4%

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

2-228 Academy Road — 2 amenities found within 500 m, across 1 categories, including 2 education (nearest 138 m).

Search radius
🏫Education2

Crime & Safety

Crescentwood · WPS public data · 2026

Annual incidents

23

2026

vs. city avg

-22%

relative to avg

Year-over-year

-90%

vs. prior year

Primary type

Property

87%

Sales History

Sold 12/2022CA$300k–350k
Sold price

Same street

Bottom 33%

Same area

Top 24%

City-wide

Top 15%
Sold 6/2016CA$300k–350k
Sold price

Same street

Bottom 29%

Same area

Top 28%

City-wide

Top 18%

Related homes

Highlights & common questions: 2-228 Academy Road, Winnipeg

Property Overview

This is a 1,535 sqft property built in 1919, located at 2-228 Academy Road in Winnipeg's established Crescentwood neighbourhood. It last sold in December 2022 for $34,500. The home has no basement, pool, or garage.

Key Characteristics & Appeal

The primary appeal of this property lies in its location and value proposition within a desirable area. While the 1919 build date makes it older than most homes on its street and in the neighbourhood, its living space is notably above average for both Crescentwood and Winnipeg overall. This suggests a home that may have been expanded or simply offers more generous proportions than many others. The assessed and recent sale value is modest for Academy Road itself, but sits above the Winnipeg average, positioning it as a more accessible entry point into a prime crescentwood location. It would likely suit a value-conscious buyer looking for character and space in a mature neighbourhood, who is comfortable with an older home that lacks certain modern amenities like a basement or garage. A thoughtful perspective is that this could represent a "blank canvas" property on a prestigious road—offering the address and lot potential without the premium price of a fully renovated home, appealing to those with a vision for gradual updates.

Frequently Asked Questions

1. Why is the sale price so much lower than typical Winnipeg home prices?
The listed sale price of $34,500 reflects the assessed value, not a typical market price for a single-family home. This is very likely a condominium-style property (such as a duplex unit or townhouse) where the value represents the unit itself, not a standalone lot and building.

2. What does the "Top %" ranking for Year Built mean?
The data shows this 1919 home is older than most comparable properties. It ranks in the top 85% on its street (meaning 85% of comparable homes on Academy Road are newer), and top 96% citywide, indicating it is among the oldest 4% of similar properties across Winnipeg.

3. If there's no basement or garage, where is the mechanical systems and storage?
In older homes without basements, furnaces, water heaters, and electrical panels are typically housed in a utility room on the main floor. Storage and laundry space would be limited to closets and potentially a main-floor area, which is a key layout consideration for buyers.

4. The living area is above average, but the value is below average for Academy Road. What does this indicate?
This combination suggests the home's interior space is a strong asset, but its older age, condition, and/or specific features (like the lack of basement and garage) likely keep its value lower than newer or more updated homes on the same desirable street.

5. Who would this property suit best?
It best suits a buyer prioritizing location and interior space over modern conveniences. It could be a project for someone willing to update an older character home, or a practical choice for someone who wants the Crescentwood address without a large mortgage, accepting the trade-offs in amenities.