Property score
50.3
Fair
Overall 50.3 · Smaller but newer than most nearby homes
720 sqft (bottom 2%) · Built in 1972 (5 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 3 schools, 7 parks, and 2 place of worships nearby
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Above average
5 yrs newer than neighborhood avg.
Mother tongue
English · 81%Chinese · 1%
Past 10 years Crestview sales snapshot (~80% of all data)
838
345k
$277/sqft
1967
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50.3 is composed by the two sections below.
Property Score
Community Score
Crestview
How to read: Share of sales in each ~$50k price band for “crestview” (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: #46110291
$74K
Median household income
$80K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
37%
Single-person households
18%
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
3 South Lake Drive — 12 amenities found within 500 m, across 3 categories, including 3 education (nearest 218 m), 7 parks (nearest 190 m).
Crestview · WPS public data · 2026
Annual incidents
53
2026
vs. city avg
+80%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
70%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 3% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
3 South Lake Drive is a compact, one-storey home in Winnipeg's Crestview neighbourhood. Its primary appeal lies in being an accessible entry point into the market, offering a renovated basement and a solid, well-maintained structure from 1972. The home is notably smaller (720 sqft) and has a lower assessed value than most comparable properties on its street, in Crestview, and across the city. This positions it clearly as a value-conscious option. The lot is a manageable size, just under average for the area.
This property would suit first-time buyers or downsizers seeking a straightforward, low-maintenance home without major renovations needed. Its below-average price for the street and neighbourhood could also attract investors looking for a rental property with a modernized basement suite. A thoughtful perspective is that while the home ranks low in size and value among its peers, its year-built ranking is among the newest on the street, suggesting a potentially more durable core structure than older neighbours. It represents a practical compromise: you're purchasing a smaller footprint on a modest lot, but gaining a renovated space in a well-established area.
Frequently Asked Questions
1. Is this a good value for the area?
Based on the assessed value and past sale price, this home is priced significantly below the average for both South Lake Drive and the broader Crestview area. This suggests a lower financial barrier to entry for the neighbourhood.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A prospective buyer should clarify the work done, whether it includes a legal suite, and if all permits were obtained.
3. How does the lack of a garage affect daily living?
The property has no garage. Buyers should consider street parking availability, the feasibility of adding a shed for storage, and winter vehicle maintenance without sheltered parking.
4. The home is smaller than average. How does that impact livability?
With 720 sqft of living area, efficient use of space is essential. The renovated basement likely provides crucial additional living or storage space. This layout may work well for one or two people but could feel cramped for a growing family.
5. The home sold for $20.70k in 2019. Why is the assessed value now $22.90k?
The 2019 sale price appears to be an extreme outlier, potentially indicating a non-arms-length transaction or sale under unique circumstances. The current assessed value is a municipal valuation for tax purposes and is a more reliable indicator of its standing relative to other properties.
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