303 Crestmont Drive

Fraipont, Winnipeg

Property score

83.2

Excellent

Overall 83.2 · Newer than most nearby homes

1,520 sqft (bottom 39%) · Built in 2023 (3 yrs newer than avg)

Located in a high-income area with median household income of ~120k

Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 park nearby

Living Area

Below average

9% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 55%Punjabi · 5%

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

Sold Count

764

Median price

515k

$/sqft

$359/sqft

Avg build year

2020

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Property score

83.2 is composed by the two sections below.

Property Score

78.6Good
Living Area1,520 sqft79Good
Year Built2023100Excellent
Lot Size3,690 sqft46Low
Neighbourhood Sales Activity86Excellent

Community Score

90.0Excellent
Household Income91Excellent
Education Level91Excellent
Housing Stress63Fair
Core Housing Need100Excellent
Employment Health100Excellent

Neighbourhood Sales

Fraipont

How to read: Share of sales in each ~$50k price band for “fraipont” (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: #46111207

Community deep dive

$120K

Median household income

$132K

Average household income

4%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

9%

Single-person households

49%

Families with children

Population, labour & age

Population (2021)1,509
Labour force participation rate88%
Median age31.2
Avg household size3.1
Unemployment rate2%
Population density1658 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households9%
Couple families with children49%
Median household income (2020)$120K

Housing

Renter households9%
Condominium dwellings2%
Median dwelling value (owners)$468K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority63%
Bachelor's or higher (25–64)59%
Mother tongue (1st)English · 55%
Mother tongue (2nd)Punjabi · 5%

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

Rankings

Living Area

above average
1,520 sqft
0255075100
Same streetBottom 32%Same areaBottom 39%CitywideTop 29%
Same street · Crestmont Drive
#111 / 163
Bottom 32% · Avg 1,629 sqft
Same area · Fraipont
#684 / 1,128
Bottom 39% · Avg 1,668 sqft
Citywide · Winnipeg
#56,913 / 194,458
Top 29% · Avg 1,342 sqft

Tax-Assessed Value

around average
409k
0255075100
Same streetBottom 28%Same areaBottom 9%CitywideTop 36%
Same street · Crestmont Drive
#118 / 163
Bottom 28% · Avg 465.6k
Same area · Fraipont
#1,030 / 1,128
Bottom 9% · Avg 501.8k
Citywide · Winnipeg
#70,353 / 194,458
Top 36% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetTop 21%Same areaTop 13%CitywideTop 1%

Lot Size

around average
3,690 sqft
0255075100
Same streetBottom 46%Same areaBottom 39%CitywideBottom 22%

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

303 Crestmont Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 425 m).

Search radius
🌳Parks1

Crime & Safety

Fraipont · WPS public data · 2026

Annual incidents

1

2026

vs. city avg

-97%

relative to avg

Year-over-year

-98%

vs. prior year

Primary type

Property

100%

Sales History

Sold 11/2023CA$450k–500k
Sold price

Same street

Top 46%

Same area

Bottom 46%

City-wide

Top 22%

Related homes

Highlights & common questions: 303 Crestmont Drive, Winnipeg

Property Overview: 303 Crestmont Drive, Fraipont

Key Characteristics & Appeal

This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in the Fraipont neighbourhood. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate maintenance. With 1,520 sqft of living space and an attached garage, it provides practical, contemporary family living.

The home’s standout characteristic is its age—it ranks in the top 1% citywide for being newer than comparable properties, a significant advantage in a market with an average home built in 1966. However, it presents a nuanced value proposition. Its assessed value is below average for its immediate street and neighbourhood, which could indicate a value opportunity or reflect specific lot or finishing details. The lot size is smaller than the city average, but typical for the local area, suggesting a focus on low-maintenance outdoor space rather than expansive yards.

This property would suit first-time buyers or young families seeking a modern home without the worries of older systems, and who prioritize interior space and new finishes over a large garden. It’s also a sensible choice for those looking in Fraipont who want a newer build without a premium price tag, as the data suggests it may be priced competitively within its micro-market.

Frequently Asked Questions

1. Is this a good value for a new home?
The data suggests a mixed picture. While the home is notably newer than most in the city, its assessed value is currently below the average for both Crestmont Drive and the wider Fraipont area. This could represent a value opportunity, but it’s wise to investigate the specific reasons, such as lot orientation or interior finishes, through a viewing.

2. What does the below-average lot size mean for me?
At 3,690 sqft, the lot is manageable and typical for the street. It’s suited for those who prefer less yard maintenance. For city-wide comparisons, it’s smaller than average, so buyers prioritizing large private outdoor space may need to look elsewhere.

3. How does this home compare to others on the same street?
It ranks above average for living area and year built on Crestmont Drive, meaning it’s newer and of a competitive size among its direct neighbours. Its assessed value ranks lower, which is an interesting point for further research.

4. What are the likely maintenance considerations for a 2023 build?
A home this new should have all major components (roof, HVAC, appliances) under warranty or with significant life remaining. Immediate capital expenses should be minimal, allowing budget to focus on personalization rather than repairs.

5. Why is the assessed value different from the recent sold price range shown?
The sold price range (Nov 2023: ~$43.50k - $46.50k) is historical, likely from its initial sale. The current assessed value ($40.90k) is an official valuation for tax purposes, which can differ from market value. Consulting a local real estate agent for a current market analysis is recommended.

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