347 Crestmont Drive

Fraipont, Winnipeg

Property score

81.7

Excellent

Overall 81.7 · Smaller but newer than most nearby homes

1,404 sqft (bottom 15%) · Built in 2024 (4 yrs newer than avg)

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

Transit 52.0 · 6-min walk to transit with 1 nearby route · Within 500m: 1 park nearby

Living Area

Below average

16% smaller than neighborhood avg.

Year Built

Above average

4 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

81.7 is composed by the two sections below.

Property Score

76.2Good
Living Area75
1,404 sqftGood
Year Built100
2024Excellent
Lot Size46
3,692 sqftLow
Neighbourhood Sales Activity86
Excellent

Community Score

90.0Excellent
Household Income91
Excellent
Education Level91
Excellent
Housing Stress63
Fair
Core Housing Need100
Excellent
Employment Health100
Excellent

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

around average
1,404 sqft
0255075100
Same streetBottom 4%Same areaBottom 15%CitywideTop 35%
Same street · Crestmont Drive
#157 / 163
Bottom 4% · Avg 1,629 sqft
Same area · Fraipont
#961 / 1,128
Bottom 15% · Avg 1,668 sqft
Citywide · Winnipeg
#68,732 / 194,458
Top 35% · Avg 1,342 sqft

Tax-Assessed Value

around average
395k
0255075100
Same streetBottom 6%Same areaBottom 2%CitywideTop 40%
Same street · Crestmont Drive
#153 / 163
Bottom 6% · Avg 465.6k
Same area · Fraipont
#1,105 / 1,128
Bottom 2% · Avg 501.8k
Citywide · Winnipeg
#77,040 / 194,458
Top 40% · Avg 390.1k

Year Built

Elite
2024
0255075100
Same streetTop 1%Same areaTop 1%CitywideTop 1%

Lot Size

around average
3,692 sqft
0255075100
Same streetTop 45%Same areaBottom 41%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

347 Crestmont Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 448 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 1/2024CA$450k–500k
Sold price

Same street

Top 40%

Same area

Top 50%

City-wide

Top 20%

Related homes

Highlights & common questions: 347 Crestmont Drive, Winnipeg

Property Overview: 347 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home at 347 Crestmont Drive is a modern property, built just two years ago in the Fraipont neighbourhood. Its primary appeal lies in its new construction, offering move-in readiness and contemporary building standards without the wait or uncertainty of a new build. With 1,404 sqft of living space, an attached garage, and a basement (unrenovated), it provides a practical layout for everyday living.

The home’s standout characteristic is its age—it ranks in the top 1% for being newly built compared to homes on its street, in Fraipont, and across Winnipeg. This is a significant advantage in a market where many homes are decades older. However, the data presents a nuanced picture: while very new, its living space and assessed value are below average for the immediate Crestmont Drive area and Fraipont, but align more closely with city-wide averages. This suggests you are purchasing modernity and efficiency over sheer size. The lot is a manageable 3,692 sqft, typical for the street but smaller than the Winnipeg average.

This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home in a developed neighbourhood. It’s also a sensible choice for value-focused buyers who prioritize new mechanical systems, insulation, and building codes over having the largest home on the block. The unrenovated basement presents a blank canvas for future expansion.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data suggests a trade-off. You are paying for a newer home. Its assessed value and living area are below the current averages for Crestmont Drive and Fraipont, but its newness is a premium feature that may justify this for buyers wanting modern construction.

2. What does the "below average" ranking for size and value on the street mean?
It means that compared to most of its immediate neighbours on Crestmont Drive, this home has less living space and a lower assessed value. This isn’t necessarily negative—it can mean lower property taxes and a competitively priced entry point into a street of larger, potentially older homes.

3. The home is very new. Are there any major drawbacks?
The basement is noted as unrenovated, so finishing it would require additional investment. Also, newer subdivisions can have smaller lots; this lot is under 4,000 sqft, which is smaller than the Winnipeg average, so outdoor space may be more limited.

4. How reliable are the sold price estimates shown?
The listed sold price range (e.g., $44.5k ~ $47.5k for 1/2024) is based on public data and is an estimate. The page notes that for the exact historical sold price, you must request it via email from the service, as they verify records manually.

5. What are the comparable nearby properties like?
The listing shows nearby homes on Crestmont Drive (like 343, 351) are all very close in proximity, indicating a tight-knit street. Directly comparable properties suggested are 357 and 333 Crestmont, which are also very new (2023 builds), slightly larger in living area, and have a correspondingly higher assessed value.