79.2
Good
Property score
79.2
Good
Overall 79.2
Smaller and older than most nearby homes
1,366 sqft (bottom 7%)
Built in 2018 (2 yrs older than avg)
Located in a high-income area
with median household income of ~120k
Transit 62.0
3-min walk to transit with 1 nearby route
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 55%Punjabi · 5%
Past 10 years Fraipont sales snapshot (~80% of all data)
764
515k
$359/sqft
2020
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79.2 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111207
$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
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
56 Crimson Way — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 393 m).
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%
Local garbage, recycling, and yard waste pickup schedule for 56 Crimson Way.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 41% | Bottom 35% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 56 Crimson Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2018, offers a modern foundation in the Fraipont neighborhood. With 1,366 sqft of living space, it sits around the city-wide average for size, providing a practical layout for everyday living. The property stands out for its contemporary age in a city where the typical home is much older, meaning major systems like roofing, windows, and HVAC are relatively new and likely under warranty, offering significant peace of mind.
Its primary appeal lies in being a low-maintenance, move-in-ready home in a newer development. The assessed value is notably below average for its immediate street and area, which could indicate a value opportunity for a buyer compared to neighboring homes, or reflect the specific finish level or lack of upgrades like a garage. The lot is compact at 3,367 sqft, favoring those who prefer less yard work.
This property would best suit first-time buyers or downsizers seeking a modern home without the premium price tag of a fully renovated character property. It’s also a practical fit for investors or owners who prioritize predictable upkeep costs over custom renovations. A less obvious perspective is that its "average" metrics across several categories represent stability—it’s a home that aligns closely with common benchmarks, potentially making its value and utility easy to understand and resell in the future.
Section 2: Frequently Asked Questions
1. Why is the assessed value below the area average?
While below average for Fraipont and Crimson Way, the assessment is around the city-wide median. This can be typical for newer, moderately sized homes in developing areas when compared to larger, more established properties nearby. It's advisable to review the specific assessment details and recent sales for the most accurate context.
2. What does "basement, not renovated" mean?
The home has a basement, but it has not been finished or upgraded into a formal living space. It provides essential utility and storage space, offering the potential for future development subject to permits and building codes.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. The absence of a garage keeps the purchase price and property taxes lower and simplifies exterior maintenance. For those with one vehicle or who prioritize interior space over covered parking, it can be a reasonable trade-off. On-street or driveway parking would be the alternative.
4. How does the 2023 sale price range relate to the current assessed value?
The 2023 sold price range (approximately $41.5k-$44.5k) is close to the current $40.7k assessment. This suggests the assessment is in line with recent market activity, but a current market evaluation is recommended to understand today's value.
5. What are the implications of the lot size?
At just over 3,300 sqft, the lot is smaller than many in the city. This means less outdoor maintenance and lower landscaping costs, which is a benefit for those seeking simplicity. However, it also means limited space for large gardens, expansions, or extensive outdoor recreation.
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