Property score
70.3
Good
Overall 70.3 · Smaller and older than most nearby homes
1,160 sqft (bottom 17%) · Built in 1974 (2 yrs older than avg)
Located in a high-income area with median household income of ~102k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 4 parks, and 1 bank/ATM nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 86%French · 2%
Past 10 years River West Park sales snapshot (~80% of all data)
162
489.9k
$333/sqft
1976
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70.3 is composed by the two sections below.
Property Score
Community Score
River West Park
How to read: Share of sales in each ~$50k price band for “river west park” (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: #46111088
$102K
Median household income
$109K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
21%
Single-person households
27%
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
2 Lipsett Crescent — 9 amenities found within 500 m, across 5 categories, including 1 education (nearest 132 m), 1 healthcare (nearest 409 m), 4 parks (nearest 143 m).
River West Park · WPS public data · 2025
Annual incidents
25
2025
vs. city avg
-15%
relative to avg
Year-over-year
▲ +4%
vs. prior year
Primary type
Property
68%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 12% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Lipsett Crescent, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,160 sqft bungalow, built in 1974, presents a practical opportunity in Winnipeg’s River West Park neighborhood. Its key appeal lies in its balance of space and value. While the living area is modest compared to immediate neighbors, the 7,806 sqft lot is significantly larger than the Winnipeg average, offering ample outdoor potential. The citywide assessed value of $414k is slightly above average, yet it sits below the averages for both the street and the neighborhood, suggesting a potentially more accessible entry point into this area.
The property would suit first-time buyers or downsizers seeking a manageable single-level home with a generous yard for gardening, recreation, or future expansion. It also appeals to the value-conscious buyer who prioritizes land size over interior square footage and is comfortable with a home that may require updates, as it is one of the older homes on its street. A thoughtful perspective is that this home offers the space and quiet of a established neighborhood without the premium price tag of a larger or fully renovated property on the same block.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
According to available data, the home last sold between $250,000 and $300,000 in March 2019. Its current assessed value of $414k is above that range, reflecting market changes. For verified, exact historical sale prices, a manual lookup can be requested.
2. Is the living space smaller than other homes nearby?
Yes. At 1,160 sqft, the living area is below the average for both Lipsett Crescent (1,448 sqft) and the wider River West Park neighborhood (1,678 sqft). However, it is close to the citywide average for comparable homes.
3. What is the standout feature of the property?
The land size. The lot of 7,806 sqft is well above the Winnipeg average (6,570 sqft), meaning you are getting more outdoor space than most city properties. This is a key asset not reflected in the interior square footage.
4. Why is the assessed value lower than the street and neighborhood averages?
The assessed value of $414k is below the averages for the immediate street ($456.5k) and neighborhood ($485.6k). This is likely due to a combination of its smaller living area, older age relative to the street, and the assessed value system which considers these factors. This can represent a value opportunity within the area.
5. Where can I see how this property compares visually to its neighbors?
A neighborhood analysis map is available for this property, allowing you to see it in context and compare details like year built, lot size, and assessed value with nearby houses.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
