Property score
77.7
Good
Overall 77.7 · Older than most nearby homes
1,592 sqft (top 49%) · 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, 2 shops, and 4 parks nearby
Living Area
Near average
5% 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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77.7 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
7 Lipsett Crescent — 11 amenities found within 500 m, across 6 categories, including 1 education (nearest 144 m), 1 healthcare (nearest 366 m), 2 shopping (nearest 466 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 | Top 33% | Bottom 49% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 7 Lipsett Crescent in Winnipeg’s River West Park neighborhood presents a balanced offering of space and value. Its key appeal lies in its generous, above-average lot size of over 10,000 sqft—a standout feature that ranks in the top 6% city-wide—paired with a practical 1,592 sqft living area. Built in 1974, it is newer than most Winnipeg homes and is the newest on its block. With an assessed value of $502k, it sits above average for both its street and the city, suggesting a solid level of investment for the area.
The property suits buyers looking for a established neighborhood with room to breathe. It’s ideal for those who prioritize outdoor space for gardening, play, or future expansion over having the largest interior on the block. The data indicates a home that offers more land than typical, in a stable setting, making it a sensible choice for growing families or anyone seeking a long-term home with a valuable and sizable yard.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold in February 2023 for between $400k and $450k. Its current assessed value of $502k is above both that sale price and the city-wide average, indicating a strong perceived increase in value.
2. Is the house larger or smaller than others nearby?
The living area is close to the average for both Lipsett Crescent and the River West Park neighborhood. Its size is more notable city-wide, where it ranks above average, but the true spatial advantage here is the lot, not the interior square footage.
3. What does the lot size ranking actually mean?
Ranking in the top 6% city-wide for land area means this property’s lot is significantly larger than most in Winnipeg. On its street, it’s about average, but within the broader neighborhood and city, the yard is a substantial and relatively rare asset.
4. The home is from 1974. What should I consider?
While it’s the newest house on its street, a 1974 build means core components like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is essential, though the newer construction date relative to city averages can be a positive.
5. How can I get the exact past sale price?
The provided sold price is an estimated range. Due to industry regulations, exact MLS sale figures are not published on this site. You can request the precise transaction history by emailing the site directly for a manual lookup.
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