Property Summary

Key Characteristics and Buyer Profile

This is a 1,078-square-foot home built in 1969 on a 6,042-square-foot lot in Winnipeg's Crestview area. Its living space is slightly below the Crestview average (1,129 sqft) and well below the citywide average (1,342 sqft), but the lot is larger than most in the neighbourhood—ranking in the top third for Crestview and top 30% citywide. The assessed value of $302,000 is close to the street average of $298,500 but below both the Crestview and Winnipeg medians, which suggests the price reflects the smaller interior rather than the land.

The appeal here is practical rather than flashy. You get a decent-sized yard in an established area without paying a premium for square footage you may not need. The 1969 build means the home is older but not historic—likely solid construction with room for updates. It’s not a standout on paper, but for someone who values outdoor space over interior size, or who wants to gradually renovate a home in a stable neighbourhood, this is a sensible option. This property would suit first-time buyers looking for more land than a condo or starter home offers, downsizers who want a manageable interior with a garden, or investors targeting a mid-century home with good bones in a well-ranked street.

Five Possible FAQs

1. Why is the assessed value lower than the Crestview average if the lot is above average?
Assessed value weighs living area heavily, and this home is smaller than the neighbourhood norm. A larger lot doesn’t always offset a smaller house in the city’s valuation model—especially in areas where lot premiums are modest. The value sits close to the street median, which suggests consistency with immediate neighbours.

2. How does a 1969 home typically hold up in terms of maintenance?
Homes from this era often have decent framing, solid foundations, and simpler mechanicals, but may need updates to insulation, windows, electrical, and plumbing depending on previous ownership. The year built is actually above average for both the street and the area, meaning it’s newer than many nearby homes—so some common issues may have already been addressed.

3. Is Crestview a good resale area?
Crestview is a stable, mid-tier Winnipeg neighbourhood with average turnover. Its appeal is largely to families and long-term owners rather than flippers. Resale value tends to track the city average, so you’re not likely to see rapid appreciation, but also not steep declines. The larger lot here is a small differentiator.

4. What does “bottom 25%” for assessed value in Crestview actually mean practically?
It means this home is in the lower quarter of values in the area. That could reflect the smaller living area, but also suggests it might be one of the more affordable entry points into Crestview. For a buyer, this could mean less competition and a lower tax bracket than pricier neighbours.

5. Should I compare this property to others on Buchanan Boulevard or to Crestview as a whole?
Both, but for different reasons. The street-by-street data shows this home is solidly mid-range on Buchanan, so you’re getting fair value relative to immediate neighbours. The broader area comparison tells you where the trade-offs are: a bigger lot than most Crestview homes, but less interior space. The citywide ranking is less useful here—it’s mainly to confirm you’re not overpaying relative to Winnipeg as a whole.