Property Summary – Ken Butchart Crescent, Winnipeg

Key Characteristics & Buyer Profile

This property offers an unusually low entry point into the Winnipeg market, with an assessed value well below average for its street, neighbourhood, and the city as a whole. The living area is also rated in the bottom percentile citywide, meaning the home is compact. The land, however, is roughly average at 3,778 square feet — a detail that matters more than the house's size for certain buyers. The year of construction falls in line with the surrounding area.

The appeal here is not in a turnkey home or a large floor plan. Instead, it lies in the land-to-value ratio and the potential for a buyer who prioritizes location over square footage or who is willing to invest in renovations. This property would suit first-time buyers looking for an affordable foothold in a city with relatively stable prices, or investors seeking a lower-cost entry into a neighborhood where the land itself retains average value. It is less suited for anyone wanting a move-in-ready home or a house that compares favourably with its neighbours on size or condition.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on the same street?
The ranking (bottom 1%) suggests the home is significantly smaller, older, or in lesser condition than others in the immediate area. Assessed value reflects the combination of living area, lot size, age, and overall condition relative to comparable properties.

2. Does a below-average living area mean the house is too small for most buyers?
Not necessarily. For a single person, couple, or small family, a compact home can be efficient and more affordable. The trade-off is less storage and less room to grow. What matters is whether the layout works for your daily life, not just the square footage.

3. Should I be worried that the home ranks in the bottom 1% citywide?
It depends on your priorities. A low ranking in living area and value often correlates with lower purchase price and property taxes. If you are buying primarily for the land, the location, or as a renovation project, these rankings are less of a concern. If you plan to resell soon without improvements, the low ranking may limit appreciation.

4. What does “land area around average” actually mean for this property?
It means the lot size is typical for the street and neighbourhood. For a home with a small living area, an average lot can offer yard space, room for an addition, or simply more outdoor living space — a feature that is sometimes overlooked when the house itself is modest.

5. How can I get a clearer picture of this home compared to nearby houses?
The "neighbourhood analysis page" provides a map view and allows you to compare year built, living area, assessed value, and lot size with adjacent properties. This is useful for seeing whether the home is an outlier or part of a cluster of similar homes on the block.