Property Overview

Key Characteristics & Ideal Buyer Profile

This is a 1974 bungalow with 946 square feet of living area and a 5,997-square-foot lot. The home sits on De Jong Crescent in Valley Gardens, Winnipeg. The living space is notably compact—ranking in the bottom 12% on its own street, bottom 23% in the area, and bottom 21% citywide. The lot, however, is a different story. At nearly 6,000 square feet, it ranks in the top 21% locally and top 32% citywide, giving it more outdoor space than most homes in its immediate vicinity. The assessed value sits around $327,000, which is slightly below the street average of $342,800 but roughly in line with the broader Valley Gardens median of $325,500.

The appeal here lies in the land-to-building ratio. A 1974 build means the structure is entering its fifth decade—not new, but not ancient either. For a buyer who values yard space, garage potential, or room to expand, this lot offers flexibility that the floor plan itself doesn't. The interior square footage is snug, so it likely works best as a starter home, a downsizer for someone who wants single-level living without excess space, or as a renovation project where the footprint can be reimagined. It's less suited for a family needing multiple bedrooms or large common areas unless they're willing to build an addition.

This property may also appeal to investors or flippers who see the gap between the lot's potential and the current building's modest size. In a market like Valley Gardens, homes with bigger lots and older construction often carry a premium when redeveloped, but the assessed value here suggests the market hasn't fully priced that in yet.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
At 946 square feet, it's about 16% smaller than the average on De Jong Crescent, which is 1,126 square feet. Most neighbouring homes are also smaller than the citywide average of 1,342 square feet, so the whole street leans compact, but this unit is at the smaller end of that range.

2. Is the assessed value in line with recent sales?
The assessed value of $327,000 sits below the street average ($342,800) and well below the citywide average ($390,100). However, assessments are not the same as market value—they're a snapshot used for tax purposes. A buyer should compare recent sale prices in Valley Gardens, especially for homes with similar lot sizes and older builds, to gauge whether this property is priced competitively.

3. What's the condition of the home, and should I budget for updates?
A 1974 build is now over 50 years old. While the year ranks in the top 3% on its street (most nearby homes are newer), that doesn't mean it's in pristine condition. A professional inspection is wise. Expect potential updates to roofing, windows, mechanical systems, and possibly the foundation depending on maintenance history. The square footage is modest, so renovations can be affordable relative to larger homes.

4. Is the lot large enough for an addition or a garage?
Yes. At 5,997 square feet, the lot is above average for the street (top 21%) and well above the city median. There's room for a detached garage, a shop, or a modest addition, but check local zoning bylaws—Valley Gardens may have minimum setbacks or lot coverage limits. A rear or side addition could realistically boost the living area without sacrificing the yard.

5. Who typically buys on De Jong Crescent?
Based on the rankings, the street has a mix of homes built mostly in the 1970s and 1980s, with smaller living areas but decent lots. Buyers tend to be middle-income families, retirees, or first-time buyers who want a quiet crescent location with some outdoor space. The area (Valley Gardens) is a long-established Winnipeg neighbourhood with parks, schools, and transit access, but it's not a high-density or trendy area—more stable than flashy.