27 Evenwood Crescent – Property Summary

Key Characteristics & Buyer Fit

This is a 720 sqft home built in 1972 on a 3,297 sqft lot, with an assessed value of $274,000. What stands out immediately is the year built: this property is the oldest on its street (top 2%), which in a neighbourhood like Westdale often signals solid original construction and possibly original features that later builds lack. The assessed value sits above the street average ($265.8k) but well below citywide medians, suggesting the home holds its value locally without pricing into higher brackets.

The living area and land area are both below neighbourhood and city averages—this is a compact property on a modest lot. That’s not necessarily a drawback. For buyers who prioritize a manageable footprint, lower upkeep, or a location within Westdale (a sought-after area) over square footage, this could be a sensible entry point. The home would likely suit first-time buyers, downsizers, or investors looking for a property with character in an established street that already commands above-average values. The appeal lies in affordability relative to the neighbourhood, combined with a vintage that may appeal to those who value older homes’ craftsmanship over newer builds’ space.

Five Possible FAQs

1. How does this home’s size compare to others in Westdale?
It’s on the smaller side. The living area (720 sqft) falls in the bottom 6% of homes in the neighbourhood, and the lot (3,297 sqft) is in the bottom 20%. If you’re used to newer suburban layouts, this will feel compact.

2. Why is the assessed value above the street average if the home is smaller?
Assessed value reflects more than size—location on the street, condition, and recent sales all play a role. Being the oldest home on the street (built 1972) may mean it has original details or a larger footprint relative to its era, or simply that street-level demand keeps prices up.

3. Is a 1972 home likely to need major updates?
Possibly, depending on what’s been done. Many homes from that era have original mechanicals (furnace, roof, windows) that start needing replacement around the 40–50 year mark. It’s worth asking about recent upgrades, but don’t assume it’s outdated—some sellers update gradually.

4. How does this property compare to the citywide median for assessed value?
It’s about $116,000 below the citywide average of $390,100 (top 77% ranking). That gap is notable—it suggests you’re paying below Winnipeg’s typical home price, though you’re also getting below-average living and land area.

5. Would this home be good for a rental or investment property?
Potentially, if the neighbourhood rents well. Westdale tends to attract tenants who value location and older character over size. The compact layout and lower purchase price relative to the area could mean a solid yield, but run the numbers on any necessary repairs before assuming profitability.