78 Lismer Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1971-built home with 931 square feet of living space on a 5,981 square foot lot. The living area is below average for both its street and the city, but the assessed value of $354,000 sits notably higher than the neighbourhood average of $307,400. That gap suggests the property carries value beyond just square footage—possibly in location, lot potential, or condition. The lot itself is slightly smaller than others on Lismer Crescent but remains competitive within the Westdale area and citywide rankings.

The appeal lies in its location within an established, well-regarded neighbourhood where values tend to hold or grow over time. The year built (1971) places it newer than many homes in the city, and the street itself is one of the older clusters on the block, which can indicate a more settled, mature streetscape. The property suits buyers who prioritize neighbourhood quality and long-term value over sheer interior space. It would be a strong fit for someone willing to invest in a home with good bones in a desirable area, rather than expecting a move-in-ready, spacious interior. First-time buyers or downsizers who value location over square footage should pay attention—this isn’t a house that competes on size, but it may offer a foothold in a sought-after pocket of the city.

Five Possible FAQs

1. Why is the assessed value above the neighbourhood average when the living area is below average?
Assessed value factors in more than just square footage—location, lot size, age, and market trends all play a role. Westdale is a high-demand neighbourhood, and this home’s value likely reflects its position within that market. The lot, while not oversized by street standards, is still above the neighbourhood average, which could pull the value up.

2. How does the lot size actually compare to other homes nearby?
On Lismer Crescent, the lot is on the smaller side (ranked #39 out of 47). But within the broader Westdale neighbourhood, it sits around the middle of the pack (ranked #543 out of 1,460). Citywide, it ranks in the top third, meaning the lot is more generous than many older urban properties in Winnipeg.

3. What does “ranked #6 out of 47 on the street for year built” mean practically?
It means this home is one of the newer ones on Lismer Crescent. Most houses on the street were built around the same year or earlier, so 1971 stands out as relatively recent. Newer construction in an older street can mean fewer immediate structural concerns, but it’s worth noting the home is still over 50 years old—routine maintenance should be expected.

4. Is this a good property for someone planning renovations?
Yes, but with a caveat. The living area is below average, so adding square footage would bring it more in line with comparable homes and potentially increase value. However, the lot is smaller than the street average, which could limit expansion options. A more realistic approach might be to focus on interior updates or reconfiguring existing space rather than adding on.

5. How does this property compare to others in Westdale that are currently for sale?
This depends on the listing price, which isn’t included in the data. Generally speaking, Westdale homes with larger living areas and lots will command higher prices. This property’s strength is its assessed value relative to the neighbourhood—it’s priced above the average, which may reflect a premium for location and the newer build year. Buyers should compare it against similar-sized homes in the area to see if that premium is justified by condition and upgrades.