100 Addison Crescent – Property Summary

Section 1: Key Characteristics & Buyer Profile

This 1,512 sqft bungalow, built in 1963, sits on a 5,633 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is its size and value relative to the immediate street: on Addison Crescent, the home ranks in the top 3% for living area and top 5% for assessed value. It is noticeably larger and more valuable than the average home on the block, while the lot and year built are right in line with street norms. At the neighborhood and city level, the home is comfortably above average on size and value—but not exceptional.

The appeal here is not a showy or recently renovated house, but a solid, spacious mid-century home that offers good interior square footage on a standard lot, in a street where it stands out. The assessed value suggests it is not overpriced relative to nearby comparables; it offers more space for roughly the same money as smaller homes in the area.

This property would suit: a buyer who values interior living space over a large yard; someone looking for a well-proportioned family home in an established, lower-key neighbourhood; or an investor or buyer who sees long-term value in being a top-tier property on a strong street, rather than an average one in a more expensive district. It is less suited to someone seeking a modern open-plan layout, a large lot for additions, or a move-in-ready flip with updated fixtures. The home’s age (1963) and average condition relative to the street’s median build year suggest it may need or has already had thoughtful updates to its systems or finishes.

Section 2: Frequently Asked Questions

1. How does this property compare to others on Addison Crescent specifically?
Very favorably. It ranks in the top 3% for living area and top 5% for assessed value on the street. This means it is one of the larger and more valuable homes on Addison Crescent, despite the lot size being about average for the block. For buyers who care about street-level prestige or resale potential relative to immediate neighbours, this is a strong position.

2. Is the assessed value of $431,000 accurate or optimistic?
The assessed value is above the street average ($361k) and neighbourhood average ($392k), but aligns closely with the home's larger size. At the city level, it sits near the middle of the pack (top 32%). There is no data suggesting it is inflated—rather, it reflects the home’s competitive advantage in square footage on a strong street. Final value will depend on condition and recent sales in Westwood.

3. What is the lot like, and is there room for expansion?
The lot is 5,633 sqft, which is average for Addison Crescent and slightly smaller than the neighbourhood and city averages. There is not significant excess land for major additions or a separate garage, but a single-storey footprint on a standard lot leaves typical backyard space. Buyers planning a large extension should check zoning and setback limits.

4. How does the home’s age (1963) affect its appeal or maintenance expectations?
The house is around average age for its street and neighbourhood, and slightly older than the median citywide. This means it is not unusually old or new for the area. Buyers should expect typical mid-century construction (likely original windows, furnace, and roof unless updated). The ranking data does not indicate whether renovations have been done—an inspection is essential.

5. Is this property better suited for a family or an investor?
Either could work, but for different reasons. A family gets a spacious, well-located home on a quiet street with good school access (Westwood has several schools nearby). An investor benefits from being a top-tier asset on a street where smaller homes are the norm, which can support higher resale or rental value relative to neighbours. The average lot and older build may limit major value-add renovations, so a buy-and-hold strategy is more realistic than a quick flip.