Property Overview: 118 Columbus Crescent, Winnipeg

Key Characteristics & Buyer Profile

This is a 1,185 sqft home built in 1964 on a 5,560 sqft lot in Westwood. Compared to similar properties, it has a smaller-than-average living area and lot size for its street and neighbourhood. The assessed value of $342k is also below the local averages of $392k to $400k, placing it in the lower tier for the area. However, citywide, the property ranks closer to the middle—meaning it’s not an outlier for Winnipeg as a whole.

The appeal here is primarily value-oriented. This is not a premium or standout property in its immediate neighbourhood, which works in a buyer’s favour if they are looking for an entry point into Westwood without paying a premium for above-average lot size or square footage. It’s a solid, unremarkable, mid-century home that likely needs some updating or presents an opportunity to get into a decent area at a lower price point than neighbours. It would suit a first-time buyer looking for something functional in an established neighbourhood, or an investor seeking a property with potential to add value through renovations. Buyers focused on square footage or a large yard should look elsewhere on the street, but those prioritizing location and budget over size will find this property more practical than the averages suggest.

Five Possible FAQs

1. How does the lot size compare to other homes on Columbus Crescent?
It’s below average. The lot is 5,560 sqft, while the street average for similar homes is about 6,143 sqft. You’re getting less land than most neighbours, but still a standard suburban lot for the city.

2. Is this property overpriced based on its assessed value?
It’s assessed at $342k, which is below both the street average ($399.8k) and neighbourhood average ($392.1k). That suggests the assessment reflects the smaller size and lot already, so the asking price should be in line with that if it’s set near the assessed value.

3. What’s the condition of a 1964-built home like this?
No specific condition details are in the data, but 1964 construction typically means original mechanicals, windows, and roof may be nearing end-of-life unless they’ve been updated. It’s worth a thorough inspection for aging structure and systems. The ranking shows it’s around average for age compared to nearby homes (built 1966 on average), so it’s not unusually old for the area.

4. How does this property compare to others in Westwood overall?
It ranks below average in Westwood for assessed value (76th percentile) and lot size (71st percentile), and around average for age. It’s not a top pick within the neighbourhood, but it’s not the lowest tier either—it sits in the middle-to-lower range for most metrics.

5. What’s the neighbourhood like for resale value?
Westwood as a neighbourhood is around average citywide for assessed values. This specific property is below normal for the area, so resale will depend heavily on upgrades. The potential for equity growth is there if you buy under market and improve, but the lot and square footage caps are a ceiling—you can’t make the house bigger or the yard larger.