Property Summary

Key Characteristics & Buyer Profile

This is a 1962-built single-family home at 21 Peary Crescent, located in the Westwood area of Winnipeg. It offers 1,473 sq ft of living space on a 6,796 sq ft lot. The assessed value for property tax purposes is $447,000.

What stands out most is the land. The lot is larger than average—not just on its street, but compared to the broader Westwood neighbourhood and the city as a whole. That’s worth noting because generous lots in established areas are becoming harder to find. The living space is solidly average (middle of the street, slightly above average for the neighbourhood and city), so the home itself isn’t oversized, but the yard leaves room for expansion, gardening, or simply more outdoor space than many newer subdivisions offer.

The assessed value is noticeably above average locally and city-wide, which suggests this property holds its value well relative to its peers. That could be partly due to the lot size, partly due to location or the condition of the home (though the data doesn’t speak to finishes or updates). The build year is typical for the street and the city, but slightly older than the Westwood average—meaning the home is on par with many neighbouring properties, not an outlier in age.

This property would likely suit buyers who want an established neighbourhood with room to breathe outdoors. It may appeal to those planning to renovate or expand, given the lot size, as well as families who value yard space over a larger house. It’s less suited for someone looking for a turnkey property with modern square footage or a new build.

Frequently Asked Questions

1. How does the property’s value compare to similar homes nearby?
The assessed value of $447,000 is above average for the street (where the average is around $413,000) and well above the Westwood neighbourhood average of $392,000. It ranks in the top 20% on Peary Crescent and the top 16% in the wider area. That suggests it’s considered a higher-value property compared to its immediate peers.

2. Is the lot really that much bigger than average?
Yes. The lot is 6,796 sq ft. That’s above average on the street (6,860 sq ft average, so close), but clearly above the Westwood average of 6,491 sq ft and the city average of 6,570 sq ft. It ranks in the top 19% city-wide for lot size, which is significant for an established neighbourhood.

3. How old is the house, and is that a concern?
The home was built in 1962. That’s typical for the street and for Winnipeg as a whole, but slightly older than the Westwood neighbourhood average (1966). Age isn’t necessarily a drawback, but buyers should budget for potential updates to mechanicals, windows, roofing, or insulation depending on what’s been done since. The data doesn’t indicate condition or renovations.

4. How does the living space compare to other homes in the area?
At 1,473 sq ft, the living area is close to the street average (1,488 sq ft) and slightly above the neighbourhood and city averages (both around 1,340–1,370 sq ft). It ranks in the top third city-wide, so the home offers a comfortable amount of space without being unusually large.

5. What type of buyer typically looks at this kind of property?
People who want an established neighbourhood with a decent-sized yard, and are open to a home that may need some updating or personalization. It’s also attractive to buyers who see the lot as an asset for future additions, a shop, or simply more outdoor living space than newer homes often provide. Investors or flippers might take interest if the assessed value leaves room for improvement.