Key Characteristics & Buyer Profile

This is a 1,905-square-foot single-family home on Peary Crescent, built in 1962. Its strongest feature is interior space: within its own street, it ranks second out of 20 homes for living area, placing it in the top 10%. That advantage holds across the Westwood neighbourhood (top 8%) and across Winnipeg as a whole (top 13%). In plain terms, it offers noticeably more room than most comparable homes nearby.

The property sits on a 6,590-square-foot lot. That’s slightly below the average for its own street but still above average for the neighbourhood and city—meaning the yard is generous, even if not the largest on the block. The assessed value (around $436,000) is higher than the street, neighbourhood, and city averages, which reflects the living space rather than any speculative premium.

The appeal here is fairly direct: a buyer gets more square footage for their money in a stable, mid-century neighbourhood. The home isn’t new—its construction year is typical for the street but older than much of the surrounding area—so it may need updates or maintenance depending on what’s been done since 1962. That said, larger floor plans from that era often allow for flexible layouts and good natural light.

This property would suit buyers who prioritize interior space over a brand-new build or the largest lot on the street. It’s a reasonable fit for a family needing room to spread out, or for someone who values proportions and solid construction over trendier finishes. The neighbourhood context suggests steady values rather than rapid appreciation, so it’s more suited to long-term owners than flippers.

Five Possible FAQs

1. How does the living space compare to other homes in Westwood?
It’s in the top 8% of the neighbourhood for square footage. The average home in Westwood is about 1,372 square feet, so this property is roughly 40% larger than typical homes in the area.

2. Is the lot size a concern?
The lot is 6,590 square feet. That’s smaller than the average on Peary Crescent itself, where lots tend to run closer to 6,860 square feet. But it’s still above average for both the neighbourhood and the city, so it’s not small—just not the standout feature the interior space is.

3. What does the build year (1962) mean for maintenance?
Homes from this era often have solid framing and good bones, but systems like plumbing, electrical, roofing, and windows may be original or near end-of-life. A home inspection is strongly recommended. Some buyers see this as an opportunity to modernize gradually, while others prefer something more recent.

4. How does the assessed value compare to similar homes?
The assessed value ($436,000) is above average for the street, neighbourhood, and city. That’s consistent with the larger living area. The property isn’t overvalued relative to its size, but it does sit in a higher tax bracket than many nearby homes.

5. What kind of neighbourhood is Westwood?
Westwood is a well-established residential area in Winnipeg, largely developed in the mid-20th century. It’s known for mature trees, quiet streets, and a mix of bungalows and two-storey homes. It’s not a trendy or rapidly changing area, which appeals to buyers looking for stability and established community services rather than new developments.