Property Summary: 302 Whitegates Crescent

Key Characteristics & Buyer Profile

This is a well-proportioned single-family home built in 1966, offering 1,676 sq ft of living space on a generous 6,973 sq ft lot. The property sits in the Westwood neighbourhood of Winnipeg. Its strongest feature is the lot size—it ranks in the top 6% on its street and top 17% citywide, which is unusual for a home in this age bracket. The living area is also solidly above average: top 7% on the street, top 14% in the community. The assessed value is moderately above the street average but closer to the city median, suggesting the price reflects the lot more than the house itself.

Where this property truly appeals is to buyers who want outdoor space without moving to a newer subdivision. The 1966 build year is essentially average for the area, meaning the home is typical of its era—likely with original structural bones but possibly dated interiors. It suits someone comfortable with updating finishes over time, or who prioritises yard size, garden potential, or future redevelopment flexibility over a move-in-ready kitchen or bathroom. It’s less suited to someone seeking modern layout trends or low-maintenance landscaping. The combination of above-average living space and a top-tier lot gives it a quiet edge in a neighbourhood where most homes are comparable in age and size.

Five Frequently Asked Questions

1. How does this home compare to others on the same street?
It ranks 7th out of 102 homes in living area and 6th in lot size. The assessed value is above the street average, but the build year is very close to the median. In short, it’s one of the larger, more land-rich homes on a street where most properties are similar in age.

2. Does a 1966 build mean major renovations are likely needed?
Not necessarily, but it depends on maintenance history. Homes from that era often have sound framing and brickwork. The more common concerns would be older windows, insulation, HVAC systems, and possibly plumbing or electrical. A pre-purchase inspection would clarify what’s original and what’s been updated.

3. How does the assessed value relate to market price?
The assessed value of $401,000 is slightly above the street and community averages, but close to the city median. This suggests the property is priced in line with typical local valuations, though a large lot can push market value beyond assessment in some cases, especially if the area has demand for lot splits or infill development.

4. What are the pros and cons of a larger lot in an established neighbourhood?
Pros: more privacy, room for gardens, sheds, or future expansion, and potential for higher long-term land value. Cons: more yard maintenance, higher property tax relative to interior size, and the possibility that the house itself is smaller or older than expected for the lot. In Westwood, larger lots are relatively uncommon in the top 20% range, which adds scarcity value.

5. Is this property suitable for investors or first-time buyers?
It leans more toward investors or experienced homeowners. The lot-to-house ratio and above-average lot ranking make it a candidate for future redevelopment or a significant renovation play. First-time buyers might find the size and yard appealing, but the build year means they should budget for potential upgrades. It’s less suited to someone wanting a low-effort, modern home.