33 Peary Crescent – Property Summary

1. Key Characteristics, Appeal, and Suitability

This is a 1963-built home on Peary Crescent in Winnipeg’s Westwood neighbourhood. It offers 1,588 square feet of living space on a 6,875-square-foot lot. Relative to comparable homes, it ranks above average across all key metrics: living area (top 20% on the street), assessed value (top 15% on the street), and lot size (top 20% on the street). The home was built the same year as most others on the street (1963), putting it in the older half of the neighbourhood but still typical for the immediate block.

The appeal here is straightforward: you’re getting more space and a larger lot than most nearby homes, at a value that ranks higher than the street average, but not dramatically so. It’s not a standout in any one extreme way—rather, it’s a solid, consistent performer across all categories. That makes it suited to buyers who want a practical, no-surprises family home in a settled, mid-century suburb. The lot size is especially notable: at 6,875 square feet, it’s larger than the citywide average for comparable homes, which could appeal to someone who wants yard space without going into a newer subdivision. The assessed value, while above average, is still within a reasonable range for the area, suggesting the home is neither undervalued nor overpriced relative to its peers.

Buyers who are data-aware or value comparability will appreciate that this home sits comfortably above the median in its street, neighbourhood, and city—without being in a top-tier luxury bracket. It’s a “good bones” property for someone who values consistency and doesn’t need to chase the newest or cheapest option.

2. Five Possible FAQs

1. How does this property compare to others on Peary Crescent specifically?
It ranks in the top 20% for living area and lot size, and in the top 15% for assessed value. Most homes on the street were built around the same year (1963), so the age is typical for the block. It’s not the highest-ranked home, but it’s consistently above average across all metrics.

2. Is the assessed value of $448,000 realistic for this area?
Yes. It’s about 8% above the street average of $413,200 and 14% above the neighbourhood average of $392,100. That gap is roughly in line with the home’s larger size and lot, so it doesn’t suggest overvaluation. It’s also within the top 29% citywide, so it’s not an outlier.

3. What does the lot size of 6,875 square feet mean for yard space?
It’s larger than the citywide average for comparable homes (6,570 sqft) and places it in the top 20% of its street and neighbourhood. That’s enough for a decent backyard, garden, or potential additions, but it’s not an oversized lot. It’s a practical size for someone who wants outdoor space without excessive maintenance.

4. Is the 1963 construction date a concern?
Not necessarily. The home is old enough that major systems (roof, plumbing, electrical, foundation) may have been updated, but you’ll want to confirm that. Being typical for the street means you’re not taking on a unique risk—many neighbours have similar homes. The year-built rank is lower in the neighbourhood (top 68%), but that’s because Westwood has newer infill homes; on Peary itself, 1963 is the norm.

5. What type of buyer would this property not suit?
Someone looking for a brand-new home, a fixer-upper with huge upside, or a property that’s a clear outlier in value. This is a middle-of-the-road strong performer—it’s not a bargain, not a luxury flip, and not the oldest or newest on the block. If you want something that clearly beats the market or is a steal, this isn’t it. But if you want a predictable, well-sized home in a solid neighbourhood, it’s a smart fit.