45 Jolliett Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1965 bungalow sits on a 6,073 sqft lot in Winnipeg’s Westwood neighbourhood, with 1,248 sqft of living space and an assessed value of $446,000. The property’s strongest asset is its valuation relative to the street: it ranks 2nd out of 30 homes on Jolliett Crescent, meaning the assessed value is significantly above the street average of $355,200. It also ranks well citywide for lot size—top 29%—which is slightly less obvious than it seems, because land in established neighbourhoods like Westwood tends to hold value differently than in newer subdivisions.

The year built (1965) places it among the older homes on the street (top 10%), but the living area is essentially average across all three comparison levels—street, neighbourhood, and city. That matters: you’re not getting extra square footage, but you are getting above-average land and a strong value position. The appeal here is less about size and more about relative affordability in a well-ranked location. The assessed value outperforms the neighbourhood average of $392,100 by roughly $54,000, which suggests the property has been maintained or updated in ways the market recognizes.

This home would suit buyers who prioritize land and long-term value over turnkey finishes or maximum square footage. It’s a practical fit for someone willing to invest in updates over time, or for a family looking for a solid lot in a middle-tier Winnipeg neighbourhood where comparable homes are often pricier. It may also appeal to investors who recognize that the assessed value gap—both on the street and in the neighbourhood—indicates upside potential if the living area were expanded or the home modernized.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
On Jolliett Crescent, this home is ranked 2nd out of 30, meaning its assessed value is well above the street average of $355,200. Within Westwood, it’s ranked 417th out of 2,523 (top 17%), and citywide it’s in the top 29%. So it’s a strong performer in all three scopes, particularly at the street level.

2. Is the living area small for a home of this era?
At 1,248 sqft, it’s slightly below the citywide average for comparable homes (1,342 sqft) and below the Westwood average (1,372 sqft). But on its own street, it’s ranked 13th out of 30—so it’s not unusually small for the immediate area. It’s about average for the street itself.

3. Why does the land area rank better than the living area?
The lot is 6,073 sqft, which ranks top 30% on the street and top 29% citywide. The living area, by contrast, is only average. This is common with older homes where the original footprint was modest but the lot was generous. It means there’s potential for expansion or outdoor space that many newer homes lack.

4. How old is this home, and does that affect its value?
Built in 1965, it’s one of the older homes on the street (top 10%), but in Westwood and citywide it’s right around average. Age alone isn’t a drawback here—the assessed value suggests the home is in good shape relative to its peers. Older construction in this part of Winnipeg often means mature trees, established streets, and solid foundations.

5. What does “Around Average” mean in the rankings?
It means the property falls near the middle of the comparison group—neither notably large nor small, nor notably old or new. For living area, for example, it’s ranked #13 out of 30 on the street, which is slightly above the middle. The term “around average” is used when the ranking sits within a broad middle band, rather than the top or bottom quartile.