55 Haultain Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1964 bungalow with 980 sq. ft. of living space on a 5,119 sq. ft. lot, located in Winnipeg’s Westwood neighbourhood. Its assessed value is $376,000.

The property’s standout feature is its value relative to the street it sits on. Within Haultain Crescent, it ranks 8th out of 30 homes for assessed value (top 27%), while its living area ranks 28th (bottom 7%). This means it’s priced higher than most of its immediate neighbours despite being one of the smaller homes. You’re essentially paying for location and land scarcity within that specific block.

The appeal here is subtle. On paper, the home is smaller and on a below-average lot compared to Westwood overall. But within its own street, it holds its value well. This suggests a tight, established pocket where larger homes don’t come up often, and this one offers a more accessible entry point into that specific address.

This would suit: A buyer who prioritizes street-level value stability over square footage. Someone who doesn’t need a big yard or a sprawling floor plan, but wants to be on a quieter, well-ranked street within Westwood. It may also appeal to investors or downsizers who see potential to hold a property in a position that’s comparatively undervalued for its lot size relative to the street.

Five Possible FAQs

1. Is this a small house for the neighbourhood?
Yes, it’s below average. The home ranks in the bottom 2% of Westwood for living area (980 sq. ft. vs. a neighbourhood average of 1,372 sq. ft.). It also has a smaller lot than most nearby homes (5,119 sq. ft. vs. the Westwood average of 6,491 sq. ft.). If you’re used to newer suburban floor plans, this will feel compact.

2. Why is the assessed value higher than the street average if the house is small?
Assessed value reflects more than just size. On Haultain Crescent, this property ranks 8th out of 30 for value, while being one of the smallest. That likely reflects factors like lot shape, location within the street, condition, or recent updates. It’s a case where the property’s worth is not driven by square footage.

3. How does this property compare to the city overall?
It’s fairly average on a citywide scale. Living area ranks in the bottom 24% citywide, while assessed value sits around the middle (top 45%). The lot size is almost exactly average for Winnipeg (top 48%). So it’s not an outlier in any extreme way—it’s mostly a modest home in a specific, above-average street context.

4. What year was it built, and does that matter for maintenance?
Built in 1964, which is actually above average for its street (ranked 4th newest out of 30). That means it’s one of the newer homes on Haultain Crescent, but it’s still a 60-year-old house. Buyers should budget for typical mid-century home considerations: older windows, possible aluminum wiring, and original plumbing. The year built is not a red flag, but it’s not turnkey either without an inspection.

5. Who typically buys homes like this?
Often buyers who want to be on a specific street without paying for a full-sized family home. You might see downsizers who previously lived in larger Westwood houses, or first-time buyers who value the address over interior space. Some investors target these as infill lots—5,119 sq. ft. is buildable, but not unusually large for the area. It’s a niche property, not a starter home for a growing family.