1 Cherry Crescent – Property Summary

Key Characteristics & Suitability

This 1,134-square-foot bungalow, built in 1959, sits on a 6,315-square-foot lot in Winnipeg’s Windsor Park neighbourhood. The numbers tell a story of solid, middle-of-the-road value rather than standout luxury. The living area is on par with other homes on Cherry Crescent and slightly better than the neighbourhood average, though it falls short of the citywide median. The assessed value ($348,000) tracks close to local and city benchmarks, suggesting fair pricing with no glaring premium. The real strength here is the land: the lot ranks in the top 25% citywide, which gives this property more outdoor space than most comparable homes in Winnipeg. The year built (1959) also ranks among the older homes on the street, which could appeal to buyers looking for established construction and mature landscaping rather than a newer build.

The appeal lies in its balance. It’s not the biggest or the newest, but it’s not undersized or overpriced either. This property would suit a first-time buyer seeking a stable entry point with decent land, or a downsizer who wants a manageable single-storey home with a generous yard in a well-established neighbourhood. Investors might also take note: the land-to-building ratio is favourable, and the assessed value sits below the city average, leaving some margin for long-term appreciation if the area continues to mature.

Five Possible FAQs

1. How does the living area compare to other homes in the area?
It’s around average for Cherry Crescent (ranked 13 out of 29) and above average for Windsor Park (ranked 881 out of 3,307), but slightly below the citywide median for comparable homes. In short, you’re getting a typical-sized home for this street and neighbourhood, not a cramped or oversized one.

2. Is the assessed value in line with what I’d expect to pay?
Yes. At $348,000, it’s slightly below both the street average ($359,200) and the neighbourhood average ($354,200), and well under the citywide median of $390,100. That suggests it’s priced conservatively relative to peers, not inflated.

3. Why does the lot size matter for this property?
The 6,315-square-foot lot ranks in the top 25% citywide, which is genuinely notable. In an established neighbourhood like Windsor Park, a larger lot often means more privacy, room for gardens, or potential for future expansion—without the premium you’d pay in a newer suburb.

4. How does the age of the home affect its value?
Built in 1959, it’s one of the older homes on Cherry Crescent (top 10% on the street) but typical for the neighbourhood. Older construction can mean sturdier materials and bigger rooms, but buyers should budget for maintenance on systems like plumbing and wiring, which may be original or near end-of-life.

5. What’s the neighbourhood like for resale value?
Windsor Park is a well-established, mid-tier neighbourhood. The property’s assessed value and living area rankings are both around average for the area, which suggests stable demand rather than rapid appreciation. The large lot is the main differentiator—this is the kind of feature that tends to hold value over time, especially if the area sees infill development or densification in future years.