16 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,047 sqft bungalow built in 1958 on a 5,962 sqft lot in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the assessed value: $406,000. That places it in the top 3% of homes on Crestwood Crescent and the top 7% across the neighbourhood, while the home itself is neither the largest nor the newest on the street. In other words, the value here isn’t driven by square footage or a recent renovation—it’s likely tied to location, lot premiums, or broader market conditions in this pocket of Windsor Park.

The living area and land size are both close to the averages for the street and neighbourhood, so there’s nothing unusual about the footprint. The year built is also typical for the area, which means the home may need updates that reflect its age. The appeal is subtle: you’re getting a solid, mid-century house on a standard lot, but the assessed value suggests underlying demand or desirability that isn’t obvious from floor plan alone.

This property would suit buyers who are less focused on finding the biggest or newest home, and more interested in a neighbourhood where values are firm. It could work well for someone looking for a stable entry into Windsor Park, or an investor who sees room to add value through updates—since the current assessment is already strong, improvements could push it further.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $406,000 is well above the Crestwood Crescent average of $347,700 and the Windsor Park average of $354,200. Citywide, it’s closer to the average of $390,100, so the property sits at a premium within its immediate area but is not unusual relative to Winnipeg as a whole.

2. Is the living area too small for a family?
At 1,047 sqft, it’s about average for the street and neighbourhood. It’s smaller than the citywide average for comparable homes (1,342 sqft), which may reflect the age and style of the home. It could work for a small family or couple, but would feel tight for larger households without additional finished space in the basement.

3. What does the year built (1958) mean for maintenance and upgrades?
It’s typical for Windsor Park. Homes from this era often have original mechanicals, windows, or insulation unless upgraded. A buyer should budget for potential updates to electrical, plumbing, or the roof, depending on what’s been done. The assessed value may already account for some improvements, but it’s worth verifying.

4. How does the lot size affect usability or resale?
At 5,962 sqft, the lot is slightly below the street average (6,291 sqft) but close to the neighbourhood average (6,030 sqft). It’s not oversized, but also not restrictive—adequate for a typical yard, garden, or small addition if zoning allows. Lot size is rarely a dealbreaker here, since it aligns with what most homes in the area have.

5. Why is the assessed value so high if the house isn’t the largest?
Assessed value reflects a combination of factors: location, lot value, recent sales of comparable homes, and any improvements made. In this case, the home’s relatively high rank within its street and neighbourhood suggests it’s on a desirable block or benefits from features that aren’t captured by square footage alone, like a finished basement, updated systems, or a quieter street position. It’s worth asking what specific factors the assessor weighed.