45 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a standout property on Crestwood Crescent, primarily due to its lot size and assessed value relative to the immediate street and surrounding Windsor Park neighborhood. The house sits on a 9,514 sqft lot—ranking in the top 3% on the street and top 2% in the neighborhood—which is significantly larger than both the street average of 6,291 sqft and the citywide average for comparable homes. The 1,466 sqft living area is also notably above the street and neighborhood averages, though it falls slightly below the citywide average for similar properties. Built in 1959, the home is around the median age for the street and neighborhood, but older than the typical comparable house across Winnipeg.

The main appeal here is the land. Large, well-located lots in established neighborhoods like Windsor Park are hard to come by, and this one offers room for expansion, gardening, or redevelopment potential—provided zoning allows. The assessed value of $417k ranks in the top 1% on the street and top 5% in the neighborhood, reflecting both the premium for the lot and the home's condition relative to nearby comps. However, citywide, the home is only around average in value, which suggests you're getting a property that punches above its weight locally without exceeding broader market norms.

This property would suit a buyer who values space over a turnkey modern interior—someone looking for a solid mid-century home on a generous lot in a well-regarded central neighborhood. It might appeal to families who want room for kids to play, gardeners, or investors eyeing future subdivision or infill potential. It's less suited to someone seeking a recently updated, move-in-ready home with minimal maintenance, or a buyer prioritizing a newer build.

Frequently Asked Questions

1. How does the lot size compare to other homes in Windsor Park?
This lot is 9,514 sqft, which ranks in the top 2% of the neighborhood. The average lot in Windsor Park is about 6,030 sqft, so this property offers roughly 58% more land than a typical home nearby.

2. Is the house priced competitively given its assessed value?
The assessed value of $417k is above the neighborhood average of $354k, but it's close to the citywide average for comparable homes ($390k). For a lot this size in a top-ranked street, the pricing reflects the land premium—not necessarily a fully updated interior.

3. What's the potential for redevelopment or adding a secondary suite?
That depends entirely on current zoning and municipal bylaws, which aren't included in this data. Given the large lot, many buyers explore options like an infill home, garage suite, or lot split—but you'd need to consult the city's zoning map and speak to a planner to confirm feasibility.

4. How old is the house, and what should I expect maintenance-wise?
Built in 1959, it's roughly 65 years old. Homes of this vintage often have updated mechanicals or roofs, but not always. Expect potential aging plumbing, electrical, insulation, and foundation concerns. A thorough home inspection is recommended.

5. What makes this street especially desirable?
Crestwood Crescent ranks in the top 3% for living area and top 1% for assessed value among 149 homes on the street, suggesting larger, higher-value homes that attract long-term owners. Windsor Park is a mature, tree-lined neighborhood with good schools, parks, and proximity to the river. The street itself offers a quieter, established feel without being far from amenities.