50 Coral Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1,087 sq ft home, built in 1959, sits on a 6,047 sq ft lot in Winnipeg’s Windsor Park neighbourhood. The property’s standout feature is its construction year—it ranks first on Coral Crescent for age, meaning it’s the oldest house on the block. That can appeal to buyers who value original character or see potential in an older structure, rather than a recently flipped or standardized build.

The assessed value is $328,000, which sits below the street average of $370,000. The lot size, while slightly smaller than others on the street (ranked 47th out of 50), is actually above average citywide—so you’re getting more land relative to most Winnipeg properties, even if it’s not the biggest on this specific crescent.

The living area is essentially in line with street and neighbourhood medians, neither unusually compact nor oversized. This home would suit a buyer who prioritizes land-to-house ratio over a large interior, or someone looking for a project property in an established neighbourhood where surrounding homes may have higher assessed values. It may also appeal to those who prefer a quieter, less uniform street where the mix of ages and lot sizes creates a more varied streetscape.

Frequently Asked Questions

1. The assessed value is below the street average—what does that mean for me?
   A lower assessment can mean lower property taxes compared to neighbours with higher-valued homes. However, it may also reflect deferred maintenance or fewer recent upgrades. A home inspection would help clarify the reason.

2. Is the lot size a disadvantage?
   It depends on your perspective. On Coral Crescent, it’s one of the smaller lots. But citywide, it’s in the top 30%, so you still have more land than most Winnipeg homes. If you want a large yard for gardening or additions, this lot is competitive—just not relative to the immediate street.

3. How does the 1959 build date affect insurance or renovations?
   Older homes may have outdated wiring, plumbing, or insulation, which can affect insurance premiums and renovation costs. That said, being the oldest on the street means surrounding homes may have already been updated, giving you a clearer sense of what’s possible—and what’s been done nearby.

4. Why is the property ranked low for assessed value but average for living area?
   Living area is around the neighbourhood median, but assessed value reflects more than square footage—things like condition, updates, and comparable sales. A home with similar size but lower value may need cosmetic or structural work, or it may simply be in a lower-value pocket within the neighbourhood.

5. Is Windsor Park a good area for resale?
   Windsor Park is a mid-tier neighbourhood in Winnipeg, with values near the citywide median. Its appeal lies in being established, with mature trees and a mix of housing ages. Resale prospects are stable rather than high-growth, making it better suited for long-term owners than short-term flippers.