54 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1958 bungalow on Crestwood Crescent offers 776 square feet of living space on a 5,773-square-foot lot. The assessed value sits at $318,000.

The property’s strongest feature is its lot. While slightly smaller than the street average, the lot ranks in the top 37% citywide—meaning you’re getting more land relative to other Winnipeg homes than you would elsewhere in the market. The home itself is modest in size, falling well below street, neighbourhood, and city averages for living area. That’s not necessarily a drawback, though: smaller square footage often means a lower entry price and more room in the budget for renovations or future additions.

The assessed value reflects that trade-off. It's below average for the street and neighbourhood but roughly average when compared across the entire city. That suggests the property is priced more in line with broader market benchmarks than its immediate surroundings, which could appeal to buyers looking for value in a higher-cost area.

This home would suit a buyer who prioritizes land over finished space—someone willing to update or expand a 1958 build in a well-established neighbourhood. It's a reasonable fit for first-time buyers looking for an affordable entry into Windsor Park, or for renovators who see potential in reconfiguring or adding onto a smaller footprint. It may be less suitable for someone seeking a move-in-ready home with generous room sizes.

Frequently Asked Questions

1. How does the living area compare to other homes in Windsor Park?
It's below average. The average living area in the neighbourhood is 1,091 sqft, and this home is 776 sqft. However, smaller homes in this area tend to be priced lower relative to the rest of the city, which can offer a value advantage.

2. Is the property overvalued compared to similar homes?
Not particularly. The assessed value of $318,000 is below both the street average ($347,700) and neighbourhood average ($354,200), though it's close to the citywide average for comparable properties. That suggests it's priced in line with broader market conditions rather than being inflated by local demand.

3. What can you tell me about the lot size and its implications?
The lot is 5,773 sqft, which is slightly below the street average but still ranks in the top 37% citywide. That means you're getting more land than most Winnipeg homes, which could be advantageous if you're planning an addition, building a garage, or just want more outdoor space than typical city lots allow.

4. Why is the assessed value higher than what the living area might suggest?
Assessed value considers multiple factors beyond square footage, including lot size, location, and local market conditions. In this case, the relatively large lot likely boosts the valuation, even though the house itself is compact. The property's position on a named crescent rather than a through street may also add a modest premium.

5. Is the 1958 construction a concern?
Homes from that era are common in Windsor Park and across Winnipeg. While the build quality is generally solid for the period, buyers should expect older mechanicals (furnace, electrical, plumbing) and possibly original windows or insulation. A thorough home inspection focusing on these systems is recommended. The year built itself is average for the street and neighbourhood, so it's not unusual for the area.