56 Fontaine Crescent – Property Summary

Key Characteristics & Buyer Suitability

This is a 1956 bungalow in Winnipeg’s Windsor Park neighbourhood with 1,189 square feet of living space on a 5,002-square-foot lot. Its assessed value is $301,000.

The property stands out most for its living area. Relative to other homes on Fontaine Crescent, it’s in the top 8%—meaning it offers noticeably more interior space than most of its immediate neighbours. At the neighbourhood level, it still ranks well (top 19%), though citywide it lands right around average. The lot, however, is on the smaller side: below average for both the street and the neighbourhood, and only mid-range for Winnipeg as a whole. The house itself is older than most nearby homes; the neighbourhood average build year is 1961, and many citywide comparables are a full decade newer.

The appeal here is straightforward: you get more house for less assessed value. This is not a turnkey, modernized property. It’s a home that likely needs updates or maintenance but comes with generous square footage and a price that undercuts the neighbourhood and street averages. The trade-off is a modest lot and an older structure.

This would suit a buyer who values indoor space over yard size—someone who wants room to spread out without paying a premium for a big property. It could also work for a renovator or first-time buyer willing to invest in upgrades over time, or for someone who prioritizes a lower purchase price and is less concerned with a prime lot or a recently built home.

Five Possible FAQs

1. How does the property’s assessed value compare to similar homes in Windsor Park?
The assessed value of $301,000 is below the neighbourhood average of $354,200—ranking in the bottom 7% of Windsor Park. This means it’s priced significantly lower than most comparable homes in the area, which may reflect its age, lot size, or condition.

2. Is the lot size typical for this street?
No. At 5,002 square feet, the lot is smaller than the Fontaine Crescent average of 5,700 square feet. It ranks in the bottom 21% on the street. If outdoor space is a priority, this property offers less than most neighbours have.

3. What year was the house built, and how does that compare to other homes nearby?
It was built in 1956. The neighbourhood average for homes in Windsor Park is 1961, and the citywide average is 1966. So this is an older home—older than about 75% of homes in the neighbourhood—which may mean original systems, windows, or roof that could need attention.

4. Why is the living area ranked high while the assessed value is ranked low?
The living area is above average for the street and neighbourhood, but the assessed value is below average. This suggests the home offers more interior square footage than many comparable properties, but its overall value is held back by factors like age, lot size, or possibly condition. It’s not a contradiction—it’s a trade-off that can appeal to value-focused buyers.

5. Is this property a good candidate for renovation or value-add?
Potentially. The combination of a below-average purchase price and above-average living area means there is room to increase value through updates, especially if the kitchen, bathrooms, or mechanical systems are original. However, the smaller lot and older age may limit how much the home’s ceiling price rises relative to the neighbourhood. A careful budget would be important before committing to major work.