9 Conifer Crescent – Property Overview

Key Characteristics & Buyer Profile

This 1956 home sits on a 6,000 sqft lot with 1,100 sqft of living space. Its assessed value is $328,000. What stands out is the mismatch between the home’s physical attributes and its valuation.

The living area is slightly above average for the street (top 15%) and neighborhood (top 33%), though below the citywide average for comparable homes. The land is similarly average locally but larger relative to the rest of Winnipeg (top 31% citywide). Meanwhile, the assessed value is notably below average on both the street (top 94% – meaning it’s one of the cheaper properties) and in the neighborhood (top 79%). This suggests the home may be undervalued relative to its size and lot, or that the condition/updates haven’t kept pace with neighbours.

The house is older than most nearby homes (built 1956 vs. neighborhood average of 1961) and significantly older than the citywide average of 1966. That said, mid-century construction in Winnipeg often means solid foundations and mature landscaping.

Who it suits: Buyers who are comfortable with a fixer-upper or cosmetic renovation project, and who want to build equity through improvements. It could also work for investors looking for a below-market entry point in a stable area like Windsor Park. The larger-than-average lot (by city standards) adds flexibility for future expansion or yard space. It’s less ideal for someone wanting a move-in-ready home with modern finishes, unless the price reflects the work needed.

Frequently Asked Questions

1. Why is the assessed value so low compared to the street average?
The home ranks near the bottom for assessed value on Conifer Crescent, despite having above-average living area. This typically indicates the property may need updates or has deferred maintenance. It could also reflect a smaller number of bedrooms or bathrooms compared to neighbours. A home inspection would clarify which factors are at play.

2. How does the lot size compare to typical Winnipeg properties?
The 6,000 sqft lot is average for Conifer Crescent and Windsor Park, but it falls in the top third citywide. That means you get more yard space than many newer suburban lots, which tend to be smaller. It’s a practical advantage for gardening, storage, or future additions.

3. Is the home’s age a concern?
A 1956 build is older than the neighborhood average by about five years and older than the city average by a decade. The main considerations are original systems—plumbing, electrical, and insulation—which may need updating. The upside is that older homes in Winnipeg often have well-built frames and established trees.

4. Would major renovations increase the assessed value significantly?
Likely yes, given the current assessment is below most neighbours. Updates to kitchens, bathrooms, and mechanical systems could bring the value closer to the street average of $355,000 or beyond. However, the return depends on how much work is done and the local market at the time of sale. It’s not a guaranteed dollar-for-dollar increase.

5. What is Windsor Park like as a neighbourhood?
It’s a well-established Winnipeg area with a mix of post-war bungalows, mature trees, and proximity to the Seine River and parks. The housing stock is varied, so you’ll see a range of conditions and values. The home’s ranking within the top third of the neighborhood by living area suggests it’s not the smallest property around, which can be a plus for resale.