50 Beechtree Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,040 sqft home built in 1985 on a 4,363 sqft lot, located in Winnipeg’s Worthington neighbourhood. Its assessed value is $334,000.

Where the appeal lies: The property’s strongest feature is its age relative to the surrounding area. Built in 1985, it is newer than most homes in Worthington (ranked in the top 15% for year built) and across Winnipeg (top 29%). While the living area is slightly below the city average, it is on par with the neighbourhood norm. The assessed value is notably lower than the street average ($428.7k) but sits close to the neighbourhood average ($315.3k), suggesting it may offer relative value compared to immediate neighbours.

What to note: The land area is smaller than typical for both the street and neighbourhood. This is a trade-off—less yard maintenance, but also less outdoor space. The property ranks lower on its street for both lot size and assessed value, which may reflect a more modest finish or less recent renovation compared to nearby homes.

Best suited for: A buyer who prioritises a newer build over a large lot, and who values being in a neighbourhood where the housing stock is generally older (1960s average). It could suit someone looking for a more entry-level price point in a street where homes are generally more expensive, or a buyer who prefers a compact, lower-maintenance property without being in a condo.

Frequently Asked Questions

1. How does this home compare to others on Beechtree Crescent?
It is below average on this street for lot size, living area, and assessed value. The median home on the street is larger (1,309 sqft) and worth about $95,000 more. However, the home is newer than most on the street (1985 vs. 1987 average).

2. Is the assessed value a reliable guide to market price?
Assessed value is a useful benchmark but not a direct market valuation. It reflects the city’s estimate based on comparable sales and condition data. The property’s assessed value sits well below the street average but in line with the neighbourhood—this discrepancy often points to either a smaller home or one that has not been upgraded as recently as its neighbours.

3. Why is the land area so much smaller than the street average?
The average lot on Beechtree Crescent is 7,091 sqft. At 4,363 sqft, this property is roughly 38% smaller. This may indicate the home was built on a subdivided lot or is part of a denser section of the street. Buyers who value a large backyard should look elsewhere on the street.

4. What does “Top 15%” for year built in the neighbourhood actually mean?
It means the home is newer than 85% of comparable homes in Worthington. Since the neighbourhood average year built is 1962, this property is roughly 20 years newer than typical. This can be a plus for structural condition, insulation standards, and potentially lower immediate maintenance needs—but it is not a guarantee of modern finishes.

5. How useful are these rankings for making an offer?
They give context, not a price. The rankings show where the property sits relative to peers in three categories (size, age, value). For negotiation, the key takeaway is that this home is not the strongest performer on its street, which may give a buyer some leverage—but the newer build and lower-than-city-average assessed value also suggest it is not overpriced relative to its immediate competition.