102 Harwood Crescent – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 750 sqft home built in 1974 on a 3,197 sqft lot, located in Winnipeg’s Westdale neighbourhood. Its standout feature is the year built: it ranks #1 on its street (top 1%) and #129 in the wider area (top 9%) for being newer than most comparable homes. That matters because a newer build often means fewer immediate updates to structure, roofing, or mechanicals compared to the neighbourhood’s median year of 1971.
The assessed value sits at $266,000—near the street average and below both the neighbourhood and city medians. For a buyer, this suggests the price reflects the smaller living area and lot rather than any premium for the newer construction. The living area (750 sqft) and land area (3,197 sqft) both rank below average for the street, neighbourhood, and city. That makes this property a “smaller footprint” option in a market where the typical comparable home is noticeably larger.
Where the appeal lies: The main draw is affordability and the newer build. You’re getting a home that’s younger than most on the block, at a price point below the neighbourhood average. The smaller living area could appeal to singles, couples, or downsizers who don’t need extra square footage. The lot is also modest, which means less yard maintenance. For someone who values a move-in-ready structure over space, this offers a trade-off that could work well.
Best suited for: First-time buyers looking for something newer without stretching into a higher price bracket; empty nesters or retirees wanting a smaller home with less upkeep; or investors targeting a property that might need fewer capital improvements than older comparables. It’s less ideal for families needing more space or buyers who prioritize a large lot.
Section 2: Five Possible FAQs
1. How does the living area compare to similar homes nearby?
At 750 sqft, this home is smaller than most comparable properties in Westdale (median ~1,029 sqft) and on its own street (median ~993 sqft). It ranks in the bottom 10% on the street and bottom 7% in the neighbourhood. Buyers should expect a compact floor plan and consider whether that matches their lifestyle.
2. Why is the assessed value lower than the neighbourhood average?
The $266,000 assessment reflects the smaller living area and lot size relative to the neighbourhood median of $307,400. While the home is newer than many, the value is pulled down by the lack of square footage and land. That can be an advantage for buyers seeking lower property taxes or a more affordable entry point.
3. What does “newer than 90% of homes on the street” actually mean in practical terms?
Built in 1974, this home is roughly 51 years old. The average home on Harwood Crescent is from 1972, so the difference is modest—just two years. The real distinction is against the broader city, where the median year built is 1966. You can expect this home’s electrical, plumbing, and structural components to be from a somewhat more modern era than many older Winnipeg homes, but it’s not a new build. A home inspection is still wise.
4. Is the smaller lot a problem for resale value?
Not necessarily. Smaller lots often appeal to buyers who want less yard work or a more urban feel. However, it does mean less outdoor space for gardening, storage, or expansion. In Westdale, where the average lot is over 5,000 sqft, this home’s 3,197 sqft lot is clearly below the norm. Resale will depend on finding buyers who value a compact property—which is a smaller, but consistent, segment of the market.
5. How reliable are the ranking and bar chart data shown on the listing?
The rankings compare this property to a set of “comparable homes” defined within each scope (street, neighbourhood, city). The bar fill represents the approximate share of peers this home outperforms in each category. Medians are rough benchmarks, not precise averages. The data is useful for relative context—like seeing that the home is newer but smaller—but should be used as a starting point, not a final judgment. For a more complete picture, the neighbourhood map analysis is recommended.