118 Lismer Crescent – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1,040 sqft single-family home built in 1970, sitting on a 6,234 sqft lot in Westdale, Winnipeg. Its assessed value is $354,000.
The property’s main appeal is the land. While the lot is smaller than the street average, it ranks in the top 26% citywide and top 25% within Westdale, meaning you get more yard space than most homes in the neighbourhood or across Winnipeg. The assessed value is also notably above the neighbourhood average by about $47,000, which suggests the house itself or its location within Westdale carries a premium compared to nearby homes.
The living area is average for the street and neighbourhood—there are no surprises inside. It’s a solid, unremarkable footprint that won’t feel cramped or unusually spacious for the era.
This property would suit a buyer who values outdoor space and wants a home in a well-established, older neighbourhood without paying for a fully renovated or oversized interior. It could also appeal to someone who sees the land as an asset for future expansion or landscaping, rather than looking for a move-in-ready showpiece. First-time buyers looking for a manageable house with a decent yard in a stable area might find it a good fit, as might downsizers who want outdoor room without a huge floor plan to maintain.
Five Frequently Asked Questions
1. How does the land size compare to other homes in Westdale?
The lot is 6,234 sqft, which is about 1,066 sqft larger than the Westdale average. It ranks in the top quarter of the neighbourhood for lot size. So while it’s not the biggest on its street, it’s above average for the area you’d actually be living in.
2. Is the assessed value a reliable indicator of market price?
Not exactly. It’s $354,000, which is above the Westdale average of $307,400, but the citywide average is $390,100. Assessed values are based on mass appraisal and may lag behind current market conditions—especially if the area has seen recent price growth. Use it as a rough baseline, not a firm price tag.
3. Why is the living area ranked so differently from the land area?
The house itself is 1,040 sqft, which is very close to both the street and neighbourhood averages. The land, however, stands out relative to Westdale and the city as a whole. This is common in older neighbourhoods where homes are similar in size but lots vary more. You’re essentially paying for the land premium here, not extra indoor square footage.
4. How does a 1970 build hold up in terms of maintenance?
Homes from this era are past the 50-year mark, so major systems (roof, furnace, windows, plumbing) may have been updated or may need attention soon. The year built is typical for the street and neighbourhood, so you’re not buying an outlier in age. Check for updates during a viewing—don’t assume anything is new just because the house is a certain vintage.
5. What’s the neighbourhood like for families or commuting?
Westdale is a residential area with a mix of older homes and established streets. The property ranks average among citywide comparables for year built and living area, so it fits the local character. Commuting depends on your route, but the land value and street ranking suggest it’s a stable, sought-after pocket without being flashy. For detailed proximity and comparative maps, the neighbourhood analysis page mentioned in the data would give you a clearer picture.