2 Peel Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,081 sqft home built in 1969 on a 5,997 sqft lot in Winnipeg’s Westdale neighbourhood. What stands out immediately is its assessed value: ranked #1 on Peel Crescent (top 6%) and #45 in the neighbourhood (top 3%), meaning it’s one of the higher-valued properties in its immediate area. The living area also ranks first on the street. The lot is slightly smaller than the street average but still competitive at the neighbourhood level.
The appeal here is less about sheer space and more about relative value and positioning within a desirable pocket of Westdale. The home is older (neighbourhood rank of 74% for year built) but sits on a street where homes tend to be similarly aged, so it fits the local character.
This property suits a buyer who prioritizes a strong asset in a well-regarded neighbourhood—someone who sees value in the assessed ranking and wants a home that compares favourably to its immediate neighbours. It’s less suited for anyone looking for a large lot or newer construction. A thoughtful angle: being ranked #1 on the street for living area and assessed value might matter more to resale-minded buyers than to those seeking raw square footage alone.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $407k is well above the street average of $339.4k and the neighbourhood average of $307.4k. It ranks in the top 3% in Westdale, indicating a premium positioning.
2. Is the lot size considered small for this area?
Yes, relative to the street. At 5,997 sqft, it’s below the Peel Crescent average of 6,395 sqft. But compared to the broader neighbourhood (5,168 sqft average) and citywide (6,570 sqft average), it’s around the middle.
3. How old is the home, and is that typical for the street?
Built in 1969, it’s slightly older than the street average of 1968 and a bit newer than the neighbourhood average of 1971. It fits the general vintage of homes in the area.
4. What does “ranked #1 on the street” actually mean for a buyer?
It means the home has the highest living area and assessed value among 17 comparable properties on Peel Crescent. For a buyer, this suggests the home may hold value well relative to others on the same block, but it also means you’re paying at the top of the local range.
5. Why is the lot ranked lower than the living area?
The lot is ranked 12th out of 17 on the street (top 71%), while the living area is ranked 1st. This is common in older, established neighbourhoods where lots were subdivided or homes were built to different footprints. The home itself is spacious for the street, but the land is more modest—worth considering if outdoor space is a priority.