40 Evenwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a compact single-family home in Winnipeg’s Westdale neighbourhood, built in 1971. At 720 square feet of living area, it’s notably smaller than most homes on its street, in its neighbourhood, and across the city—ranking in the bottom 5% citywide for size. The land (3,306 sqft) is also below typical neighbourhood and city averages, though it falls right in the middle of the pack compared to other homes on Evenwood Crescent. Year built is typical for the area, and the home shows up well for its age: it was built in the top quarter of homes on its street.
Where this property stands out is value. The assessed value of $294,000 is above average both on its street (top 7%) and relative to the neighbourhood median. That combination—modest square footage but relatively high assessed value—suggests the home may have been well-maintained, updated, or located on a particularly desirable stretch.
What it’s best suited for: This property would appeal most to buyers who want a smaller, more affordable home in an established neighbourhood, without sacrificing quality of build or location. It’s not a starter home for someone expecting a big lot or room to expand upward. Instead, it suits someone who values a lower-maintenance property, likes the feel of a 1970s-era home with good bones, and is comfortable with a compact layout. Investors might also take note: the assessed value relative to living area could indicate strong per-square-foot land value, though the lot itself is not oversized.
Frequently Asked Questions
1. How does the living area (720 sqft) compare to other homes in the area?
It’s well below average. On Evenwood Crescent, the average is 862 sqft, meaning this home is about 140 sqft smaller than the street median. In Westdale (1,029 sqft average) and citywide (1,342 sqft), the gap is even larger. This is a genuinely small home by current standards.
2. Why is the assessed value relatively high despite the small size?
Assessed value reflects market factors beyond square footage, including condition, updates, lot location, and comparable sales. The top-7% ranking on its street suggests this property may have been renovated or is in a particularly good location on the block. It also might reflect that smaller homes in the area that are well-kept can hold value better than larger, dated ones.
3. How does the lot size (3,306 sqft) affect usability?
The lot is about 200 sqft smaller than the Evenwood Crescent average and roughly 1,900 sqft smaller than the Westdale average. For a compact home, a 3,300 sqft lot is still functional—enough for a small yard, garden, or patio—but you won’t have room for large additions or a big garage. It’s a typical lot for a smaller infill home in an older neighbourhood.
4. Is the 1971 build a concern for maintenance or energy efficiency?
No more than any other home of that era. 1971 was a peak building year in many Canadian suburbs, so materials and construction standards are consistent with the period. The ranking (top 23% on its street for newer build) suggests it’s actually one of the younger homes on Evenwood Crescent. You’d want to check for original windows, insulation, and mechanicals, but that’s true of any 50-year-old home.
5. What does “neighbourhood analysis” show that the rankings alone don’t?
The summary ranks this home relative to all homes in Westdale and citywide, but the neighbourhood analysis map compares it directly to the closest few homes. That can reveal whether the high assessed value is driven by a few recent high sales or a consistent pattern. It also shows how the lot sits in relation to neighbours—whether there’s privacy, alley access, or future development pressure.