52 Evenwood Crescent

52 Evenwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a compact, single-level home with 720 sqft of living space and a 3,278 sqft lot, built in 1971. Its assessed value is $260,000.

Where the appeal lies: The property sits in a sweet spot for entry-level buyers or investors. It is significantly smaller and less expensive than most homes in its Westdale neighbourhood and across Winnipeg. While living area ranks in the bottom tier citywide (top 95% means only 5% of homes are smaller), the home’s value is proportionally low – roughly two-thirds the neighbourhood average and well below the city median. The lot, though small by local standards, still offers a private yard. The 1971 build year is solidly middle-of-the-pack, meaning no age-related premium or penalty in resale.

What kind of buyer it suits: First-time buyers priced out of larger Westdale properties. Downsizers who want a smaller footprint without leaving the area. Renovators looking to add square footage on an existing foundation – the low land-to-building ratio suggests potential for an addition or basement development. Investors targeting entry-level rental stock with lower carrying costs and predictable neighbourhood demand.

Frequently Asked Questions

1. Why is the living area so much smaller than the neighbourhood average?
Westdale was built out primarily in the 1960s and 70s with a mix of bungalows and two-storeys. This home is a classic starter bungalow, while the neighbourhood average is pulled up by larger family homes. The 720 sqft is typical for the entry-level segment of the area’s housing stock.

2. Does the low assessed value mean the home is in poor condition?
Not necessarily. Assessed value reflects market comparisons, not condition. Being ranked in the bottom 24% of the neighbourhood simply means the home is smaller and on a smaller lot than most nearby houses. A well-maintained but compact home will carry a lower valuation than a larger, newer home on a bigger lot, regardless of finish quality.

3. How does the 3,278 sqft lot compare to what’s typically available?
It is below average at every level – street, neighbourhood, and city. Most Westdale lots are 4,000–6,000 sqft. This lot is best suited for someone who wants manageable outdoor space without a large lawn, or who might later consider a modest addition if zoning allows.

4. Is the year built (1971) a concern for age-related issues?
No more than any other home from that era. 1971 is a neutral vintage: old enough to have had major systems (roof, furnace, windows) replaced at least once, but not old enough to carry the asbestos or knob-and-tube wiring risks of pre-1950s homes. Most homes in Westdale date from the same decade, so you are buying into an established, stable stock.

5. How does this home stack up as a rental investment compared to other properties on Evenwood Crescent?
It ranks in the bottom third for assessed value and living area, which typically means lower purchase price and lower rent potential. However, the smaller size can mean lower vacancy risk – it appeals to single tenants or couples rather than families, a demographic segment with steady demand. The top-23% ranking for year built (newer on the street) may also mean slightly lower maintenance costs than older neighbours.