This 1,042 sqft home on a 5,561 sqft lot was built in 1961. Its assessed value sits at $331,000. The property’s strongest relative position is its age: within Davis Crescent, it ranks 7th oldest out of 24 homes (top 29%), meaning it was built earlier than most neighbors. The lot size, however, is notably smaller than others on the same street—ranked 20th out of 24 (top 83%)—and also below the Westwood neighborhood average. Living area and assessed value are both around average citywide, but sit below typical levels for this street and neighborhood.
The appeal here is pragmatic. You’re getting an older, smaller home on a modest lot, but at a price that reflects that—well below the street’s average assessed value of $426k. This isn’t a property that stands out on paper, which can work in a buyer’s favor if they’re looking for something less competitive. It would suit someone who values affordability and location over space and lot size, particularly first-time buyers, those looking to enter the Westwood area without paying a premium, or investors seeking a lower-entry point in a city where the property is otherwise average. The home’s age also suggests potential for updates or renovation if the structure is sound, though that should be confirmed in person.
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How does this home’s assessed value compare to others in Westwood?
It’s below average for the neighborhood ($331k vs. $392k neighborhood average), ranking in the bottom 15% of Westwood properties. This is a significant gap and may indicate either a smaller or less updated home relative to nearby houses.
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The lot is 5,561 sqft—is that considered small in Winnipeg?
Citywide, it’s close to the average of 6,570 sqft (top 41%). On Davis Crescent, however, lots average 17,216 sqft, so this property has substantially less yard space than most of its immediate neighbors.
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The home was built in 1961. Should I expect major repairs?
Not necessarily—age alone doesn’t determine condition. But given its ranking as one of the older homes on the street (top 29%), it’s worth budgeting for typical 60+ year-old systems: roofing, plumbing, electrical, and foundation checks are sensible before purchase.
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What exactly does “ranked 22 out of 24” for living area mean?
It means only two homes on Davis Crescent have a smaller living area than this one. At 1,042 sqft, it’s significantly smaller than the street average of 1,409 sqft—by about 26%.
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Is the assessed value a good indicator of market price?
Not directly. Assessed value is a government estimate for tax purposes, not a market appraisal. It can be a useful baseline for comparison, but actual sale price will depend on condition, renovations, demand, and recent sales of similar homes in the area.