Property Overview: 274 Whitegates Crescent
Key Characteristics & Appeal
This is a 1,131 sqft single-family home on a 5,393 sqft lot, built in 1964. Its assessed value sits at $375,000, closely aligned with street and city averages.
The property is modest in size relative to its surroundings. Within the Whitegates Crescent street, it ranks in the lower quarter for both living area and lot size. In the broader Westwood neighbourhood, it's similarly below average—though less dramatically so. At the city level, it lands near the middle of the pack in almost every metric.
Its appeal lies in being a straightforward, reasonably-priced entry point into a mid-century neighbourhood. It’s not a standout on paper, but for someone who values location and affordability over square footage or a large yard, this home offers a functional footprint without paying a premium for excess space. The assessed value tracks closely with the street average, suggesting pricing is in line with what comparable homes in the immediate area typically command.
This property would suit first-time buyers looking for a solid base in an established Winnipeg neighbourhood, or buyers who are willing to renovate and add value without needing a large lot. It may also appeal to investors seeking a rental property in a middle-of-the-road market segment—neither high-end nor distressed.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It's smaller than most. The average living area on Whitegates Crescent is about 1,318 sqft; this home is 1,131 sqft, placing it in the lower portion. The land is also below average (5,393 sqft vs. 5,903 sqft). The assessed value is very close to the street average, so the pricing reflects the smaller size.
2. Is the assessed value of $375,000 realistic?
Yes. It’s slightly below the Westwood neighbourhood average of $392,000 and the city average of $390,000, but in line with the street average of $377,000. This suggests the assessment is consistent with comparable properties nearby.
3. What's the neighbourhood like in terms of age of homes?
The home was built in 1964, which is typical for the area. The average build year on the street and in Westwood is 1966, so this home is very much in the same generation as its neighbours.
4. Is the lot too small for additions or a garage?
At 5,393 sqft, it's below the neighbourhood average (6,491 sqft) and street average (5,903 sqft). While not tiny, the lot size is modest. Any significant expansion would depend on local zoning setbacks, but it's likely more suited to interior renovations than a major footprint addition.
5. How does this compare to the overall Winnipeg market?
It’s close to the city median in both living area and assessed value. The living area is about 200 sqft smaller than the city average, and the assessed value is about $15,000 below the city average. The land size is also below average. Essentially, it’s a slightly smaller, slightly more affordable home than what you'd typically find across Winnipeg.