32 Addison Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft bungalow built in 1964 on a 5,129 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $356,000.
The property’s appeal is more about value and location than standout size. The living area is below average compared to other homes on the same street and in the neighbourhood—it ranks in the bottom 8% locally. The land area is also below average for the neighbourhood, though closer to the citywide median. The year built and assessed value sit around the middle of the pack across all three comparison levels. In other words, nothing jumps out as exceptional on paper, but nothing is a red flag either.
This property would suit a buyer who prioritizes affordability and a solid, unflashy home in an established area. It’s a good fit for someone who doesn’t need maximum square footage or a huge lot, and who sees potential in a home that is typical for its era. First-time buyers, downsizers, or investors looking for a functional property without paying for premium features would find it reasonable. It’s less ideal for someone seeking a turnkey showpiece or a home that stands out from its neighbours.
Frequently Asked Questions
1. How does the living area compare to similar homes nearby?
It’s smaller than most. On Addison Crescent, the average living area for comparable homes is 1,257 sqft, so this property is about 200 sqft below that. In Westwood and citywide, it also falls on the lower end—ranked in the bottom 32% citywide.
2. Is the assessed value in line with what I’d expect?
Yes. At $356,000, it’s slightly below the street average of $361,000 and about 9% below the neighbourhood average of $392,100. The citywide rank is near the middle (top 52%), so it’s not overvalued relative to the market.
3. What’s the lot like, and is it typical for the area?
The lot is 5,129 sqft. That’s below the neighbourhood average of 6,491 sqft—in fact, it ranks in the bottom 12% in Westwood. However, it’s right around the citywide median, so the lot size isn’t unusually small by Winnipeg standards, just modest for this specific area.
4. How old is the house, and has it aged well compared to others?
Built in 1964, it’s exactly average for the street and a couple of years older than the neighbourhood and citywide average of 1966. That’s typical for a mid-century home; the ranking suggests it’s not unusually dated for its context.
5. What’s the best way to see how this property fits into the surrounding homes?
You can open the neighbourhood map analysis from the listing page. That tool lets you compare year built, living area, assessed value, and lot size side by side with nearby houses. It’ll show you whether the property’s modest size is a trade-off for a quieter street or a better location within Westwood.