42 Haultain Crescent – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1,012 sqft bungalow built in 1964 on a 5,123 sqft lot, with an assessed value of $370,000. The home sits on Haultain Crescent in Winnipeg’s Westwood neighbourhood.
Where its appeal lies:
The property’s standout feature is its age. At 1964, it’s one of the older homes on the street (top 13%), which often appeals to buyers seeking solid mid-century construction, mature landscaping, or a renovation project with good bones. The assessed value is right around average for the street and city, suggesting the price reflects what’s there rather than speculative upside. The lot is slightly smaller than the neighbourhood norm, but still functional for a single-family home.
A less obvious angle: the living area (1,012 sqft) ranks low on the street (top 90%) and very low in the neighbourhood (top 97%). This means the home is smaller than most nearby. For a buyer, that could mean less competition from families needing more space, and a potentially lower purchase price relative to neighbours. However, it also means room for expansion is limited unless you build up or out.
What type of buyer it would suit:
This property is a practical fit for first-time buyers, downsizers, or investors looking for a solid entry point in a mid-range Winnipeg neighbourhood. It also suits someone who values a quieter, older street and doesn’t need a large home. It’s less suited to families needing multiple bedrooms or generous square footage, or to buyers seeking a move-in-ready modern layout—this is likely a home that needs some updating or personalization.
2. Five Possible FAQs
1. How does the lot size compare to others in the area?
The lot is 5,123 sqft. That’s slightly below the street average (6,024 sqft) and well below the Westwood neighbourhood average (6,491 sqft). It ranks in the bottom third on the street, so the yard is on the compact side for the area.
2. Is the assessed value of $370,000 a fair price?
The assessed value lands near the middle for the street (top 40%) and is slightly below the neighbourhood average of $392,100. Citywide, it’s also around average. This suggests the property is priced in line with comparable homes, without a premium for size or condition.
3. What does the year built tell me about the home’s condition?
Built in 1964, it’s older than about 87% of homes on Haultain Crescent. That often means solid construction, but also potential for older systems (electrical, plumbing, roof) and maintenance needs. A thorough home inspection is wise to understand what’s been updated and what hasn’t.
4. Is this a good investment for a fix-and-flip or rental?
The low living area and average lot size limit the resale ceiling, but the assessed value is moderate. It could work as a rental if the purchase price is below market, or as a flip if you can add square footage (e.g., a basement suite). The older construction may appeal to tenants looking for character, but don’t expect huge appreciation compared to larger homes in the neighbourhood.
5. How does this property rank citywide?
Citywide, the home ranks in the top 73% for living area (smaller than most), top 47% for assessed value (around average), top 54% for year built (older), and top 52% for lot size (around average). In short, it’s a middle-of-the-pack home in a middle-of-the-pack city context, with the main distinction being its age and smaller footprint.