53 Jolliett Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,270 sqft bungalow built in 1962, sitting on a 3,751 sqft lot in Winnipeg’s Westwood neighbourhood. Its main appeal is affordability. The assessed value of $259,000 sits well below both the street average ($355,200) and the neighbourhood average ($392,100), placing it among the most affordable homes on the block. The living area is slightly above average for the street but roughly in line with city norms.
What stands out less obviously is the land-to-house ratio. With a smaller lot and a modest but functional floor plan, this property avoids the premium often attached to larger yards and newer builds. That means lower upfront cost and potentially less outdoor maintenance. It would suit a first-time buyer focused on getting into the market without stretching their budget, or an investor looking for a rental property with a lower entry point. Buyers who want a large yard or a modern open-concept layout should look elsewhere. This is a practical, no-frills home where the savings come from the land value and property age, not the finishes or square footage.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
It’s significantly below average. On Jolliett Crescent, this home ranks last out of 30 comparable properties in assessed value. Within the broader Westwood neighbourhood, it sits in the bottom 2%. That makes it one of the more affordable options in the area by tax and purchase price alike.
2. Is the smaller lot a disadvantage?
It depends on your priorities. The lot is 3,751 sqft, which is smaller than most on the street (average 5,880 sqft) and in the neighbourhood (average 6,491 sqft). That means less yard work, but also less space for gardens, sheds, or future expansions. It’s a trade-off many budget-conscious buyers willingly accept.
3. What does the “rank” data actually mean for resale value?
The rankings compare this home to others in similar categories. The low land and assessed-value ranks suggest it occupies a lower tier in terms of price and lot size. Over time, resale may lag behind larger-lot properties in the same area, but the lower entry cost also means less financial risk if the market softens.
4. How old is the house, and does that require extra maintenance?
Built in 1962, it’s roughly in line with the street average but older than the average home in Westwood (1966). A home from this era likely has original systems or older updates. Buyers should budget for potential upgrades to electrical, plumbing, or insulation, though the lower purchase price can offset some of that work.
5. Who is this property not a good fit for?
It’s not ideal for families wanting a large backyard, for buyers seeking a move-in-ready modern home, or for anyone who prioritizes a high land-to-building ratio for future development. It also may not suit someone looking for a comparable property in terms of city-wide averages—it’s distinctly below those norms in land and value.