Key Characteristics & Buyer Profile
This 1,430 sq. ft. property at 7 Carlyle Crescent, built in 1962, sits on an 8,796 sq. ft. lot. Compared to similar homes on its street—Carlyle Crescent—the house is smaller in both living area and lot size, and its assessed value is below the street average. However, the story flips when you zoom out to the broader Westwood neighbourhood and the city of Winnipeg. Within Westwood, the lot is significantly larger than average (ranking in the top 8% of the neighbourhood), and the home’s size and assessed value land very close to the community and city medians.
The appeal here isn’t flashiness or a standout interior. It’s about solid, middle-of-the-pack numbers at a city-wide level, paired with a genuinely oversized lot for its neighbourhood. A thoughtful buyer might see this as a home that offers more yard—and therefore more outdoor potential—than most of its Westwood neighbours, without commanding a premium price. It suits practical, value-conscious buyers who care more about land than a turn-key interior. It could also appeal to someone looking for a long-term property where the lot itself holds more long-term potential than the current house suggests.
Five Possible FAQs
1. How does the property’s size compare to similar homes?
The house is slightly smaller than average for its street (27th out of 35 homes) but nearly average for Westwood (845th out of 2,523) and Winnipeg. Its real strength is the lot: it’s in the top 8% of Westwood and top 9% city-wide for land size.
2. Is the assessed value a fair representation of what the property might sell for?
Its assessed value is just under the Westwood average and slightly above the city average. The assessment is a benchmark, not a market price. The large lot could push a sale price above assessment, especially if buyers in Westwood value yard space more than typical.
3. How old is the house, and does that matter for maintenance?
Built in 1962, it’s slightly older than the street and neighbourhood averages. That places it in a category where major systems (roof, heating, plumbing) are likely due for eventual updates. A buyer should budget for possible mid-term renovations, but it’s not unusually old for the area.
4. Why is the lot size highlighted as a key feature when it’s not exceptional on the street?
Because within the Westwood neighbourhood, properties with lots this large are uncommon. While the street has bigger lots on average, the home’s lot outperforms the vast majority of its immediate community. For someone who wants privacy, gardening space, or room for additions, this lot is the property’s main asset.
5. Who should consider this property?
Buyers who want more land than the typical Westwood home offers without paying a premium for a fully renovated or larger house. It’s a good fit for someone willing to invest sweat equity or who prioritizes outdoor space over a move-in-ready interior. It may be less suitable for someone seeking a home that’s immediately competitive with newer or larger houses on the same street.