121 Crestwood Crescent

121 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,044 sqft bungalow built in 1960 on a 6,049 sqft lot in Winnipeg’s Windsor Park neighbourhood. Its living area sits right at the street and neighbourhood averages, meaning it’s not unusually cramped or spacious for the area. The assessed value of $337k is slightly below the neighborhood median ($354k), which may reflect modest interior updates or a less premium location within Windsor Park.

The real standout here is the land. At the citywide level, the lot ranks in the top 30% for size—above average for Winnipeg. Combined with the home’s older construction date (top 22% on the street for age), this property appeals most to buyers who value land over finishings. It suits someone looking for a solid, unrenovated starter or a project where the lot offers room to expand, garden, or build a garage. It’s less suited for those seeking a move-in-ready, updated home or a flashy address—the value is understated and practical.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The value is below the neighborhood average by about $17k, and ranks in the bottom 40% within Windsor Park. This suggests the home may need cosmetic updates or lacks features like a modern kitchen or finished basement that comparable homes have. It’s not overpriced for the area, but don’t expect a bargain relative to condition.

2. Is the living area considered small for the city?
It’s slightly below the citywide median for comparable homes (1,342 sqft), but it’s right in line with other homes on Crestwood Crescent and in Windsor Park. For a 1960s bungalow, 1,044 sqft is typical. It’s not tiny, but it won’t suit someone needing a large open plan.

3. What does the land size mean in practical terms?
At 6,049 sqft, the lot is bigger than about 70% of similar properties in Winnipeg. This gives you more yard space than most newer subdivisions offer. Potential uses: a detached garage, a sizable garden, or future addition—provided zoning allows. Check with the city before planning anything major.

4. Why is the year built a positive here?
Homes from 1960 are often seen as solidly built (mature trees, good bones) but may need updated wiring, plumbing, or insulation. On this street, only 22% of homes are older, which can be a selling point for buyers who appreciate mid-century character or don’t want a tear-down. It’s not a historic gem, but it’s not a 1970s box either.

5. What is the neighborhood like for resale value?
Windsor Park is an established, middle-aged suburb. The assessed values here lag the city average slightly, which is common for areas with older housing stock. Resale will depend more on the condition you maintain and any improvements you make, rather than the street’s trendiness. It’s a stable, not high-growth, market.