123 Crestwood Crescent – Property Overview
Key Characteristics & Buyer Profile
This 1960s home in Windsor Park offers 1,276 square feet of living space on a substantial 6,599-square-foot lot. What stands out most is the assessed value relative to its street and neighbourhood. At $397k, it ranks in the top 5% on Crestwood Crescent and top 10% in the wider area—well above the street average of $347.7k and neighbourhood average of $354.2k. The living area also runs larger than typical for the street, where the average is 1,042 square feet. The land is slightly above average for both the street and neighbourhood, though it falls just short of the citywide median.
The appeal here is less about being an obvious bargain and more about relative positioning. On its own street, this property sits among the upper tier by size and value, which suggests a well-maintained or upgraded home in a stable pocket. Citywide, however, both the assessed value and living area hover around the middle—meaning you're getting a top-tier property on a local scale without paying a premium that would stand out across the whole city. The year built is typical for the area, so there's nothing unusual about the age profile.
This property would suit a buyer who values a larger-than-average lot and living space within a specific street or neighbourhood, and who wants something that already ranks well locally rather than needing significant work to catch up. It may also appeal to someone interested in long-term hold potential in a solid middle-tier Winnipeg neighbourhood, where the home is already positioned ahead of its immediate peers.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The $397k assessment puts it in the top 5% on Crestwood Crescent and top 10% in the Windsor Park neighbourhood. The street average is $347.7k, and the neighbourhood average is $354.2k. Citywide, it's closer to average at the 39th percentile.
2. Is the lot size unusually large for the area?
It's above average but not extreme. The lot is 6,599 square feet, compared to the street average of 6,291 and neighbourhood average of 6,030. It ranks in the top 21% on the street and top 18% in the neighbourhood.
3. How old is the property, and does that matter compared to others nearby?
Built in 1960, which is typical for the street (average is also 1960) and neighbourhood (average 1961). Citywide, the average for comparable homes is 1966, so it's slightly older than the broader pool but consistent with its immediate area.
4. What does "Top 8%" for living area on the street actually mean in practice?
Of 149 comparable homes on Crestwood Crescent, this one ranks 12th by size. The street average is 1,042 square feet, so at 1,276 square feet, you're getting roughly 230 extra square feet compared to what's typical on that block.
5. How should I interpret the citywide rankings being lower than the street or neighbourhood ones?
It's normal and reflects the fact that this street and neighbourhood have below-average home sizes and values compared to the rest of Winnipeg. The property performs very well locally, but citywide it's competing against larger and more expensive homes in other parts of the city, so the rankings naturally drop.