127 Crestwood Crescent

127 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,296 sqft home on a notably large 6,599 sqft lot in Windsor Park, Winnipeg, built in 1960. Its assessed value is $325,000.

The property’s strongest asset is its land. It ranks in the top 21% citywide for lot size, and in the top 18% within its neighbourhood. For buyers who value outdoor space, a large garden, or the potential for future expansion, this is the primary draw. The living area is also generous for the street and neighbourhood—sitting in the top 5% on Crestwood Crescent and top 10% in Windsor Park—though it is slightly below the citywide average for comparable homes.

The assessed value is below average both on the street and in the area, which may reflect an older structure or interior finishes that haven’t been recently updated. This presents an opportunity for buyers willing to invest in renovations. The home itself is one of the older properties on the street (top 22% for age in a positive sense), meaning it was among the earlier builds in this part of the neighbourhood.

This property would suit a buyer who prioritises land over turnkey condition—someone comfortable with a project or at least with updating a home over time. It may also appeal to those who want a larger-than-average lot in a well-established central Winnipeg area without paying a premium for a fully renovated house. It is less suited to someone seeking a move-in-ready home with modern finishes, or someone who wants to minimise ongoing maintenance.

Frequently Asked Questions

1. Is this property a good deal compared to others on the street?
The assessed value is below the street average ($347,700 versus $325,000), despite having a larger living area and lot than most neighbours. This gap could mean the home needs updates, or it could reflect a conservative assessment. Either way, it signals potential value for a buyer who sees the land and location as the main assets.

2. How old is the house, and what should I expect from a 1960 build?
The home was built in 1960, which is typical for Windsor Park. Common considerations for this era include original plumbing and electrical systems, single-pane windows, and insulation that may not meet current standards. However, many homes from this period have solid foundations and good bones. A thorough inspection is recommended, particularly for the roof, furnace, and windows.

3. What kind of renovation potential does the lot offer?
At 6,599 sqft, the lot is well above average both locally and citywide. Depending on zoning and setbacks, there may be room for an addition, a detached garage or workshop, or extensive landscaping. It’s worth checking with the city before making plans, but the land area is the property’s standout feature.

4. How does the living space compare to other homes in Winnipeg?
The home’s 1,296 sqft is close to the citywide average for comparable properties (1,342 sqft). It is not unusually large by Winnipeg standards, but it is generous for its specific street and neighbourhood. The layout and flow are the main factors to assess in person.

5. What is the neighbourhood like in terms of resale value?
Windsor Park is a well-established area with a mix of post-war homes. The assessed values in the neighbourhood trend slightly below the city average, but the large lot and good location on Crestwood Crescent offer some insulation. Resale value will depend heavily on how the home is maintained and updated over time.