131 Crestwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,050-square-foot bungalow built in 1960, set on a 6,599-square-foot lot in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the land: the lot ranks in the top 21% city-wide and top 18% within the neighbourhood, meaning it’s larger than most comparable properties nearby. The assessed value of $384,000 also sits notably above the street and neighbourhood averages—ranking in the top 11% on Crestwood Crescent and top 18% in Windsor Park. The living area and year built are essentially average for the area, so the home itself is fairly typical for a 1960s bungalow, but the extra yard space gives it real potential.
The appeal here is primarily for buyers who value outdoor space—whether for gardening, a workshop, future expansion, or simply more room to spread out. The home is also positioned well for someone looking to add value, since the lot size offers options that smaller properties in the neighbourhood don’t. It would suit a practical buyer who doesn’t need a turnkey interior but sees the long-term potential in a solid, well-located property with above-average land. Windsor Park is a stable, mid-city area, so families, downsizers, or investors looking for a hold-and-improve scenario would all be plausible matches.
Five Frequently Asked Questions
1. How does the property’s assessed value compare to similar homes nearby?
It’s above average for both the street and the neighbourhood. On Crestwood Crescent, it ranks in the top 11%, and within Windsor Park, it’s in the top 18%. That likely reflects the larger lot size and possibly some updates, rather than the living area alone, which is close to the neighbourhood average.
2. Is the lot big enough for a garage, addition, or subdivision?
At 6,599 square feet, the lot is larger than about 80% of comparable properties city-wide. Whether it’s suitable for an addition or subdivision depends on local zoning bylaws, but the size alone puts it in a stronger position than most bungalows in the area. A garage or workshop would be straightforward.
3. The house was built in 1960—are there common issues to expect with homes this age?
Typical considerations include original electrical (fuse panels or outdated wiring), aging plumbing (galvanized pipes), and insulation levels that may not meet modern standards. The foundation and roof should be inspected, but 1960s bungalows in Winnipeg are generally well-built if maintained. The home’s average ranking for year built suggests it’s consistent with the neighbourhood’s age profile.
4. Why is the living area considered “around average” when it’s slightly above the street average?
On the street, it ranks in the top 39%, which is slightly above the median. But at the neighbourhood and city level, the ranking drops closer to the middle (top 51% and 67%, respectively). So it’s not small, but it’s not unusually large either. The home’s real advantage is land, not floor space.
5. What kind of buyer typically looks at a property like this?
Two common types: someone who wants a larger yard than most homes in this price range offer, and someone who sees the lot as an opportunity to renovate or expand. It’s less likely to appeal to buyers looking for a fully modernized, move-in-ready home, since the interior square footage and age are fairly standard. It’s more of a “good bones” property.