163 Crestwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1954 bungalow with 852 square feet of living space on a 6,602-square-foot lot in Windsor Park, Winnipeg. The home is among the smallest and oldest on its street and in the neighbourhood, ranking near the bottom for both living area and year built. Its assessed value of $258,000 is the lowest on Crestwood Crescent and well below neighbourhood and city averages.
The property’s main appeal is the lot. It’s larger than most comparable homes on the street, in the neighbourhood, and across the city—ranking in the top 18–21% across all three levels. That extra land gives potential for expansion, redevelopment, or simply more outdoor space than neighbouring properties offer.
This home would suit buyers who prioritize land over the house itself. It’s a strong candidate for someone looking to renovate extensively or build new, especially given the below-average purchase price relative to the lot size. It’s less suitable for someone wanting a move-in-ready home with modern square footage. The low assessed value also means lower property taxes, which may appeal to cost-conscious buyers or investors.
Frequently Asked Questions
1. Is the house structurally sound still?
The data doesn’t include a condition report. At 70 years old, the home likely needs updates to systems like wiring, plumbing, and insulation. A home inspection is essential.
2. Could I build a second dwelling on this lot?
Possibly. At over 6,600 square feet, the lot exceeds the minimum size for many infill or secondary suite projects in Winnipeg, but zoning and setback rules vary. You’d need to check City of Winnipeg bylaws specifically for the Windsor Park area.
3. How do property taxes compare to similar homes?
With an assessed value of $258,000, taxes would be significantly lower than the neighbourhood average of $354,200. Exact figures depend on the current mill rate but expect a modest annual bill relative to other homes in Windsor Park.
4. Why is the value so low compared to the street average?
The home is smaller and older than nearly all others on Crestwood Crescent. Assessed value reflects these factors, plus any deferred maintenance. The lot alone doesn’t compensate enough to bring the value up to the street median of $347,700.
5. Is this a good investment for a flip?
Only if you can significantly increase the living space or build new. The land is the asset. A flip that doesn’t add square footage may struggle to compete with larger, newer neighbouring homes. Renovation costs need to be weighed carefully against the ceiling set by street and neighbourhood values.