27 Coral Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1958-built home with 1,031 sqft of living space on a notably large lot of 7,770 sqft. The lot size stands out sharply—it ranks near the top of the street (2nd out of 50) and well above the city average, both for lot area and in terms of how it compares to similar homes citywide. The assessed value of $390,000 is above average on the street and in the neighbourhood, though it aligns closely with the citywide benchmark for comparable properties. The living area is slightly smaller than average on the street and citywide, which is common for homes of this era in established areas.
The appeal here is largely about land. For buyers who value outdoor space, gardening potential, or the option to expand or redevelop in the future, the generous lot provides flexibility that many comparable properties in the area lack. This is less of a move-in-ready statement home and more of a solid, unpretentious property where the primary asset is what sits under the house. It would suit buyers who prioritize long-term value and square footage of land over a modern finish, as well as those looking for a home in a well-ranked neighbourhood (Windsor Park) where property values have held steady relative to the rest of the city.
Best suited for: Practical buyers, families needing room for kids or pets to play, investors or renovators looking for a lot with upside, and anyone comfortable with a home that may need updates over time but offers strong fundamentals.
Five Possible FAQs
1. How does the lot size compare to other homes in the area?
It’s one of the largest lots on Coral Crescent—ranked 2nd out of 50 homes on the street—and well above the neighbourhood and city averages. The lot is 7,770 sqft, compared to the neighbourhood average of 6,030 sqft and the city average of 6,570 sqft.
2. Why is the assessed value higher than the street average even though the living area is smaller?
The assessed value reflects the land’s contribution more than the building’s size in this case. A larger lot in a desirable neighbourhood can push the assessed value up, even when the house itself is modest. The home’s location in Windsor Park, which ranks well above average for assessed value within the city, also plays a role.
3. Is the house small compared to other homes in Winnipeg?
Yes, the living area is below the citywide average for comparable homes (1,342 sqft). But that’s typical for a 1958 home in an established neighbourhood, and it’s not unusually small for the street itself. The trade-off is the much larger lot.
4. What does the “Top X%” ranking actually tell me?
It shows how the property performs relative to similar homes at three levels: on its own street, within Windsor Park, and across Winnipeg. For lot size, for example, being in the top 4% on the street means only two other homes have more land. The rankings are a quick way to see where the property stands out—and where it’s average.
5. Would this home be a good candidate for a future addition or redevelopment?
Potentially, yes. The lot is large and ranks high citywide, which suggests there’s room for expansion if local zoning allows. That said, the home itself is 65+ years old, so any major work should involve a thorough inspection and a review of current building codes. The lot’s value is what makes it notable—not the house’s current condition.