31 Coral Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1959-built home on Coral Crescent offers 1,040 sq ft of living space on a 6,488 sq ft lot, with an assessed value of $402,000.
What stands out most here is the land. While the house size is close to the neighbourhood average—ranking 32nd out of 50 homes on the street—the lot is notably generous for the Windsor Park area. It ranks in the top 22% within the community and top 23% city-wide. For buyers who value outdoor space, yard potential, or room to expand, that’s the real draw.
The assessed value is also a point of interest. At $402,000, it ranks in the top 10% on the street and top 8% in the neighbourhood. This suggests the land and location are driving the valuation more than the house itself—something to keep in mind if you're comparing monthly costs or property taxes.
The build year (1959) is among the oldest on the street (ranked 1st out of 50), which may appeal to buyers who appreciate mid-century character or are looking for a renovation project with good bones. It’s less likely to suit someone wanting a turnkey, low-maintenance newer build.
This property would suit: buyers who prioritize lot size and established neighbourhood character over finished square footage, and who are comfortable with a home that may need updates. Investors or renovators may also see value in a well-located property with above-average land.
Five Possible FAQs
1. How does the property's size compare to others in Windsor Park?
The living area is slightly below the neighbourhood average of 1,091 sq ft, but the lot size (6,488 sq ft) is above the community average of 6,030 sq ft. So you're getting more outdoor space than most homes in the area.
2. Is this a good option for someone looking to renovate or expand?
Yes. The larger-than-average lot and older build year (1959) suggest there may be room to add square footage or update the existing structure. That said, always check local zoning and permit requirements before planning any changes.
3. Why is the assessed value high relative to the house size?
The value is being driven primarily by the land and location, not the living area. The home ranks in the top 10% for assessed value on its street, while the house size ranks near the middle. This is common for older homes on larger lots in established neighbourhoods.
4. How does the property compare to newer homes in the city?
It's on the smaller side for living space—city-wide, the average is 1,342 sq ft—and the build year is older than most Winnipeg homes (average is 1966). But the lot is in the top 23% city-wide, which is a meaningful advantage.
5. What should I know about the property's condition given its age?
This isn't something the data covers directly, but with a 1959 build, it's worth budgeting for potential updates to major systems (plumbing, electrical, roofing, windows). A home inspection is recommended to understand what's been maintained and what may need attention.