43 Crestwood Crescent – Property Summary
Key Characteristics & Buyer Appeal
This property sits on a notably large lot, which is its standout feature. The land area of 7,859 sqft places it in the top 7% on Crestwood Crescent, the top 6% in Windsor Park, and the top 12% citywide. For buyers who place a premium on outdoor space, yard potential, or future expansion possibilities, this is a significant advantage over most homes in the area.
The house itself is more modest. At 918 sqft, the living space runs below average for the street, the neighbourhood, and Winnipeg as a whole—but not dramatically so. It was built in 1959, putting it close to the median age for the area, which means it’s neither unusually old nor particularly young compared to neighbours. The assessed value ($344,000) is also near the average for the street and community, and slightly below the citywide average of $390,000.
What’s less obvious is the trade-off the property represents: the buyer isn’t paying a premium for the land, despite the lot being well above average. The assessed value sits close to the local median, which suggests the land’s value may be underrecognized in the assessment, or that the house itself is carrying less weight. That could appeal to someone looking to renovate, rebuild, or simply hold a large property without paying a top-tier price for it.
This home would suit buyers who are less concerned with immediate move-in square footage and more interested in land, location within a stable neighbourhood like Windsor Park, and long-term potential—whether that means adding on, landscaping extensively, or waiting for the lot to appreciate independently of the structure.
Five Possible FAQs
1. How does the living space compare to other homes nearby?
The house is smaller than average—918 sqft versus 1,042 on the street and 1,091 in the neighbourhood. That places it in the lower 79–87% range, so it's definitely on the compact side.
2. Is the land size a meaningful advantage?
Yes, noticeably. It's in the top 7% on the same street and top 6% in Windsor Park. Most lots in the area are around 6,000–6,500 sqft, so this one gives you roughly 1,500–1,800 extra square feet of outdoor space.
3. What does the assessed value tell me about the home?
It’s very close to the average for both the street and the community—around $344,000 vs. $348,000–$354,000. This suggests the home is priced in line with its immediate neighbours, despite having a larger lot and slightly smaller house.
4. How old is the property, and does that matter?
Built in 1959, which is typical for the area. It's not one of the oldest homes in Windsor Park, but it's not a newer build either. The age is comparable to most surrounding houses, so renovation needs may be similar to what you'd expect for a mid-century home.
5. Who is this property not a good fit for?
Someone looking for a move-in ready home with generous interior space would likely be frustrated by the 918 sqft layout. It also may not suit buyers who want a newer or recently updated home without planning for renovations.