48 Conifer Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1958 bungalow with 1,013 square feet of living space on a 5,773-square-foot lot, located on Conifer Crescent in Winnipeg’s Windsor Park neighbourhood. Its assessed value is $334,000.
The property’s main appeal is its age relative to the street. It is one of the older homes on Conifer Crescent, ranking in the top 8% for year built, which suggests solid original construction in a well-established area. The living area and assessed value are below the street average, but the lot size is close to the neighbourhood median. The home sits in a moderately dense, mature neighbourhood where many surrounding properties are similar vintage.
This would suit a buyer who values location and lot size over square footage—someone willing to invest in cosmetic updates or a renovation rather than paying a premium for a move-in-ready, larger home. It may also appeal to those who prefer older construction with proven bones over newer subdivisions, provided they are comfortable with a property that sits below street and neighbourhood averages in value and interior space. The Windsor Park location offers established amenities and mature trees, but the home is not a standout on its street by size or price.
Five Frequently Asked Questions
1. How does this property’s living area compare to others nearby?
The home’s 1,013 square feet is below the average for Conifer Crescent (1,090 sqft), Windsor Park (1,091 sqft), and the city as a whole (1,342 sqft). It ranks in the bottom 21% on its street and bottom 27% citywide for living area. It is a compact home relative to its peers.
2. Is the assessed value of $334,000 considered fair for the neighbourhood?
The assessed value is below the street average ($355,500) and the neighbourhood average ($354,200). It ranks 54th out of 62 homes on Conifer Crescent, meaning most similar nearby properties are valued higher. Citywide, it sits near the lower middle tier (top 60%).
3. What is the condition or quality of construction likely to be?
Since the home was built in 1958 and is one of the older properties on its street (top 8%), it likely features solid, traditional construction common for that era—such as full basements and dimensional lumber framing. However, original mechanical systems, windows, and insulation may need updating. A home inspection is essential to assess current condition.
4. Is the lot size good for a property of this age and value?
The 5,773-square-foot lot is slightly below the street average (6,016 sqft) and neighbourhood average (6,030 sqft), but it ranks around average on the street (top 65%). It is not a large lot, but it is not unusually small for the area. The lot size is a better comparative feature than the living area or assessed value.
5. What type of renovation or budget should I plan for?
Given the below-average assessed value and living area, but decent lot size, many buyers choose to add square footage (e.g., a rear addition or basement development) rather than tear down. A realistic renovation budget of $50,000–$100,000 could bring the home closer to street averages, depending on the extent of updates needed. The location in a stable, older neighbourhood supports this kind of gradual investment.