63 Crestwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,087 sqft bungalow built in 1957, sitting on a 6,053 sqft lot in Winnipeg’s Windsor Park neighbourhood. Its living area is slightly above average for both the street and the neighbourhood, but below the citywide average. The assessed value of $354,000 tracks closely with local norms, though it sits about 9% below the citywide average for comparable homes. The lot size is the property’s strongest feature relative to the broader market: it ranks in the top 29% citywide, meaning it offers more outdoor space than most similar Winnipeg homes. The home itself is older than most on the street (top 92% for age) and in the neighbourhood, which is typical of Windsor Park’s postwar housing stock.
Where the appeal lies: The property offers a solid, functional floor plan on a generous lot in an established, mid-century neighbourhood. The living space is comfortable and not undersized for the area. The larger lot is the standout feature—it provides room for gardens, sheds, or future additions that many newer or smaller lots in the city don’t allow. The age of the home means it likely has good bones (mature construction, established neighbourhood trees, deeper setbacks) but may need updates, which is reflected in the below-average assessed value.
Who it suits: Buyers who value land over a turnkey interior. Empty nesters or families who want room for a workshop, a large vegetable garden, or a play structure without moving to a suburban fringe. Also practical for someone comfortable with a renovation project—the price relative to city averages suggests room to add value through updates, especially given the above-average lot. Less suited for someone seeking a move-in-ready home or a modern open-concept layout without significant work.
Frequently Asked Questions
1. How does the assessed value compare to what I might actually pay?
The assessed value of $354,000 is an estimate used for property tax calculations, not a market price. It sits near the neighbourhood average. In a competitive market, final sale prices can be influenced by recent sales on Crestwood Crescent or similar streets. Check recent comparable sales (not assessments) for a realistic price range.
2. Does the older construction year (1957) mean major systems need replacing?
Not necessarily, but it’s worth verifying. Homes of this era often have original or early replacements for roofs, furnaces, windows, and electrical systems. A pre-purchase inspection is essential. The upside is that older homes in Windsor Park often have solid foundations and quality lumber not found in newer builds—but that doesn’t guarantee everything is in good shape.
3. Why is the lot ranked higher citywide than in the neighbourhood?
The lot is 6,053 sqft. That’s slightly below the street average (6,291 sqft) and roughly in line with the neighbourhood average (6,030 sqft). So it’s not unusually large locally. But citywide, many homes sit on smaller lots (5,000 sqft or less), especially in newer subdivisions. The lot’s relative strength is against Winnipeg as a whole, not against nearby homes.
4. Is Windsor Park a good area for resale value?
Windsor Park is an established, central-area neighbourhood with mature trees, good access to schools and parks, and a mix of postwar bungalows and newer infills. Resale tends to hold up well because land is less substitutable than finishes—homes on larger lots in older neighbourhoods often appreciate steadily, even if the house itself needs work. That said, it’s not a high-growth “hot spot” like some newer suburbs.
5. What’s the most important thing to look at beyond the stats?
The stats show a solid, average home with a better-than-average lot. But the real question is the condition of the foundation, roof, and mechanicals—especially for a 1957 build. Also walk the lot: check for drainage, mature tree roots near the house, and any easements. A large lot can be an asset, but only if it’s usable without major hidden costs.