118 Harwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,020 sqft home built in 1974 on a 3,196 sqft lot, located in Winnipeg’s Westdale neighbourhood. Its standout feature is its year built—it ranks #1 on the street (top 1%) and in the top 9% of the neighbourhood, meaning it’s one of the newer homes in an area where the average build year is around 1971–1972. That gives it a practical edge: newer construction often means fewer immediate updates to major systems compared to older neighbouring homes.
The assessed value is $266,000, which is below the street average ($280,700) and noticeably lower than the neighbourhood ($307,400) and city ($390,100) averages. That’s partly explained by the smaller-than-average lot size (3,196 sqft vs. the street average of 3,792 sqft and the neighbourhood average of 5,168 sqft). The living area is close to typical for the street and neighbourhood but falls below the citywide average.
Where the appeal lies: The home offers a lower entry price relative to its surroundings, both on the street and in the neighbourhood. The newer build year reduces the likelihood of major structural or mechanical surprises, which matters for buyers who want a solid, move-in-ready house without paying a premium for a large lot or extra square footage. The smaller lot may also mean less yard maintenance.
Who it suits: First-time buyers or downsizers who prioritize a newer home in an established neighbourhood over having a large yard or maximum square footage. It also works for value-conscious buyers who want to avoid the higher price tags of larger, older homes nearby. The location in Westdale is worth noting—it’s a mature, well-regarded area, so buyers should be comfortable with a smaller lot in exchange for being in that community.
Frequently Asked Questions
1. Why is the assessed value below the street average when the house is newer?
Newer construction typically holds value well, but value also depends on size. Here, the living area is close to the street average, but the lot is significantly smaller—3,196 sqft vs. the street average of 3,792 sqft. Assessors consider both the house and the land, so a smaller lot brings the total down.
2. How does the living area compare to typical homes in Westdale?
It’s almost exactly average—1,020 sqft vs. the neighbourhood average of 1,029 sqft. So you’re getting a typical amount of interior space for the area, not a compact or oversized home by local standards.
3. The lot is small. What does that mean day-to-day?
Less mowing, less snow clearing, and less outdoor maintenance overall. If you don’t need a big garden or space for children to play in the yard, it’s a practical trade-off. You’re buying into the neighbourhood without paying for land you might not use.
4. Is being built in 1974 actually “newer” for this street?
In this context, yes. The street average is 1972, and the neighbourhood average is 1971. A 1974 build puts it among the newest homes in both the immediate street and the broader Westdale area. That means it likely has better insulation, wiring, and plumbing than many of its neighbours—but it’s still 50 years old, so it’s not new construction.
5. How does this property compare to similar-priced homes citywide?
Citywide, the average home in this price range is older (1966) and larger (1,342 sqft on a 6,570 sqft lot). So you’re trading square footage and lot size for a newer home in a specific neighbourhood. If you want a big yard or extra rooms, you’d get more space elsewhere, but likely in an older house and a less central area.