29 Lavenham Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,020-square-foot home built in 1969 on a 3,099-square-foot lot in Winnipeg’s Westdale neighbourhood. The property sits on a street where homes are relatively consistent in size and age, but it stands out for one clear reason: it’s the oldest house on the block—ranked #1 out of 46 by year built. That’s not necessarily a drawback; it means the home has likely seen fewer major renovations common in newer builds, and the structure may reflect a simpler, more durable era of construction. The assessed value is $237,000, which is notably below both the neighbourhood average ($307,400) and the citywide average for comparable homes ($390,100). The living area is about average for the street and neighbourhood but sits below the citywide norm—unsurprising for an older, smaller home in an established area.
The appeal here is pragmatic rather than aspirational. This is a home for someone who values a lower entry price in a stable, middle-aged neighbourhood, and who isn’t chasing the biggest lot or the most modern finishes. The trade-off is clear: you get a property that’s affordable relative to its surroundings, but the land and living space are both on the smaller side, especially compared to newer suburban developments. This would suit a first-time buyer looking to get into a well-established Westdale pocket without stretching their budget, or an investor targeting a lower-cost entry in an area with decent street-level comparability. It may also appeal to someone who sees the older construction as an opportunity to renovate or build sweat equity over time—though the smaller lot limits expansion potential.
Five Possible FAQs
1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value ($237K) is below the Westdale average ($307K) mainly because this home has a smaller living area (1,020 sqft vs. 1,029 sqft neighbourhood average) and a significantly smaller land area (3,099 sqft vs. 5,168 sqft neighbourhood average). Lot size is a big driver of value in this area, and this property has about 40% less land than the typical Westdale home.
2. What does it mean that this home is ranked #1 oldest on the street?
It means no other house on Lavenham Crescent was built earlier than 1969. That can be a positive if you prefer older construction methods (like full basement foundation depth or solid framing), but it also means systems like plumbing, electrical, and insulation may be original or near end-of-life. It’s worth a thorough inspection to understand what’s been updated.
3. Is this a good neighbourhood for families?
Westdale is a well-established residential area with schools, parks, and reasonable access to amenities. The lot is modest, so if you need a large yard for kids or pets, you’ll notice the constraint. That said, the street itself is quiet, and the school catchment is typical for the area—worth checking directly with the division for current boundaries.
4. How does the living area compare to similar price-point homes in Winnipeg?
Citywide, the average living area for comparable homes is 1,342 sqft, so this property is about 24% smaller. At its price point, you’re trading square footage for location within an older, more central neighbourhood. If you compare it to entry-level homes in newer subdivisions, you’ll likely find more space but farther from the core.
5. Should I expect the assessed value to rise?
That depends more on the broader market and any improvements you make than on the current ranking. The property is already in the bottom 8% of Westdale by value, so it’s not likely to see dramatic increases unless the neighbourhood redevelops or you invest significantly. The small lot is a structural limitation that will keep it below area averages unless surrounding properties also see value compression.