40 Harwood Crescent – Property Summary
Key Characteristics and Buyer Profile
This is a 970 sqft home built in 1972 on a 3,199 sqft lot in Winnipeg’s Westdale neighbourhood. The living area is right around the average for its street and slightly below the neighbourhood and city averages. The assessed value of $260k sits a bit under the street average of $280.7k and well below the citywide average for comparable homes, which is $390k. The lot size is notably smaller than the Westdale average of 5,168 sqft and the city average of 6,570 sqft.
The appeal here is mostly about affordability relative to the broader market. The assessment is low for the city and even for the neighbourhood, which could mean lower property taxes or a more accessible entry point. The year built is fairly typical for the area, so there’s nothing exceptional about the age—nothing to worry about, but also nothing to brag about.
This property would suit a buyer who prioritizes keeping costs down over square footage or yard space. It’s not for someone who wants a large lot or a particularly spacious interior. It might work well for a first-time buyer, a downsizer, or an investor looking for a property with a lower baseline in a stable neighbourhood. The trade-off is clear: you’re getting less space and land than average, but you’re also paying less than average.
Five Possible FAQs
1. How does the lot size compare to other homes in Westdale?
The lot is 3,199 sqft, which is below average for the neighbourhood. Westdale’s average lot size for comparable homes is about 5,168 sqft. On Harwood Crescent itself, the average is 3,792 sqft, so this lot is a bit smaller than most on the street as well.
2. Is the assessed value likely to go up or down in the near future?
No one can predict assessments with certainty, but the current value of $260k is below the street, neighbourhood, and city averages. That could mean there’s room for upward adjustment if the market in Westdale strengthens, but it could also simply reflect the home’s size and condition. It’s not a red flag either way.
3. Why is the citywide ranking for living area so low (top 77%)?
The living area of 970 sqft is smaller than the citywide average for comparable homes, which is 1,342 sqft. That puts it in the lower third of the city. It’s not unusually small for its street or neighbourhood, but compared to the whole city, it’s below average.
4. When was this home built, and is that considered old for the area?
It was built in 1972, which is right around the average for Harwood Crescent (also 1972) and for Westdale (1971). Citywide, the average year built for comparable homes is 1966, so this is slightly newer than the city average. Nothing unusual.
5. Does the smaller lot affect the home’s resale value?
It can, but not necessarily in a negative way. Smaller lots often appeal to buyers who want less upkeep or a lower purchase price. In Westdale, where larger lots are more common, this home stands out as a more affordable option. Resale will depend on what buyers in that neighbourhood are looking for at the time.