46 Evenwood Crescent, Winnipeg
Property Overview
This is a compact, well-maintained home built in 1971, with 720 square feet of living space on a 3,292-square-foot lot. Its key appeal lies in the value proposition: the assessed value of $275,000 is notably above average for its street (top 27%), while the living area and land size are below average both locally and citywide. In other words, you're paying a premium for the lot’s location and the home's condition relative to its immediate neighbours, not for square footage.
The property sits in Westdale, a neighbourhood where typical homes are larger (average 1,029 sqft) and sit on bigger lots (average 5,168 sqft). This home is one of the smaller and older options in the area, but it ranks well on assessed value within the street itself, suggesting recent upgrades, better upkeep, or a desirable position on the block. For a buyer who values location over interior space, or who is open to a renovation that adds square footage (where zoning allows), this could be a smart entry point into a higher-priced neighbourhood. It would also suit a downsizer, a first-time buyer prioritizing affordability and a quieter street, or an investor looking for a property with below-average land-to-value ratio in a stable area.
Frequently Asked Questions
1. The living area seems small—how does this compare to typical homes in Westdale?
It is significantly smaller than the neighbourhood average (720 sqft vs. 1,029 sqft). Citywide, it ranks in the bottom 5% for living area. This is a compact home, so think of it as a cottage-like footprint or a starter home rather than a family-sized space.
2. What does the assessed value of $275,000 tell me about the property?
It's above average for the street but below average for Westdale and well below the citywide median. This suggests the home is priced competitively for its immediate block, but it's not overvalued relative to the broader market. You're getting a lot of relative value on this specific street, even if the home is small.
3. The lot is 3,292 sqft—is that too small for this area?
It's smaller than average for the street (3,523 sqft) and well below the neighbourhood norm (5,168 sqft). You won't have a large yard. For some buyers, this is a plus (less maintenance). For others, it limits expansion or gardening. Check local zoning for any possibility of adding on.
4. How old is the home, and has it been updated?
Built in 1971, it's slightly newer than the citywide average. The exact condition or renovation history isn't listed here, but its above-average assessed value on the street (top 27%) hints that it may have been updated or well-maintained. You'd want to verify with an inspection.
5. What kind of buyer typically goes for a property like this?
Often someone who wants to live in Westdale but can't afford a full-sized home there, or a buyer who sees potential in a smaller floor plan on a decent street. It's also worth looking at for investors who prioritize lot value or rental yield over gross square footage.