47 Harwood Crescent – Property Summary
Key Characteristics & Who It Suits
This is a 1970-built home with 1,056 sq ft of living space on a 3,497 sq ft lot, located on Harwood Crescent in Winnipeg’s Westdale neighbourhood. The property sits in a strong position within its own street: it’s in the top 21% for living area and top 31% for lot size compared to neighbours. But once you look at the wider Westdale area and city averages, the numbers shift. The home’s assessed value ($253,000) is below both the street and community averages, which suggests it’s priced more modestly than much of the surrounding housing stock—possibly reflecting a less updated interior or smaller land footprint compared to newer builds or larger lots typical of the area.
The appeal here is value-for-money in a decent street context. Buyers get more interior space than most homes on Harwood Crescent (which averages 993 sq ft), on a lot that’s comparable to the street norm. But the property is smaller than many Westdale and city-wide homes on both land and living area, and its age is typical for the neighbourhood (mid-1970s). The lower assessment relative to the community makes it a potential option for someone looking to enter a desirable neighbourhood without paying a premium for a larger lot or a renovated home. It would best suit first-time buyers, young families, or investors who are comfortable with a home that’s modest by local standards but in a solid street location.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
On Harwood Crescent, it’s bigger than average—ranked 15th out of 70 homes. In Westdale and city-wide, it’s slightly below average, especially on lot size. If you’re used to a 3,500 sq ft lot, this is typical for the street, not the neighbourhood.
2. Why is the assessed value lower than the street average?
The home is assessed at $253k, versus the street average of $281k and Westdale’s $307k. That likely reflects a combination of factors: the home is older (1970), the lot is smaller than many in the area, and the property may not have been recently updated. It’s priced to reflect current condition rather than potential.
3. Is this a good investment property?
The low assessment relative to the community suggests there’s room for value growth if you improve the home or if the area appreciates. However, the land is small compared to many Westdale properties, which could limit long-term redevelopment upside. It’s more suited as a solid entry-level purchase than a high-flip candidate.
4. What’s the neighbourhood like?
Westdale is an established Winnipeg neighbourhood with a mix of mid-century homes, mostly built in the late 1960s and 1970s. It’s not a trendy new development, but it has stable community character, good access to amenities, and a lower barrier to entry than some pricier nearby areas. The home’s street, Harwood Crescent, ranks well on interior space, so it’s a competitive pocket.
5. How should I interpret the progress bars and rankings?
The rankings compare this property to others on the same street, in Westdale, and across all of Winnipeg. A higher rank (smaller number) means the home performs better in that category—so a top-21% rank for living area on its street is good. The progress bars show roughly what percentage of comparable homes it beats. Keep in mind that “average” refers to the median of all comparable homes in that range, not a target.