50 Evenwood Crescent – Property Summary
Key Characteristics & Who It Suits
This is a 1971-built home with 720 sqft of living space on a 3,305 sqft lot, currently assessed at $263,000. Its standout feature is how it compares to its immediate street: on Evenwood Crescent, the home ranks in the top 23% for year built (newer than most neighbours) and sits near the median for both land area and assessed value. The living area, however, is below the street average of 862 sqft, and both lot size and living space fall significantly short when measured against the broader Westdale neighbourhood and Winnipeg citywide averages.
The property’s appeal lies in its relative affordability within a desirable area. It’s priced well below the Westdale neighbourhood average ($307,400) and far below the citywide average for comparable homes ($390,100). For a buyer who values location over square footage, this could represent a solid entry point into a neighbourhood that typically commands higher prices. It would suit first-time buyers looking for a smaller, lower-maintenance home, or investors interested in a property with potential for renovation or infill development—given that many surrounding lots are significantly larger, the land may hold more long-term value than the structure itself.
Five Frequently Asked Questions
1. How does this home compare to others on the same street?
It’s very much in the middle of the pack. It ranks 30th out of 56 for assessed value, 29th for land area, and 33rd for living area. The one area where it stands out is build year—it’s in the top quarter, meaning it’s newer than most homes on Evenwood Crescent.
2. Is the property priced fairly for the neighbourhood?
Relative to the Westdale area, yes. The neighbourhood average assessed value is about $307,000, and this home is assessed at $263,000—roughly 14% below that. However, much of that gap likely reflects the smaller living area and lot size. You’re paying less, but also getting less space.
3. Why is the living area so much smaller than the city average?
The citywide average for comparable homes is 1,342 sqft—nearly double this property’s 720 sqft. That’s not unusual for this price point in this neighbourhood. Westdale has a mix of older bungalows and larger family homes, so smaller units like this one are common, especially from the early 1970s.
4. Could this be a good lot for a future rebuild or addition?
The 3,305 sqft lot is below the Westdale average of 5,168 sqft, so it’s not oversized. But it’s still a standard city lot in a desirable area. A prospective buyer should check zoning and setback requirements before assuming an addition is feasible. The land value alone likely supports the assessment, but it’s not a “land play” compared to larger neighbouring parcels.
5. What might be the biggest drawback for a typical buyer?
The 720 sqft living area. Most buyers looking in Westdale expect 900–1,100 sqft at minimum. This home would feel noticeably tight for a family, and its resale pool is narrower—it appeals most to singles, couples, or those specifically looking for a smaller footprint with a good location.