52 Lavenham Crescent
Key Characteristics & Profile
This is a 1969 bungalow with 1,076 square feet of living space on a notably large lot—4,257 square feet. Within its immediate street, the property stands out: it ranks in the top 4% for land area and top 2% for being built in 1969 (a year shared with many neighbours, but here it’s the earliest on the street). Its assessed value of $259,000 is above the street average but significantly below both the Westdale neighbourhood and citywide medians. This means the home offers a stronger value proposition on its block than it does when compared to the broader area.
The appeal here is land and location over interior size. The lot is substantially larger than most houses on Lavenham Crescent, making it a candidate for buyers who value outdoor space, gardening, or future expansion. The living area is modest—slightly above street and neighbourhood averages, but well below the citywide typical home. The lower assessed value relative to the neighbourhood suggests the home may need updates or is on a street that hasn’t yet appreciated as quickly as its surroundings. This property suits buyers who are comfortable with a smaller footprint and are willing to invest in a property where the primary asset is the land, not the finishes. It would work well for someone looking for a starter home in a solid area, or an investor betting on lot value in a neighbourhood that is still catching up.
Frequently Asked Questions
1. How does the assessed value compare to other homes in the area?
On its street, it’s above average—ranked 8th out of 46. But in the broader Westdale neighbourhood, it’s below average (ranked 1,121 out of 1,460). The citywide picture is similar: it sits in the bottom 19% of assessed values. This suggests the home is a relative bargain on its block, but not a standout deal compared to the neighbourhood or city as a whole.
2. Is the yard large enough for an addition or extended landscaping?
With 4,257 square feet, the land is in the top 4% on the street, where the average lot is about 3,277 square feet. Against the neighbourhood and city, it’s closer to average. The lot is generous for the immediate area, which could allow room for a garage, workshop, or garden, but potential additions would depend on zoning and setback rules.
3. What does “year built 1969” tell me about the condition or systems?
It’s the oldest house on the street by build year, but only slightly—most neighbours are also from 1969 or just a couple years newer. That means the home is of a similar vintage to its surroundings. Buyers should budget for typical mid-century updates: electrical, plumbing, insulation, and possibly roofing, depending on whether the current owner has done renovations.
4. How does the living area compare to typical homes in Winnipeg?
At 1,076 square feet, it’s smaller than the citywide average of 1,342 square feet. While it ranks well within the street (top 15%), it’s only around average for the neighbourhood and below average citywide. This is a compact home, not an oversized family house, so it’s best suited for couples, singles, or small families who don’t need a lot of indoor space.
5. What does the ranking system mean, and is this a good investment?
The rankings compare this property to others in three scopes: same street, same neighbourhood, and citywide. The bars show how many peers it outperforms. On this home, the strengths are land size and assessed value relative to its street, but weaknesses are the older construction and smaller living area. As an investment, the value is in the land and the street’s relative affordability—not in immediate resale upside. It’s more of a hold-and-improve scenario than a property that will appreciate faster than its neighbours.