56 Evenwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,008 sqft single-family home built in 1971 on a 3,291 sqft lot, with an assessed value of $256,000. The property sits on Evenwood Crescent in the Westdale neighbourhood of Winnipeg.
Its main appeal is the strong living area relative to other homes on the same street—it ranks in the top 20% locally, offering more interior space than most neighbours. The home is also newer than many others on the block (top 23% for year built), and the 1971 construction date is consistent with the neighbourhood and city averages. The assessed value, however, is below average at every level (street, neighbourhood, and citywide), and the lot is smaller than typical for the area.
This property would suit a buyer who prioritises interior square footage over a large yard, and who is comfortable with a modest land size. It may also appeal to someone looking for a home in a well-established neighbourhood that isn’t priced at the top of the local market. The below-average assessed value could be attractive for buyers who want entry-level pricing in a stable area, without expecting rapid appreciation driven by land value.
Frequently Asked Questions
1. How does the living area compare to other homes in Westdale?
The home has 1,008 sqft, which is very close to the Westdale neighbourhood average of 1,029 sqft. It ranks in the top 58% of similar homes in the area, so it’s around average for the neighbourhood—neither notably spacious nor cramped by local standards.
2. The assessed value is below average. Does that mean it’s a fixer-upper?
Not necessarily. Assessed value reflects market conditions and comparable sales, not just condition. The property is ranked in the bottom 20% on its street for assessed value, but that could be due to lot size, location within the street, or recent sale prices rather than deferred maintenance. A home inspection would be needed to assess actual condition.
3. Why is the land area so much smaller than the neighbourhood average?
The lot is 3,291 sqft, while the Westdale average is 5,168 sqft. That’s a meaningful gap. This suggests the property sits on a compact lot, common in older subdivisions where infill or smaller parcels were developed. If you value low-maintenance yard work or a tighter urban feel, this could be a plus; if you want space for gardens or additions, it may be limiting.
4. How old is the roof / furnace / major systems?
The listing doesn’t specify system ages. The home was built in 1971, so major components like the roof, furnace, and electrical may be original or have been replaced at some point. You’d need to ask the seller or check permits. A 50-year-old home often has had at least one replacement cycle, but it’s not guaranteed.
5. Is this a good entry-level home for first-time buyers?
In terms of assessed value, it’s below the citywide average ($256k vs $390k), and the living space is modest but functional. The small lot keeps yard maintenance low, and the street-level ranking for living area is strong. It could be a practical starter home, especially if you’re less concerned with a large yard and want to keep costs down. Just keep in mind that resale may depend on buyers who also value compact lots.