8 Evenwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1971-built home with 840 sqft of living space and a 3,097 sqft lot, located in Winnipeg’s Westdale neighbourhood. Its assessed value is $244,000.
Where the appeal lies: The property’s main strength is its year built. At 1971, it ranks in the top 23% on its street and top 41% in the neighbourhood, meaning it’s noticeably newer than many surrounding homes. For a buyer who values a more recent build without paying for a brand-new house, this is a solid footing. The living area (840 sqft) is about average for the street but well below the neighbourhood and city averages—this isn’t a sprawling home, but it’s in line with what’s typical immediately around it. The lot is on the smaller side, which may mean less yard maintenance.
What stands out less obviously: The assessed value is low relative to the street, neighbourhood, and city—ranking in the bottom 15–20% in all three categories. That could reflect a property that hasn’t been updated recently, or it could signal an opportunity for a buyer who’s handy or willing to invest in improvements. It’s worth noting that the street itself has relatively modest homes (average value $265.8k), so this isn’t an outlier in its immediate context.
Suitable buyer types:
- A first-time buyer looking for an entry-level home in a established, likely mature neighbourhood (Westdale)
- Someone who prioritizes newer construction over lot size or square footage
- A buyer with renovation plans who sees the lower assessed value as potential upside
- Someone downsizing who wants a smaller, manageable lot and home without being in a new-build subdivision
Five Possible FAQs
1. How does the living area compare to other homes nearby?
It’s about average for homes on Evenwood Crescent itself (ranked 25th out of 56), but well below the Westdale neighbourhood average (1,029 sqft) and the city average (1,342 sqft). The home is 840 sqft, which is typical for this street but smaller than many homes in the broader area.
2. Why is the assessed value so much lower than the city average?
The citywide average for comparable homes is $390,100, while this property is assessed at $244,000. That gap partly reflects the smaller living area and lot size, but also the fact that Westdale has many larger, pricier homes elsewhere in the neighbourhood. On its own street, the assessed value is below average (ranked 52 out of 56), so it’s one of the more affordable options in the immediate area.
3. Is a 1971 home considered old for Winnipeg?
Not particularly. The citywide median year built is 1966, so 1971 is slightly newer than average. On Evenwood Crescent, it ranks in the top 23%—meaning most homes on the street are older than this one. If you’re looking for a home that isn’t from the 1950s or earlier, this is a reasonable pick for the area.
4. Is the lot size a concern?
At 3,097 sqft, the lot is below average on the street (3,523 sqft), well below the neighbourhood average (5,168 sqft), and much smaller than the citywide average (6,570 sqft). If you want a large yard or space for extensive gardening, this isn’t it. But for someone who prefers less outdoor upkeep or a more compact lot, it could be a benefit.
5. What does the ranking data tell me about the home’s condition?
The rankings are based purely on raw data (square footage, year built, assessed value), not on condition or upgrades. A low assessed value could mean the home needs work, but it could also reflect a dated interior that’s structurally sound. It’s worth comparing the property with others on the neighbourhood map to see if nearby homes with similar values have been updated or not.