86 Harwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a compact single-family home in Westdale, Winnipeg, built in 1974. The property’s standout feature is its year of construction: it’s the newest home on its street and ranks in the top 9% of homes in the neighbourhood by age. For buyers who prioritize a newer build—one that likely requires fewer immediate structural upgrades than older stock—this is a rare find on Harwood Crescent.
The home’s living area is 750 square feet, which is below average for its street, neighbourhood, and city. The lot is similarly modest at 3,197 square feet, ranking below average in all three scopes. The assessed value of $274,000 sits around the street average but well below the citywide average for comparable homes.
Where its appeal lies: The value here is in the trade-off. You get a newer home in an established neighbourhood (Westdale) without paying a premium for a large lot or expansive square footage. The assessed value is restrained relative to the city, which may appeal to buyers looking for lower property taxes or a more accessible entry point into a desirable area.
Who it suits: First-time buyers or downsizers who value a move-in-ready age over elbow room. Also those who want the cachet of a newer build on a street where most homes are older, without the cost of a full renovation. Less suited to families needing more interior space or a large yard.
FAQs
1. The living area is below average. Is the home uncomfortably small?
It depends on your expectations. At 750 sqft, it’s a compact single-storey footprint—typical of a two-bedroom bungalow or a small three-bedroom. It works well for a couple or a single person, but could feel tight for a family of four unless the layout is unusually efficient. Seeing the floor plan in person is recommended.
2. Why is the assessed value relatively low for a newer home?
Assessed value reflects market comparables, not just age. The home’s smaller living area and lot size bring its value closer to older homes in the area, rather than to newer, larger houses elsewhere in the city. This isn’t a red flag—it means the property tax base is moderate.
3. How does being the newest house on the street affect resale?
It can be an advantage. Older neighbourhoods often have a mix of homes in various conditions, and a well-maintained newer build tends to attract buyers who want to avoid immediate renovation costs. However, the small lot and square footage may limit appreciation compared to larger homes on the same street.
4. What’s the condition of the home like beyond the year built?
This data only covers year built, not renovations. A 1974 home could have original finishes or have been updated. Since it ranks #1 for age on the street, it likely hasn’t undergone major structural overhauls, but plumbing, electrical, and roofing could be original and in need of attention. A home inspection is essential.
5. How does the lot size affect daily life?
At 3,197 sqft, the lot is smaller than typical. If you want a large vegetable garden, room for a workshop, or space for kids to play soccer, this site will feel tight. It’s better suited for low-maintenance landscaping, a small patio, or a single-car garage. Street parking or proximity to parks becomes more important.