109 Columbus Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1966-built home offers 1,422 square feet of living space on a 5,894-square-foot lot, with an assessed value of $414,000. Across all three comparison levels—street, neighbourhood (Westwood), and citywide (Winnipeg)—the property consistently lands in the top third to top half. Its living area is slightly above average at every scope, while the assessed value sits notably above the neighbourhood average (top 25%) but only around average citywide. The lot size is slightly below the street and neighbourhood averages but still ranks in the top 35% citywide, suggesting a denser-than-typical block with decent outdoor space.
What stands out is the year built: at 1966, it’s older than the street average (1968) but ranks in the top 20% on the street and top 33% in the neighbourhood. This means the home is among the older, more established homes in an area where newer builds are less common. For buyers, that can translate into more mature landscaping, larger rooms, and construction from an era known for solid foundations—though it also means potential updates may be needed.
The appeal lies in a balanced profile: nothing extreme, but consistently above average. It’s a solid, unflashy property that offers good value relative to its peers. This would suit a buyer who wants a home that doesn’t sacrifice space or quality for price, and who is comfortable with a property that is “good across the board” rather than exceptional in one category. It’s a practical choice for a family or first-time buyer looking for a stable, long-term home in a well-established Winnipeg neighbourhood, not a fixer-upper or a showpiece.
Frequently Asked Questions
1. How does the assessed value compare to actual market value in Westwood?
Assessed value is a city estimate for property tax purposes, not a market price. In Winnipeg, assessments often lag behind current market conditions. A top-25% rank in the neighbourhood suggests the home is valued higher than most nearby, but whether that aligns with sale prices depends on recent sales in the area and any unique features not captured by the data. It’s a strong indicator of relative desirability, not a guarantee.
2. Why is the lot size smaller than the street average, yet still in the top 35% citywide?
Lot sizes vary widely across Winnipeg. On Columbus Crescent, the average lot is 6,143 square feet, so this one (5,894 sqft) is slightly below that. But citywide, many homes sit on smaller urban lots—especially in denser neighbourhoods—so a lot near 6,000 square feet still ranks well. It means the street itself has larger-than-average lots, but this home isn’t an outlier.
3. Is a 1966 build likely to have original construction issues?
Generally, homes from the mid-1960s in Winnipeg are built with sound materials (e.g., brick or stucco exteriors, concrete foundations) but may have outdated systems. Common considerations include aluminum wiring (used in some homes of that era), galvanized plumbing, single-pane windows, and asbestos in older floor tiles or insulation. A home inspection is advisable, but many 1966 homes have been updated over the decades.
4. How does this property compare to newer homes in Westwood?
Newer homes in the area (post-1980) may offer modern layouts, open floor plans, and better energy efficiency, but often on smaller lots and at higher prices. This home’s advantage is its lot size and established location. The trade-off is potential renovation needs—older homes may require updating kitchens, bathrooms, or mechanicals to match modern standards.
5. What does “top 20% on the street for year built” mean for resale?
Being older than most homes on the street can be a double-edged sword. On one hand, it may appeal to buyers who value character or a certain architectural style. On the other, it might be seen as dated if not well-maintained. A top-20% rank means there are few newer homes on the street, so this property isn’t competing with shiny new builds—it’s in a consistent older-stock area, which can actually be a selling point for stability and mature neighbourhoods.