114 Addison Crescent

114 Addison Crescent – Property Summary

Key Characteristics & Buyer Fit

This is a 1,482 sqft home built in 1963 on a 5,121 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $356,000. The property stands out most for its living space: it ranks in the top 12% on its street and top 29% in the neighbourhood, meaning the interior is notably larger than many nearby homes. The assessed value and year built are both fairly average for the area—nothing unusual there.

The land, however, is on the smaller side for Westwood. It ranks in the bottom 15% on the street and bottom 5% in the neighbourhood. This is the property's main trade-off: you get a roomier house than most in the area, but with less yard space.

The appeal here is for buyers who prioritize interior square footage and don't need a large lot. It would suit someone who wants more living space than the typical Westwood home offers, at a value that's in line with the neighbourhood average. It’s less ideal for buyers who want a big garden, room for an addition, or privacy between houses—those are harder to come by here unless neighbouring lots are undersized as well.

Frequently Asked Questions

1. How does the property compare to others on Addison Crescent?
On its own street, the home ranks well for living area (7th out of 59) but below average for lot size (50th out of 59). Assessed value and year built are both close to the street median. It’s a house that stands out for its interior, not its yard.

2. Is the assessed value fair given the home’s size?
The assessed value of $356,000 is slightly below the street average of $361,000 and notably below the neighbourhood average of $392,100. Given the generous living area, the value looks reasonable—the smaller lot likely pulls the assessment down compared to larger-land homes in Westwood.

3. How old is the property, and has it been updated?
It was built in 1963, which is typical for this street and neighbourhood. The data doesn't indicate whether renovations have been done—any recent updates to systems, windows, or finishes would need to be confirmed in person.

4. Why does the lot size matter so much for this property?
In Westwood, most homes sit on roughly 6,500 sqft lots. This one has about 5,100 sqft, which is noticeably tighter. That means less outdoor space, but also potentially less maintenance and a lower purchase price relative to homes with larger yards. It also limits expansion possibilities.

5. How does this rank city-wide?
Around 1,482 sqft of living area places it in the top third city-wide in Winnipeg, which is solid but not exceptional. The lot size, assessed value, and age all hover around the city median. In short, it’s a bigger-than-average house on a slightly smaller-than-average lot—within the normal range for the city as a whole.