15 Columbus Crescent – Property Summary
Key Characteristics and Buyer Profile
This is a 1,259 sqft single-family home built in 1964, sitting on a 5,668 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $396,000.
The property’s appeal is subtle rather than flashy. It lands around the middle of the pack across most metrics—living area, assessed value, and age all rank roughly average compared to similar homes on the street, in the neighbourhood, and citywide. The one clear exception is the lot: at 5,668 sqft, it falls below average for the street (which is 6,143 sqft) and well below the neighbourhood average of 6,491 sqft. For buyers who prioritize yard space, this is a meaningful trade-off.
Where this home stands out is value. The assessed price sits slightly below the street and neighbourhood averages ($399.8k and $392.1k respectively), and ranks in the top 39% citywide—meaning you’re getting a home priced competitively against a broad pool of comparables. The living area is modest but still in the top half citywide, so the square-footage-to-price ratio is reasonable.
This property would suit a buyer looking for an entry-level or mid-range home in a established central neighbourhood, who is comfortable with a typical 1960s layout and doesn’t need a large lot. It’s less ideal for someone wanting a newer build, a standout yard, or above-average interior space relative to neighbours. First-time buyers, small families, or investors looking for a solid “average” asset in a resale-stable area would find it worth a closer look.
Frequently Asked Questions
1. How does this home compare to similar properties nearby?
On the street level, it’s around average for living area, assessed value, and age, but below average for land area. In the Westwood neighbourhood, it remains average across the board except for lot size, where it ranks in the bottom 37%. Citywide, it’s in the top 39–45% for value and living area, meaning it performs slightly better relative to the broader market than it does against immediate neighbours.
2. Is the assessed value a reliable guide to market price?
Assessed value is a public estimate used for property tax calculations, not a guaranteed sale price. However, because the home ranks near the median for its street and neighbourhood, and the citywide spread is narrow, the assessed figure likely falls within a realistic negotiation range. Local market conditions, condition of the home, and recent sales would give a clearer picture.
3. What should I know about a home built in 1964?
Homes from this era often have solid construction but may need updates to electrical, plumbing, insulation, or roofing. The age ranks slightly older than the neighbourhood average (1966) but newer than about half the city’s comparables. Expect maintenance typical of a 60-year-old home—nothing unusual, but worth budgeting for.
4. Why is the lot size smaller than average, and does it matter?
The 5,668 sqft lot is below the street average by about 8%, and below the neighbourhood average by about 13%. For most buyers, this means less outdoor space for gardening, play areas, or expansion. However, it also usually means less mowing and lower upkeep. In a neighbourhood like Westwood, where larger lots are common, this could affect resale appeal for certain buyers, but it also keeps the entry price more accessible.
5. Who would this home not suit?
Buyers seeking a large yard, a recently renovated interior, or a property that ranks well above average in any single category may find this home underwhelming. It’s a “solid middle” property—reliable, not remarkable. If you want something that clearly outperforms its neighbours, this likely isn’t it.