18 Peary Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,508 sqft home built in 1963, set on a 6,701 sqft lot in the Westwood neighbourhood of Winnipeg. Its strongest feature is the lot size—it ranks in the top 20% citywide, meaning the land is proportionally larger than most comparable homes in the city. The living area is also above average both within Westwood (top 27%) and across Winnipeg (top 30%), so the interior is spacious without being oversized. The assessed value sits around the middle of the pack locally and citywide, which suggests the price is aligned with the neighbourhood norm rather than inflated by recent upgrades or a premium location.
The appeal here is practical rather than flashy. For someone who values outdoor space and room to spread out indoors, this home offers a solid balance: a bigger-than-average lot in an area where land is already decent-sized, and a floor plan that’s generous without feeling excessive. The year built (1963) is older than many homes on the street but typical for the neighbourhood, so it’s not a fixer-upper by Westwood standards, but a buyer should expect a home with original character and likely some ongoing maintenance.
This property would suit buyers who are comfortable with a home that’s solid and well-proportioned rather than newly renovated—someone looking for a family home with a good yard, or a buyer who values land as an asset and is willing to invest in updates over time. It’s less suited for someone seeking turnkey condition or a home that stands out for its assessed value, as that number is essentially average across the board.
Five Possible FAQs
1. How does the lot size compare to other homes in Westwood?
It’s above average. The lot ranks in the top 24% of comparable homes in the neighbourhood, which means more yard space than many nearby properties. It’s not the largest on the street, but it’s a strong feature relative to the area.
2. Is the assessed value a good indicator of market price?
The assessed value ($395k) is slightly below the street average and a bit above the neighbourhood and city averages. It sits in the middle tier—not undervalued, not overpriced. Assessed values don’t always reflect current market conditions, but they suggest this home is priced in line with its peers.
3. What’s the typical condition of a home built in 1963?
Homes from that era often have solid construction but original systems (plumbing, electrical, roof) that may need attention. The home ranks among the older ones on the street (top 15%), so it’s likely one of the originals rather than a later infill. A thorough inspection would be wise, focusing on foundation, windows, and mechanicals.
4. How does this property compare to other homes on Peary Crescent?
On this street, the living area and lot size are roughly average, and the assessed value is a bit lower than the street average. The main standout is the older build year—only two other homes on the street are older. So it’s a typical lot and floor plan for the block, but with a more established vintage.
5. Is Westwood generally a good area for families?
The neighbourhood data shows above-average living area and lot sizes compared to the rest of Winnipeg, which often appeals to families looking for space. The assessed values are moderate, so it’s not an area with extreme price pressure. That said, “good” depends on schools, commute, and personal preference—the stats just confirm it’s a middle-to-upper-tier area for space and value.