Key Characteristics & Ideal Buyer Profile
This 1,360 sqft home at 223 Whitegates Crescent, built in 1967, sits on a 5,249 sqft lot. Its standout feature is the assessed value. At $436,000, it ranks in the top 6% on its street and the top 19% in the Westwood neighborhood, significantly above local averages of $377,400 and $392,100 respectively. This suggests the property has been well-maintained or upgraded relative to its immediate neighbours.
The living area is also above average for the street (ranked top 30%), which is a practical advantage. However, the lot size is notably smaller than typical for the area—ranking in the bottom 23% on the street and bottom 17% in the neighbourhood. The home is slightly newer than average for the street and area (built 1967 vs. 1966), but this is a minor difference.
The appeal lies in a property that offers more finished interior space and a higher assessed value than most comparable homes nearby—but with less outdoor land. This trade-off would suit buyers who prioritize a move-in-ready interior, a stronger asset for equity, and lower yard maintenance over a spacious garden or future expansion potential. It is less ideal for someone seeking a large lot, privacy from neighbours, or a project requiring outdoor space. First-time buyers, downsizers, or those focused on value retention rather than land acquisition would find this property most aligned with their needs.
Five Possible FAQs
1. How does the assessed value compare to the actual market price?
The assessed value ($436,000) is a municipal estimation based on comparable sales and property condition. It is not the list price. A high ranking (top 6% on the street) suggests the home is considered above-average in value by the city, but the asking price could be higher or lower. You should compare it to recent sale prices in Westwood, not just assessments, to gauge market reality.
2. Is a smaller lot a disadvantage for resale?
In this specific case, the lot is smaller than the neighbourhood average (5,249 sqft vs. 6,491 sqft). While a larger lot typically offers more flexibility, a smaller lot can appeal to buyers wanting less upkeep. The strong assessed value compared to neighbours indicates the market has not heavily penalized this property for its lot size, likely because the interior compensates. Still, future buyers seeking a large yard may be limited.
3. The home was built in 1967. Does that ranking matter?
The construction year is slightly above average for the street (top 21%) and neighbourhood (top 26%), meaning it's a bit newer than many nearby homes. This can be a minor advantage in terms of perceived modernness, but it's marginal. A 1960s home will still have typical considerations like older wiring, plumbing, or insulation. The year ranking is a relative measure, not a guarantee of condition.
4. Why is the living area above average on the street but only average citywide?
The street-level ranking (top 30%) means this home is larger than most comparable homes on Whitegates Crescent, where the average is 1,318 sqft. However, citywide, it sits near the median (top 38%) because many homes across Winnipeg are of similar size. It’s a standard size for the city but generous for its immediate street.
5. What does "neighbourhood analysis map" show that the summary doesn't?
The summary provides rankings and averages. The map shows exact locations of nearby homes and allows you to compare their specific year built, living area, assessed value, and lot size directly. This helps you see if your property is an outlier or part of a consistent cluster, and whether higher-valued homes are concentrated on one side of the street or in a specific block.