338 Whitegates Crescent – Property Summary
Key Characteristics and Buyer Profile
This is a 1,220 sqft home built in 1963 on a 5,630 sqft lot in Winnipeg’s Westwood neighbourhood. The property sits squarely in the middle of the pack for most metrics. Its living area is around average compared to similar homes on the same street and citywide, and its lot size, while slightly smaller than the neighborhood average, ranks better at the city level (top 40%). The assessed value of $356,000 is below the street and neighborhood averages, which could indicate either a more modest finish level or a property that hasn’t kept pace with rising values nearby.
Its real appeal lies in the combination of a reasonably sized lot and a living area that aligns with typical expectations for the area—neither cramped nor sprawling. This is not a standout in any single category, which makes it a practical, no-surprises choice. The fact that the build year (1963) is older than the street average means buyers should expect some maintenance history, but also that the home has likely been through several market cycles and may have established landscaping and mature trees.
This property would best suit a buyer who values consistency over flash. It fits someone looking for a functional home in an established neighborhood, perhaps a first-time buyer or a small family, who doesn’t need the largest house on the block but wants decent space and a yard. It could also appeal to someone looking for a property with room to add value over time, given its below-average assessment relative to the area.
Five Possible FAQs
1. How does the property compare to others in Westwood?
The home is around average for living area and lot size in the neighborhood, but its assessed value is below the neighborhood average of $392,100. Its build year (1963) is slightly older than the neighborhood average of 1966. Overall, it sits in the middle tier of Westwood homes.
2. Is the assessed value of $356,000 a sign of problems?
Not necessarily. A below-average assessment on the street (ranked 73rd out of 102) could reflect a home that is more modest in finishes or hasn’t been recently renovated, rather than any major defect. It could also mean the property is relatively undervalued compared to its neighbors, which may be worth investigating further.
3. What’s the lot like, and is it a good size?
At 5,630 sqft, the lot is slightly smaller than the street average (5,903 sqft) and the neighborhood average (6,491 sqft). However, it ranks in the top 40% citywide, meaning it’s still a solid-sized lot by broader Winnipeg standards. It’s likely a manageable yard without being oversized.
4. How old is the home, and what does that mean for maintenance?
Built in 1963, it’s older than about 84% of homes on its street. A home this age likely has had updates to major systems (roof, HVAC, windows, plumbing) at some point, but buyers should ask for a timeline of renovations. The structure itself is probably sound, but expect higher utility costs and potential for older materials (like knob-and-tube wiring or asbestos) unless already addressed.
5. What would make this property a good investment?
Because the assessed value is below neighborhood and street averages, there may be room for appreciation if the home is updated strategically. The lot is modest but decent, and the living area is typical for the area—so the property isn’t an outlier that would struggle to resell. It’s a stable, middle-of-the-road asset rather than a high-risk flip.