74 Eglinton Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,207 sqft home built in 1987 on a 5,205 sqft lot, located in the Whyte Ridge area of Winnipeg. Its most striking feature is the year built. At 1987, it ranks in the top 5% oldest homes on its street and top 25% city-wide, giving it solid construction from a period when quality was often higher than in later infill builds. The assessed value at $441k is well below both the street and neighborhood averages—ranked in the bottom 3% in both scopes—yet it sits 30% above the city-wide average, which suggests the street and surrounding area carry a premium that this property doesn't fully reflect.
The appeal here is value in a desirable area. You get an older, well-established home on a lot that is small by street standards but still average for the city, at a price that undercuts similar homes on the same block. It's not a standout in living space or land size, but the combination of a top-tier street location and below-market assessed value points to potential equity growth or renovation upside.
This property would suit buyers who want to get into a strong neighborhood without paying top dollar—perhaps first-time buyers, investors looking for a value-add opportunity, or those willing to update an older home over time rather than buying something move-in ready. It's less suited for someone seeking maximum square footage or a large yard, as both are below average for the area.
Five Possible FAQs
1. Why is the assessed value so low compared to other homes on this street?
The $441k assessment ranks the property #36 out of 37 homes on Eglinton Crescent. This likely points to differences in size, condition, or recent updates. The home's living area and land area are both on the small side for the street, and it may not have had major renovations that neighbours have undertaken. The assessed value is a reflection of these factors, not necessarily a judgment of the home's potential.
2. How does this home compare to typical Whyte Ridge properties?
In nearly every metric—living area, land size, and assessed value—this home falls below the Whyte Ridge averages. The only exception is the year built; at 1987, the home is older than the neighborhood average of 1994, placing it in the bottom 17% of the area. So it's a smaller, older, and more affordable home within a neighborhood that generally has newer and larger properties.
3. Is a 1,207 sqft home considered small for this area?
Yes, it's well below the neighborhood average of 1,666 sqft and ranks in the bottom 7% of Whyte Ridge homes. That said, it's still close to the city-wide average of 1,342 sqft, so it's not unusually small for Winnipeg as a whole. Buyers coming from other parts of the city may not find it cramped; locals in Whyte Ridge might notice the difference.
4. Could the land size be a limitation for future expansion or landscaping?
At 5,205 sqft, the lot is below the street average of 5,905 sqft and the neighborhood average of 6,175 sqft. It's a modest lot for the area. If you're considering adding a garage, a large deck, or a significant extension, you'd want to verify setback rules and check whether the lot dimensions permit that comfortably. It's workable for standard improvements, but not generous.
5. What does "Top 5%" for year built actually mean?
It means this home is one of the 5% oldest houses on Eglinton Crescent. That might sound counterintuitive if you're used to "top" meaning best, but here it simply indicates that the home is among the earliest built on the street. For some buyers, that's a plus—older homes from the late 80s can have better craftsmanship and more established landscaping than newer builds. For others, it might mean more maintenance or outdated systems.