161 Crestwood Crescent

161 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1,120 sqft home, built in 1965, sits on a 5,611 sqft lot in Windsor Park. Its strongest feature is the build year: it’s one of the newer homes on Crestwood Crescent (top 3%) and within the neighbourhood (top 10%), while the living area is also notably above average for both the street and the area. The assessed value of $352,000 sits around the middle of the pack locally, and the lot size is smaller than typical for the street.

The appeal here is less about bragging rights and more about practical trade-offs. You get a relatively modern build for the street in a well-established neighbourhood, without paying a premium for a large lot you might not need. The living space is generous compared to nearby homes, which suggests good interior flow or a well-thought-out layout for its era. It would suit a buyer who values a solid, recent-construction shell over a large yard—someone who sees lawn maintenance as a task to minimize, not a feature to maximize. It’s also a good fit for first-time buyers or downsizers who want a move-in-ready home in a stable area, without stretching for top-tier square footage or land.

FAQs

1. How does the lot size compare to others in the area?
The lot (5,611 sqft) is below average for Crestwood Crescent (ranked 127 out of 149) and slightly below the Windsor Park average. It’s a compact city lot, which typically means less yard work but also less outdoor space. If you’re used to a larger yard, this will feel snug.

2. Is the assessed value a good indicator of market price?
Not directly. The assessed value ($352,000) is near the street and neighbourhood averages, but local market conditions, recent upgrades, and buyer demand will drive the actual sale price. It’s a useful baseline, not a final number.

3. Why is the build year highlighted as ‘elite’ on the street?
Most homes on Crestwood Crescent were built in the late 1950s or early 1960s. This one dates to 1965, placing it in the top 3% for newer construction on the street. That often means better insulation, wiring, or foundation standards than older stock, though it’s not a new build.

4. What are the downsides of the smaller lot?
Less privacy from neighbours, especially in a detached-home setting where side yards are narrow. You may also have limited room for additions, a large garden, or a detached garage. Parking and storage could be tighter than average.

5. How does this home compare to citywide averages for similar properties?
Citywide, this home is around average across all metrics. Its living area (1,120 sqft) is below the city average of 1,342 sqft for comparable homes, and the assessed value is also below the $390,100 citywide figure. It’s a solid, middle-of-the-pack home within Winnipeg’s broader market.