2 Coral Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1958-built home on Coral Crescent in Windsor Park, Winnipeg. Its standout feature is the lot: at 7,349 sq ft, it ranks in the top 10% on the street and top 9% in the neighbourhood. That’s noticeably more land than the average nearby property.
The living space is 1,040 sq ft — slightly below the citywide average but very close to the average for both the street and the neighbourhood. It’s a functional, modest footprint, not oversized. The assessed value is $345,000, which sits below the street average ($370,000) and city average ($390,000), but is close to the neighbourhood average ($354,000). This suggests the price reflects the home itself, not just the land.
The appeal here is straightforward: you’re buying a large lot in a well-established, mid-century neighbourhood. The house is not the main draw — it’s a solid post-war build, not updated or flashy. The value is in the land, the potential for expansion or redevelopment, and the location. It suits buyers who are comfortable with a smaller, older home and see long-term potential in the property. First-time buyers looking for an affordable entry into a decent area, or investors or renovators eyeing a lot with good bones, would find this relevant. It’s less suited for someone wanting a move-in-ready, larger home.
Frequently Asked Questions
1. Is the house in good condition for its age?
The data doesn’t include condition details or any inspection history. A 1958 home will have typical mid-century characteristics: likely original or updated mechanicals, possibly older windows and insulation. A pre-purchase inspection is strongly recommended.
2. Why is the assessed value lower than the neighbourhood average?
The home’s living area is slightly below the neighbourhood average, and its construction year is also a bit older than the local median. The lower assessment reflects those factors. The land itself is larger than average, which adds value, but the assessment appears to weigh the building characteristics more heavily in this case.
3. Is this a good investment property?
The large lot and below-average assessed value suggest potential for appreciation or redevelopment over time. However, rental income potential depends on the interior condition and finishes, which aren’t detailed here. It may suit a long-term hold or a lot-value play more than immediate high-yield rental returns.
4. How does the neighbourhood compare to other Winnipeg areas?
Windsor Park is a stable, mid-century residential area with a mix of single-family homes and some newer infills. It’s generally considered affordable relative to more central or newer suburban areas. The data shows this property’s lot size is exceptionally large even by neighbourhood standards, so it stands out locally.
5. What should I consider if I want to renovate or expand?
The large lot offers room for an addition, garage, or even a secondary dwelling, depending on zoning and permits. The existing living area is modest, so any expansion would significantly increase the home’s footprint and value. Check with the City of Winnipeg for current zoning rules and setback requirements.