22 Coral Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1,087 sq ft single-family home sits on a 6,049 sq ft lot in Winnipeg’s Windsor Park neighbourhood. Built in 1958, the property is valued at $336,000. Compared to other homes on Coral Crescent, the lot is notably smaller (ranked 46 out of 50), and the assessed value falls below the street average. However, when measured against citywide data, the lot size ranks in the top 30%—a reminder that street-level comparisons can feel tighter than broader market averages. The living area is around average both on the street and in the neighbourhood, while the home’s age aligns closely with surrounding homes in Windsor Park, which tend to be slightly older than the city median.
The appeal here lies in the lot relative to the city at large, not the street. For buyers who value outdoor space over a prime street ranking, the property offers a generous citywide lot percentile without the premium attached to larger parcels on Coral Crescent. The below-average assessed value on the street could also mean less competition in a price range where nearby homes command more. This property would suit a buyer looking for a solid mid-century fixer-upper or renovation project in a stable, established neighbourhood, particularly someone less concerned with curb appeal comparisons on the immediate block and more focused on overall city value.
Five Possible FAQs
1. Why is the assessed value below average on the street but not citywide?
The street has several higher-valued homes that pull the average up. On Coral Crescent, this property ranks in the bottom 10% for value. Citywide, it sits near the middle (top 59%), meaning it’s priced similarly to many comparable homes across Winnipeg. The difference is mostly about the specific mix of neighbours, not the home’s condition or size.
2. Is the lot size actually small or large?
It depends on the frame of reference. On Coral Crescent, it’s one of the smallest lots. In Windsor Park, it’s roughly average. Across Winnipeg, it’s above average (top 30%). So if you’re comparing only to houses on the same street, yes—it’s small. If you’re looking for a city lot that beats most others, it’s decently sized.
3. How does the year built affect the property’s condition or potential?
The home was built in 1958, which is typical for this part of Windsor Park. Many homes in the area were built around the same time, so the infrastructure—like plumbing, electrical, and foundation—may be similar vintage. A 1958 build often means solid construction but likely needs updates for modern efficiency. It’s not unusually old for the city, but it predates the citywide average (1966) by eight years.
4. What does “Top 30%” for citywide lot size actually mean in practice?
It means this property has a larger lot than roughly 70% of comparable homes across Winnipeg. In practical terms, that could translate to more yard space, garden potential, or room for a garage addition than many city properties offer—especially newer subdivisions where lots are often smaller.
5. Is this a good investment in Windsor Park?
Windsor Park is a well-established neighbourhood with stable values, but this property’s low street ranking for assessed value suggests it may be undervalued relative to immediate neighbours. That could mean upside if renovated or if the street’s values rise. However, the smaller lot on the street may limit resale appeal to buyers who prioritize street-level comparables. The citywide lot size advantage helps, but the local context matters more for resale.