37 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 974 sqft home built in 1959 on a notably large lot of 7,809 sqft. The land size is the standout feature here: it ranks in the top 8% on the street, top 6% in the Windsor Park neighbourhood, and top 12% citywide. The house itself is modest in size—slightly below the neighbourhood and city averages for living area—but the assessed value of $354,000 holds close to the local median, suggesting the land is carrying much of the property's worth.

The appeal lies in the contrast: a smaller, older home with generous outdoor space in an established neighbourhood. This isn't a move-in-ready showpiece; it's a property with potential. For a buyer who values yard space, gardening, or the possibility of future expansion or redevelopment, the lot is the asset. The home's age (mid-century) means systems and finishes may need updating, but the bones are likely solid—common for this era in Winnipeg. The street-level value ranking (top 36%) indicates the property is priced fairly relative to its immediate neighbours.

This would suit a buyer who is handy or willing to invest in renovations, someone looking for a larger lot in a mature neighbourhood without paying a premium for a finished home. It could also appeal to an investor eyeing long-term land value in Windsor Park, a stable, middle-aged area of the city. It is less suited to someone seeking a modern, turnkey home with no projects.

Five Possible FAQs

1. How does the living area compare to other homes nearby?
The home is 974 sqft, which is about average for Crestwood Crescent specifically (ranked 66th percentile). But it is below the Windsor Park neighbourhood average of 1,091 sqft and well below the citywide average of 1,342 sqft. So, locally it fits in; citywide, it's on the smaller side.

2. Why is the assessed value relatively stable despite the smaller house size?
Much of the value is tied to the land. The lot is 7,809 sqft, well above both the street average (6,291 sqft) and the neighbourhood average (6,030 sqft). In older neighbourhoods like Windsor Park, larger lots command a premium because they are scarce. The house itself is modest, but the land keeps the overall assessment in line with the area.

3. What major updates should I expect given the 1959 build year?
Homes of this vintage typically have original or older mechanicals—furnace, electrical panel, plumbing—and possibly single-pane windows or outdated insulation. The roof and foundation would need a professional inspection. The year-built rank (top 31% on the street, top 55% citywide) suggests it's not unusually old for the area, but it's not renovated either. Budget for system replacements within the first few years.

4. How does the Windsor Park neighbourhood compare to other Winnipeg areas?
Windsor Park is a well-established, predominantly residential area developed in the post-war boom. It's known for mature trees, generous lot sizes, and good access to parks and the Red River. The housing stock is largely bungalows and split-levels from the 1950s and 60s. It's not a trendy or fast-appreciating area, but it offers stability, decent schools, and reasonable affordability relative to more central or newer suburbs.

5. Is this property a good candidate for redevelopment or a duplex?
The lot size of 7,809 sqft exceeds many standard Winnipeg residential lots, but whether it can be subdivided or redeveloped depends on current zoning and city bylaws. Windsor Park is primarily zoned for single-family detached homes. It's worth checking with the city's planning department—some larger lots in the area have been split in the past, but approvals are not guaranteed. The property's value is already reflecting the land premium, so don't assume rezoning is automatic.