48 Crestwood Crescent

48 Crestwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1959-built single-family home on an above-average lot in Windsor Park. The property has 1,037 square feet of living space—close to the street and neighbourhood averages, and slightly below the city median. Where it stands out is the land: at 6,897 square feet, it ranks in the top 15% on its street, top 14% in the community, and top 18% citywide. The assessed value ($385,000) is well above the local average for both the street and the neighbourhood, reflecting the lot premium more than the house itself.

The appeal here isn’t a turnkey interior or modern finishes—it’s the combination of a solid, unremarkable post-war home and a noticeably generous piece of land in an established area. That makes it a natural fit for buyers who plan to renovate, add square footage, or eventually redevelop. It would also suit someone looking for a stable, modestly priced entry into a neighbourhood with decent citywide rankings (42nd percentile in value) and a layout that hasn’t been over-improved for its lot. This isn’t a house for someone seeking a move-in-ready gem; it’s for someone who sees the land as the primary asset and the house as a starting point.

Frequently Asked Questions

1. How does the living space compare to other homes in Windsor Park?
It’s very close to the neighbourhood average of about 1,091 square feet. The property ranks in the 62nd percentile locally, meaning it’s slightly smaller than a typical home in the area but not significantly out of step.

2. Why is the assessed value higher than the street average if the house isn’t large or new?
The assessed value reflects the land more heavily than the structure. With a lot size in the top 15% on the street and above average in the neighbourhood and city, the land contributes disproportionately to the valuation compared to the 1,037-square-foot house built in 1959.

3. Is this property suitable for a full renovation or an addition?
Potentially. The lot is generous relative to the house footprint, which often allows room for additions or reconfiguration. Buyers should verify local zoning, setback requirements, and any development restrictions with the city before committing to a specific project.

4. How old is the house, and does that pose any common issues?
Built in 1959, the house is typical of its era. Buyers should expect age-related considerations—original mechanical systems, insulation levels, and potential foundation or roof conditions that may require updates. A pre-purchase inspection is advisable to identify any deferred maintenance.

5. How does this home compare to others in the wider Winnipeg market?
Citywide, the living space sits in the 70th percentile (smaller than average), while the land ranks in the 18th percentile (larger than average). The assessed value is close to the city median, which suggests the property is priced in line with its combination of modest house and above-average lot.