72 Crestwood Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,186 sqft home built in 1958 on a 6,297 sqft lot in Windsor Park. Its standout feature is the assessed value of $423,000—ranked #1 on Crestwood Crescent (top 1%) and #127 in the neighbourhood (top 4%). That puts it well above the street average of $347,700 and the neighbourhood average of $354,200. The lot is slightly larger than the neighbourhood median, ranking in the top 28% locally and top 25% citywide. Living space is also above average for both the street (top 11%) and neighbourhood (top 20%), though it sits closer to the citywide average.
What’s less obvious is that this property isn’t new or flashy by construction standards (built in 1958, roughly average for the area). The appeal isn’t a recent reno or a premium location—it’s that the assessed value has pulled ahead of its neighbours despite being a similar age and size. That suggests either a well-maintained or upgraded interior that hasn’t been fully reflected in the basic stats, or a particular desirability that the market has priced in. For buyers, this could mean getting a home that already carries a valuation edge, which may hold up better over time.
Who it suits: Buyers who want a solid, above-average home in a stable older neighbourhood, and who see value in a property that already ranks high for its street and area—not necessarily as a flip, but as a long-term hold. It’s less suited for someone looking for a newer build or a fixer-upper with bargain potential, since the price point reflects its strong relative standing.
Five Possible FAQs
1. How is the assessed value so high compared to other homes on the same street?
The assessment is based on factors like size, condition, and recent sales of comparable properties. A home that’s been well maintained or updated, or that sits on a slightly better lot, can rank much higher even if it’s not the newest. In this case, the value ranks #1 on the street despite the house being built in 1958.
2. Does the lot size matter for resale value in this area?
It can. This lot is above average for both the neighbourhood and city, which may appeal to buyers who want more outdoor space or room for additions. Larger lots in mature areas like Windsor Park often hold their value well, even if the house itself isn’t new.
3. Is this a good investment compared to other homes in the same price range?
The property’s high ranking within its street and neighbourhood suggests it’s already priced at a premium for its immediate area. That could mean less upside for a quick flip, but it may also mean more stability—homes that are already top-ranked in their micro-market tend to be less volatile.
4. How does the age of the home affect its value?
Being built in 1958 isn’t unusual for Windsor Park. The home’s age is around average for the street and neighbourhood, so it’s not a disadvantage in itself. The key is whether the mechanicals, roof, windows, and structure have been kept up—something a home inspection would clarify. A well-kept older home can easily outperform a newer one on the same block.
5. What’s the neighbourhood like for families or professionals?
Windsor Park is a well-established Winnipeg neighbourhood with mature trees, parks, and a mix of postwar bungalows and split-levels. It’s generally quiet, with good access to schools, shopping, and major routes. The property’s above-average lot and living space make it a practical choice for a family, while the strong assessment suggests it’s also respected by local buyers—a sign of a stable area.