8 Coral Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,144-square-foot home built in 1958 on a 6,600-square-foot lot in Windsor Park, Winnipeg. The property ranks well above average within its immediate street and neighbourhood for both assessed value and lot size. On Coral Crescent, it sits at #3 out of 50 homes by assessed value (top 6%), and #4 out of 50 by living area (top 8%). The lot is larger than most in the neighbourhood – ranking in the top 18% locally and top 21% citywide.
The appeal here is nuanced. While the house itself is not unusually large by city standards (it falls around average for Winnipeg), the land component is a standout. For someone who values outdoor space or sees potential for future expansion, the lot provides room that many comparable homes in this price bracket don’t offer. The assessed value is strong relative to neighbours, which suggests the property has held or gained value well in its immediate context.
This home would suit a buyer who prioritises location and land over a modern or oversized interior. It’s a good fit for someone willing to update an older home in a solid, established neighbourhood, or for an investor or flipper who recognises that the lot and street ranking give it above-average resale potential. It’s less suited to someone wanting a move-in-ready, contemporary finish without any work.
Frequently Asked Questions
1. How does the living area compare to other homes in Windsor Park?
It's above average. The neighbourhood average for similar homes is 1,091 square feet, so this property’s 1,144 square feet puts it in the top 24% locally. That said, it’s still slightly below the citywide average of 1,342 square feet, so it’s not a large home by broader Winnipeg standards.
2. Why is the assessed value ranked so high if the house is from 1958?
Assessed value reflects the combination of land value, location, and condition, not just age. This property’s lot is generous and the street itself ranks high for value. The house may also have been well maintained or updated in ways that support its valuation, even if the original build year is older.
3. Is the lot size something special for this area?
Yes. At 6,600 square feet, it’s larger than the neighbourhood average of 6,030 square feet and ranks in the top 18% locally. Citywide, it’s still above average – top 21%. That’s a meaningful difference for anyone wanting a bigger yard or more space between neighbours.
4. What does “around average” for the citywide living area mean in practical terms?
It means this home’s interior space is neither unusually small nor particularly large when compared across all of Winnipeg. It’s a solid, middle-ground size. The real distinction lies in the lot and the property’s relative strength within its own street and neighbourhood.
5. Would this property be a good candidate for a renovation or addition?
Potentially, yes. The larger lot provides more flexibility for an addition or redevelopment than a typical infill property. The high street-level ranking for assessed value also suggests that improvements could be recouped well at resale – but any plans would need to respect zoning rules in Windsor Park, which can vary by block.