45 Craddock Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 900 sqft home built in 2010 on a 6,574 sqft lot, with an assessed value of $377,000. It sits on Craddock Avenue in the Worthington neighbourhood of Winnipeg.
The home’s main draw is its age. Built in 2010, it ranks in the top 3% of homes in Worthington for newness, and in the top 11% city-wide. For buyers looking to avoid the maintenance and layout quirks of an older home, that’s a significant advantage. The land area is also a practical plus: 6,574 sqft puts it in the top 22% city-wide, meaning more outdoor space than most comparable Winnipeg homes offer.
The assessed value is above average for the neighbourhood (top 19%), but roughly average for the city. This suggests the premium is tied to the newer construction and lot size, rather than interior square footage—which is actually below the neighbourhood and city averages. So you’re paying for quality and land, not excess space.
This property would suit buyers who want a relatively new, low-maintenance home on a decent-sized lot in a well-established neighbourhood. It’s not ideal for someone seeking a large interior footprint or a fixer-upper price point. The value proposition is strongest for those who prioritize a modern build and yard space over square footage, and who are comfortable with a price that sits above the local average.
Five Possible FAQs
1. The living area is 900 sqft. Is that considered small for this area?
Yes, it’s below the Worthington neighbourhood average of 1,082 sqft and well below the city-wide average of 1,342 sqft. However, the home is newer than most, and the floor plan may be more efficient than older layouts. If you’re used to compact, modern spaces, this won’t feel cramped—but it’s a deliberate trade-off.
2. Why is the assessed value high compared to other homes in Worthington?
The assessed value is above average for the neighbourhood because the home is much newer (2010 vs. an average of 1962) and sits on a lot that’s roughly typical for the area but larger than many city-wide. The value reflects these factors more than the interior square footage.
3. How does the land size compare to other properties?
At 6,574 sqft, the lot is slightly larger than the street average (5,772 sqft) and right at the city-wide average (6,570 sqft). Within Worthington, it’s around average. So you’re getting a decent yard without paying for an oversized property.
4. Is the neighbourhood considered up-and-coming or established?
Worthington is an established area. The median home age in the neighbourhood is 1962 (nearly 60 years old), and this home stands out as being much newer. There’s no data here suggesting rapid change, but a well-maintained newer home in an older area can offer a stable, settled setting.
5. How reliable are these rankings and what does “Top 19%” really mean?
These rankings compare this property to similar homes within the neighbourhood and city, using median benchmarks. “Top 19%” means it ranks higher than 81% of comparable homes in that category (assessed value, in this case). It’s a useful snapshot, but it’s based on assessment data—not recent sales. Always consult a real estate agent for market value and condition.