Property Overview
132 Westchester Drive is a well-situated family home in Winnipeg's established Linden Woods neighbourhood. Built in 1990, the 1,806 sqft residence sits on a 5,898 sqft lot. Its most compelling feature is its strong value proposition: while its living space is comfortably above the citywide average, its assessed value ranks in the top 6% citywide, suggesting a potentially favourable tax assessment relative to the home's utility and space. The property last sold in the $700k-$750k range in 2022.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of space, location, and apparent value. It offers above-average living area for Winnipeg overall, within a mature and desirable neighbourhood. The lot, while slightly smaller than others on the street, is still generous by city standards. The data indicates a property that is not the largest on its block but one that holds a strong assessed value position, which could appeal to cost-conscious buyers seeking efficiency without sacrificing neighbourhood prestige.
It would suit buyers looking for a move-in ready family home in a established area, who prioritize more interior space over a maximized yard. It’s also a sensible fit for those attentive to municipal valuation, as its high citywide assessment ranking hints at a property that may offer good value relative to its tax base.
Frequently Asked Questions
1. What does the "Top 6%" citywide ranking for Assessed Value actually mean?
It means this home’s municipal assessed value is higher than 94% of comparable homes across Winnipeg. This often correlates with a higher sale price, but it's important to get a current market evaluation, as assessed value is used for taxation, not solely for setting market price.
2. Is the lot size a disadvantage?
The lot is below average for Linden Woods and Westchester Drive specifically, which may matter if a huge private yard is a priority. However, it remains near the citywide average, so it still provides decent outdoor space, just potentially with less privacy than some neighbours.
3. The home sold in 2022. How useful is that price today?
The 2022 sale price provides a historical benchmark, but the market has likely shifted. It's best used as a reference point for the home's previous value and should be combined with a current comparative market analysis for an accurate present-day valuation.
4. What are the less obvious pros and cons of a 1990-built home?
A pro is that major systems (roof, windows) from that era may have already been updated. A potential con is that the layout and design may reflect 1990s tastes, which could require cosmetic updates. Homes from this period often have solid construction but may need modernization.
5. How does this home compare to others on the same street?
The data shows it has a smaller lot and living area than many direct neighbours on Westchester Drive. However, it ranks very well in assessed value on the street (Top 14%), suggesting it may offer a more efficient or updated package per square foot compared to some larger, potentially older homes on the block.