107 Westgrove Way – Property Summary
Key Characteristics, Appeal & Suitable Buyers
This is a compact, older home with a modest footprint in both living area and land. At 878 square feet, it’s slightly below average for its street but considerably smaller than most homes in the Westdale neighborhood and across Winnipeg. The assessed value of $185,000 reflects this, ranking near the bottom locally and citywide.
Where the property stands out is its build year. Constructed in 1971, it’s among the older homes on Westgrove Way—placing in the top 5% for age on the street. That may appeal to buyers who prefer a home from a specific era, one that has likely settled structurally and may offer simpler, more traditional construction than newer builds. The land is notably compact at 1,532 square feet, ranking near the bottom of almost every comparison group.
This home would suit a buyer looking for an entry-level price point in a desirable area like Westdale, or someone willing to invest in a smaller property to live in a neighborhood where larger, more expensive homes dominate. It’s less suited for those wanting generous indoor or outdoor space, or for buyers focused on resale value maximization through lot size.
Five Possible FAQs
1. How does the small lot size affect what I can do with the property?
With only 1,532 square feet of land, options for additions, garages, or significant landscaping are limited. You’d likely be working within the existing footprint. Check local zoning for setbacks and lot coverage rules, but don’t expect room for a large backyard or major expansion without variance.
2. Is the assessed value of $185,000 below market value for the street?
Yes, it’s ranked #91 out of 110 homes on Westgrove Way, with the street average around $230,800. This suggests the home is priced well below many of its neighbors, largely due to its smaller size and land area—not necessarily because it’s in poor condition.
3. Would a home built in 1971 likely need major updates?
It depends on what’s been done already. Many 1971 homes still have original mechanicals, windows, or roofing. That said, homes of this vintage often have solid foundations and simpler systems. A thorough inspection is wise, especially for plumbing, electrical, and insulation standards from that era.
4. How does this property compare to other starter homes in Westdale?
It’s smaller than most. Westdale’s average living area is over 1,000 square feet, and lots average over 5,000 square feet. This home offers an affordable entry into the area, but you’re trading space for location. If a low price is your main concern, this may be one of the more accessible options.
5. Why is there such a gap between this home’s assessed value and the neighborhood average?
The difference comes down to size. The home is roughly 150 square feet smaller than the neighborhood average living area, and the lot is about 3,600 square feet smaller. Assessed value is heavily tied to square footage and land, so the gap simply reflects the property’s modest dimensions compared to its surroundings.