166 Westgway Way – Property Summary
Key Characteristics & Buyer Profile
This is a compact single-family home in Westdale, Winnipeg, built in 1971. At 878 square feet, the living area is roughly average for its street but noticeably smaller than the broader neighbourhood and city averages. The property sits on a 2,101 sqft lot—again, typical for the street but well below what’s common in the surrounding area (neighbourhood average is 5,168 sqft). Its assessed value of $194,000 reflects that modest size relative to the local market.
Where this property stands out is its age. It ranks in the top 5% for newer construction on Westgway Way, meaning it’s among the more recently built homes on the street—a subtle but meaningful advantage in an older area. That said, the neighbourhood overall skews older, and citywide it lands right around the median build year.
The appeal here is less about square footage or land and more about accessibility and price point. For buyers priced out of the larger, higher-value homes in Westdale, this offers a foothold in the neighbourhood. It would suit someone looking for a manageable entry-level home—possibly a first-time buyer, a downsizer, or an investor focused on location rather than space. The trade-off is clear: you get the street and area, but with a smaller footprint and lot than most neighbours.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
It’s about average for homes directly on Westgway Way, but smaller than most in Westdale overall. The neighbourhood average living area is 1,029 sqft, and the city average is 1,342 sqft—roughly 50% larger.
2. Is the assessed value a good deal or a warning sign?
The assessed value is below the street average ($230.8k) and well below the neighbourhood average ($307.4k). That’s consistent with the smaller living area and lot. It’s not a red flag, but it does mean the property is priced for someone who values location over interior space.
3. Why does the year built matter here?
On this street, being built in 1971 puts it in the top 5% for newer homes. That’s notable because most homes on Westgway Way are also from 1971 or earlier—so this one isn’t unusually old, but it isn’t a standout either. The real takeaway is that you’re not buying a much older home than the street norm.
4. How does land size affect livability or resale?
The 2,101 sqft lot is standard for the street but tiny by neighbourhood standards. This limits outdoor space and may feel tight if you’re used to a larger yard. For resale, it also narrows the buyer pool to those who prioritize location over land—which is a smaller group.
5. Would this property work as a rental or investment?
Possibly, given the below-average purchase price and a desirable neighbourhood. However, the small living area and lot may cap appreciation compared to larger neighbouring properties. The return would likely rely more on steady rental income than long-term value growth.