174 Hammond Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1967 home with 800 square feet of living space and a 5,499 sqft lot, located in Winnipeg’s Westdale neighbourhood. The assessed value is $352,000.
What stands out here is the clear gap between the home itself and the land it sits on. The living area is small—well below average for the street, the neighbourhood, and the city as a whole. Yet the assessed value is above average compared to other homes on the same street and in the area. That tells you the value is tied to the location and the lot, not the size of the house. The lot size itself is about average for Westdale but smaller than typical for the street.
The property is an older home in a neighbourhood where many houses were built in the early 1970s. A buyer here would need to be comfortable with a smaller floor plan and likely prepared for updates or renovations. The appeal lies in getting into a decent Westdale location at a price point that reflects the smaller footprint. This is not a home for someone who needs space or a move-in-ready modern layout. It suits buyers who prioritize location over square footage—perhaps a first-time buyer, a downsizer, or someone looking for a renovation project with good bones in a solid area.
Five Possible FAQs
1. Why is the assessed value higher than average when the house is small?
Assessed value reflects more than just living area. In this case, the land and location in Westdale are driving the value upward compared to other homes on the street and in the neighbourhood, even though the house itself is on the smaller side.
2. How does the lot size compare to other properties nearby?
The lot is 5,499 sqft. That’s smaller than the average on Hammond Road (around 6,075 sqft), but right around the middle of the pack for the wider Westdale neighbourhood, where the average is about 5,168 sqft.
3. Is this home original or has it been updated?
The data provided only covers the year built (1967), size, value, and lot. No information is given about renovations, mechanicals, or interior condition. A buyer should assume it may need work unless an inspection proves otherwise.
4. What does “Top 91%” mean for living area at the city level?
It means this home ranks in the bottom 9% citywide for living space—91% of comparable Winnipeg homes are larger. In plain terms, this is a genuinely small house by city standards, which is the main trade-off for its price and location.
5. Would this property work as a rental or investment?
Given the small size and older construction, it’s not a typical family rental. But because the assessed value is above average for the area, it may appeal to a buyer looking to renovate and increase the living space or update the home to raise its market value further. The location in Westdale could support that strategy if the numbers work.