31 Hammond Road – Property Summary
Key Characteristics & Buyer Profile
This 1,134 sqft bungalow, built in 1967, sits on a 5,811 sqft lot in Winnipeg’s Westdale neighbourhood. Its assessed value is $331,000.
The property’s strongest feature is its living area, which is above average both on the street (top 22%) and in the neighbourhood (top 24%). The lot size is roughly average for the street and neighbourhood, but sits slightly above the citywide median. The assessed value is unremarkable at the street level, though it edges above the neighbourhood average. The home is older than most in Westdale (top 93% in age), but the citywide average for comparable homes is similar.
The appeal here is a solid, practical floor plan on a standard lot in an established area. It’s not flashy or oversized, but it’s competitive on interior space compared to nearby homes. This would suit buyers who prioritize square footage and a quiet, mid-century street over a newer build or a premium location. It may also interest someone who sees the modest assessed value (relative to citywide averages) as a potential value entry point into Westdale.
Frequently Asked Questions
1. How does the year built affect the property’s condition or value?
The home is older than most in Westdale, which may mean original finishes or systems that need updating. However, its citywide age ranking is average, meaning it’s not unusually old for Winnipeg. A home inspection is advisable to assess the roof, furnace, windows, and foundation.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a benchmark for property tax, not market value. In this case, the assessment sits below the citywide average for comparable homes, but within the street’s typical range. Market price will depend on condition, renovations, and buyer demand in Westdale.
3. How does the lot size compare to other properties in the area?
At 5,811 sqft, the lot is average for the street but slightly above average for Westdale. It’s not a deep or oversized lot, but it’s not undersized either—a typical urban lot for the neighbourhood.
4. What does it mean that the living area is ranked “above average” on the street?
It means this home has more interior square footage than most of its immediate neighbours. For a buyer who wants more room without moving to a larger street or neighbourhood, this could be a practical advantage.
5. Would this property be a good choice for a first-time buyer or an investor?
It could suit either. First-time buyers may appreciate the above-average living area and standard lot in a stable area. Investors might be drawn to the assessed value relative to citywide averages, though the older construction and age-related maintenance should be factored into any return calculations.