51 Acorn Place – Property Summary
Key Characteristics & Target Buyer
This is a 948 sqft home built in 1973 on a 3,388 sqft lot in Winnipeg’s Westdale neighbourhood. Its assessed value sits at $262k.
The property’s standout feature is its construction year. On Acorn Place, it’s the newest home, ranked 1st out of 28. Westdale as a whole skews slightly older, so this home offers a relatively modern build within a mature neighbourhood. This matters because a home built in the 1970s often has simpler, more straightforward construction than older stock, and may already have had major systems updated—though that’s not guaranteed here.
Where it doesn’t lead is in space or value. The living area is right around the street average, and both the lot size and assessed value sit below the neighbourhood and city benchmarks. The $262k assessment puts it noticeably below Westdale’s average of $307k, which could reflect a more modest finish level or a need for updating.
Who this suits: A buyer who wants a newer-construction home in an established area, without paying a premium for extra square footage or a large lot. It’s a practical fit for someone who values a solid, recent build over land size or a high-status address. First-time buyers or downsizers who don’t need a lot of indoor or outdoor space but want a neighbourhood with character may find it worth a look.
FAQs
1. How does the lot size compare to other homes in the area?
At 3,388 sqft, the lot is below the Westdale average of 5,168 sqft and ranks 77th percentile in the neighbourhood (smaller is lower-ranked here). It’s not a yard for gardening or expansion, but it’s in line with many compact city lots. If outdoor space matters, this is a trade-off.
2. Is the assessed value of $262k a fair reflection of the home’s condition?
It’s below the street average of $263k and well below Westdale’s average of $307k. This suggests the home may need some cosmetic or mechanical updates, or it’s simply a more modest property than its neighbours. Assessment isn’t market value, but it’s a reasonable starting point. A home inspection would clarify what the number implies.
3. What’s the advantage of a home built in 1973 versus older homes in Westdale?
Westdale’s average construction year is 1971, so this home is slightly newer. More importantly, 1970s builds often use materials and methods that are easier to renovate or update than pre-war homes. They also tend to have better insulation and wiring than older stock, though not as modern as a 2000s-era house.
4. How does the living area affect day-to-day use?
948 sqft is around average for the street (935 sqft) but well below the citywide average for comparable homes (1,342 sqft). It’s enough for a couple or a small family, but floor plan matters more than square footage here. If the layout is efficient, it won’t feel cramped. If it’s chopped up, it will.
5. What’s the overall value story here?
The home is competitive on age within Westdale, but not on size or assessment. The buyer gets a newer build in an older, well-regarded neighbourhood, but trades off space and lot size. For someone who prioritizes a solid building envelope over land, the trade could be worthwhile. For someone looking for a “bargain,” the below-average assessment may signal opportunity—or deferred maintenance.