Key Characteristics & Buyer Profile
This 720 sq ft home at 8 Foxberry Bay sits on a 3,198 sq ft lot, built in 1972. The assessed value is $273,000.
Where the appeal lies: The property’s strongest asset is its assessed value relative to the street. It ranks in the top 37% on Foxberry Bay, meaning it’s priced competitively within its immediate neighborhood. The construction year (1972) also sits right at the street average, so you're not buying a home that's noticeably older than its neighbors. On the other hand, both the living area and land size are well below average—not just on the street, but across Westdale and Winnipeg as a whole. This is a smaller footprint property in a city where the average home is nearly double the size.
Who it would suit: This home is likely best suited for buyers who prioritize affordability and location over square footage. Someone looking to get into a stable, built-out neighborhood like Westdale without paying for space they don’t need. It could also appeal to investors or downsizers who value lower maintenance costs and a more efficient layout. A family expecting to expand, or anyone wanting a large yard or room to build an addition, would likely find the land constraints frustrating.
Frequently Asked Questions
1. Why is the assessed value close to the street average when the home is smaller?
Assessed value isn’t based on size alone. It factors in location, condition, lot value, and recent sales in the area. On Foxberry Bay, many homes may be larger but older or in different condition, balancing out the numbers.
2. Is a 3,198 sq ft lot considered small for Westdale?
Yes. The average lot in the neighborhood is over 5,000 sq ft. This lot is about 40% smaller, which limits outdoor space and future expansion possibilities. It’s worth checking if the lot shape or placement still offers usable yard space.
3. How does a rank in the top 31% for build year affect long-term value?
Being built in 1972 means the home is of similar age to most of its street and neighborhood, which is slightly younger than the city average. That consistency helps with resale—buyers aren’t dealing with a home that’s conspicuously older or newer than others nearby.
4. What does "progress bar" shading mean in the context of this property?
The progress bars compare the property against others in the same street, neighborhood, or city. Longer colored bars indicate an advantage. For this home, the bars for living area and lot size are short (red/amber), meaning it ranks lower. The value bar is neutral, and the build year is close to average.
5. Could this property be a good investment if I plan to renovate?
Possibly, but the small land size limits what you can do. Adding square footage or a second story would depend on zoning and setback rules. A cosmetic or mechanical renovation (kitchen, windows, HVAC) could improve value without needing more land, but the ceiling on appreciation may be lower compared to homes on larger lots.