61 Keewatin Street — Property Summary
Key Characteristics & Buyer Profile
This is a 1949-built home with 744 square feet of living space on a 4,187-square-foot lot. Its assessed value is $224,000. The property stands out not for being the newest or largest, but for its relative value in the Weston neighborhood. Compared to other homes in the immediate area, it ranks in the top 19% for assessed value—meaning you’re getting a property that’s appraised higher than most of its neighbors—while having below-average living area (top 72%) and a land area that’s above average for the neighborhood (top 19%). Citywide, the home is modest (bottom 94% for living area, bottom 88% for assessed value), which aligns with an older, smaller home in an established part of Winnipeg. The lot is notably larger than the neighborhood average (3,269 sqft vs. 4,187 sqft), offering outdoor space that many comparable homes in Weston lack.
The appeal lies in the combination of a solid lot and a reasonable tax base relative to the neighborhood. This is not a turnkey or high-finish property, but a practical entry point for buyers who value land and location over square footage. It would suit a first-time buyer looking to get into a working-class area with room to grow, an investor targeting a rental in a dense older neighborhood, or a buyer planning a renovation or addition on a decent-sized lot. The street itself is average for its area—nothing flashy, but functional.
Five Possible FAQs
1. The living area is small compared to city averages. Is that a problem for resale?
It depends on the buyer pool. In Weston, a 744 sqft home is actually only slightly below the neighborhood average (936 sqft). Many homes in this area are older, smaller bungalows or wartime houses. The small footprint is a trade-off for a larger lot and lower price point. Resale would appeal to similar buyers, not families needing 1,500+ sqft.
2. Why is the assessed value high for the neighborhood but low citywide?
Weston’s average assessed value is $184,700, so this property at $224,000 sits comfortably above that. Citywide, Winnipeg’s average is much higher ($390,100), driven by newer, larger homes in suburbs and affluent areas. The home’s value is strong for its immediate context, not the whole city.
3. The land area is above average in Weston but below average citywide—what does that mean practically?
In Weston, many lots are small (neighborhood average is 3,269 sqft), so 4,187 sqft gives you more yard space than most nearby homes. Citywide, especially in newer subdivisions, lots are often 5,000 to 8,000 sqft or more, so it’s not large overall. But within a walkable, older neighbourhood, this is a generous lot.
4. Is a 1949 home likely to have hidden issues?
Homes from that era can have challenges: older wiring, cast-iron plumbing, possibly knob-and-tube, and insulation or foundation concerns. That said, many 1940s homes in Weston are structurally solid post-war builds. A thorough inspection is essential, but the property’s assessed value suggests it’s not a tear-down—just an older home that may need targeted updates.
5. How does the street rank against others in the area?
Keewatin Street is average for its local market. It ranks 30th out of 43 homes for assessed value and 35th for year built—so it’s an older home on a typical street. It’s not a standout street, but it’s also not an outlier. The home itself is more notable for its value relative to the neighbourhood than for the street’s reputation.