115 Wordsworth Way

115 Wordsworth Way – Property Summary

Overview & Suitability

This is a 1,190 sqft single-family home built in 1963 on a 5,770 sqft lot, located in Winnipeg’s Westwood neighbourhood. Its assessed value is $359,000.

The property’s main draw is its relative affordability compared to the neighbourhood and city averages. The assessed value sits 8% below the Westwood average ($392,100) and 8% below the city-wide average ($390,100), despite the living area and lot size being reasonably close to typical for the area. The home was built slightly earlier than most nearby homes (1963 vs. 1966), which may appeal to buyers who prefer a more established construction era or a street with character.

The lot is smaller than average for Wordsworth Way (5,770 sqft vs. 6,609 sqft), but the living area is roughly on par with the street and city medians. This makes the property a practical choice for someone who values location and indoor space over a large yard, or for a first-time buyer looking to enter a stable, middle-of-the-pack neighbourhood without paying a premium for extra land.

Best suited for: budget-conscious buyers, investors looking for a property with below-average land costs in a solid area, or homeowners who intend to renovate rather than expand outward.

Five Frequently Asked Questions

1. How does this home compare to others on the same street?
On Wordsworth Way, this home ranks in the top 55% for living area, top 48% for assessed value, and top 12% for age (meaning it’s older than most). The lot ranks in the bottom quarter for size. So it’s a modest home on a smaller lot, but priced below the street average.

2. Is the assessed value realistic or overvalued?
The assessed value ($359,000) is below both the street average ($371,100) and neighbourhood average ($392,100). This suggests it’s priced conservatively relative to its immediate area. However, the home is also older, so the lower assessment may reflect deferred maintenance or a less updated interior—something a buyer should verify in person.

3. What’s the neighbourhood like in terms of home ages and sizes?
Westwood is a mid-century neighbourhood. The average home was built in 1966, so this property (1963) is slightly older but not unusual. Living areas cluster around 1,370 sqft, so this home is a bit smaller than the local norm. Land sizes are also fairly consistent in the area (averaging 6,491 sqft), meaning this lot is noticeably smaller than most neighbours'.

4. Could this be a good investment property?
Potentially, yes. The below-average land size and lower assessed value mean a lower entry price. If the interior is in decent shape, the gap between this property and the neighbourhood average could suggest room for appreciation. However, smaller lots may limit future expansion or resale value for buyers who want a bigger yard.

5. How does this property rank city-wide in Winnipeg?
Living area is right at the city median (top 51%), assessed value is also at the city median (top 51%), and land area is above average (top 37%). Year built is slightly older than the city median (top 55%). Essentially, it’s a unremarkable but solid, average home in a typical older suburban setting.