132 Coleridge Park Drive

132 Coleridge Park Drive – Property Summary

Key Characteristics & Buyer Profile

This is a 2,102 sqft home on a 6,763 sqft lot, built in 1969, with an assessed value of $481,000. Its standout feature is living space. At the neighborhood level (Westwood), it ranks in the top 4% for living area—well above the local average of 1,372 sqft. Citywide, it sits in the top 8%. The assessed value also reflects a premium within the neighborhood (top 10%), though it sits below the average for its own street, where some homes top $580,000. The lot is slightly smaller than many on Coleridge Park Drive, but still above average for Westwood and for Winnipeg as a whole. The house is older than the street average (1969 vs. 1972), but newer than much of the surrounding area.

The appeal here is space—inside and out, relative to the broader market. It offers a larger-than-typical floor plan without the premium of a newer build or an oversized lot. That makes it a practical fit for someone who values square footage over curb appeal or a recently renovated finish. It would suit a buyer looking for generous living areas in an established neighborhood, who is comfortable with a home from the late 1960s and doesn’t mind that their lot is smaller than some neighbours’. It’s less suited to someone prioritizing a move-in-ready, contemporary aesthetic or a large private yard.

Frequently Asked Questions

1. How does this home's lot size compare to others on the street?
It's noticeably smaller. The street average is 9,143 sqft, while this lot is 6,763 sqft—placing it in the bottom 17% of homes on Coleridge Park Drive. However, the lot is still above the neighborhood average (6,491 sqft) and the city average (6,570 sqft), so it's not a small lot by broader standards, just modest for its immediate street.

2. The assessed value is below the street average—does that mean it's priced lower than neighbours?
Yes, relatively speaking. The street average assessed value is about $580,000, so this home comes in roughly $100,000 below that benchmark. Keep in mind that assessed value is not market price, but it often tracks with size, condition, and features. The lower assessment likely reflects a combination of the smaller lot and potentially an older or less updated interior compared to other homes on the block.

3. Is the neighbourhood considered desirable for families or long-term residents?
Westwood ranks very well citywide. Being in the top 4% for living area and top 10% for assessed value within the area suggests it's a stable, established neighbourhood with a mix of older homes and some higher-value properties. The rankings indicate it's not a transitional area—it's an established pocket where homes tend to hold value.

4. What should a buyer watch out for with a 1969 build?
This is less of a red flag and more of a practical consideration. Homes from this era often have original mechanical systems, single-pane windows, or outdated insulation unless they've been updated. The fact that the assessed value sits below the street average might hint that some updates are still needed. A buyer should budget for potential electrical, plumbing, or roof work within the first few years.

5. Why does the property rank high citywide and in the neighbourhood, but low on its own street?
It's a classic case of a strong block. Homes on Coleridge Park Drive are generally larger and sit on bigger lots than the surrounding area. This home is well above average for Westwood and Winnipeg, but when compared to the other 47 homes on its own street, it's more modest. That's not a negative—it means you get the benefit of being on a high-calibre street without paying the full premium for the largest or newest property there.