15 Magellan Bay

15 Magellan Bay, Winnipeg

Key Characteristics & Buyer Profile

This home sits on a notably large lot—6,900 square feet—which ranks in the top 21% on its street, top 20% in the Westwood neighbourhood, and top 18% citywide. For buyers who prioritize outdoor space, garage potential, or room for future additions, this is the standout feature. The living area is 1,232 square feet, slightly below the street average of 1,392 but essentially on par with neighbourhood and city medians. Built in 1960, the home is older than most in its immediate area (the neighbourhood average is 1966), which means it may appeal to someone comfortable with mid-century construction or looking to renovate to their own taste. The assessed value of $376,000 falls a bit below the street average of $389,300, likely reflecting the smaller living area relative to neighbours—but well-positioned given the larger lot. This property would suit a buyer who values land over square footage, who doesn’t mind a smaller interior footprint, and who is open to updating an older home in a stable, established neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to other homes in Westwood?
The lot is larger than roughly 80% of properties in the neighbourhood. Westwood’s average lot size is 6,491 square feet, so this home offers about 400 extra square feet of land—enough for a sizable garden, a workshop, or a future garage addition.

2. Is a living area of 1,232 sqft considered small for this area?
It’s slightly below the street and neighbourhood averages, but only by about 10–12%. Many homes in Westwood from this era are similar in size. The trade-off is that you’re getting a bigger lot than most, so you have more flexibility to expand if needed.

3. What does the assessed value of $376,000 tell me?
It suggests the home is priced a bit below the street median ($389,300) and neighbourhood median ($392,100). This may reflect the smaller living area or the fact that the home hasn’t been updated as recently as others nearby. For a buyer, it could mean less competition and more room to negotiate, especially if you’re planning renovations.

4. The home was built in 1960. What should I look for in an older home?
At 64 years old, you’ll want to check the condition of the roof, windows, furnace, and electrical panel. Many homes of this vintage have original galvanized plumbing or knob-and-tube wiring. That said, 1960s construction often features solid framing and good-quality materials—just be prepared for some updates.

5. Who typically buys in Westwood?
Westwood attracts a mix of families, tradespeople, and investors. The neighbourhood has decent schools, good access to Inkster Boulevard and the Perimeter, and a stable housing stock. The large lots here are uncommon in more central areas, so buyers often come for the land value and the potential to build equity through gradual improvements.