16 Ericsson Bay – Property Summary
Overview & Suitability
This 1,054 sqft home, built in 1961, sits on a 6,327 sqft lot in Westwood, Winnipeg. Its key appeal lies in the land. Citywide, the lot size ranks in the top 25%, which is notably better than how the house itself compares—living area is below average on its own street and in the neighbourhood. The assessed value of $351,000 is slightly below the street and neighbourhood averages but sits close to the citywide median, suggesting the price reflects the home’s modest size more than the land.
The year built (1961) is older than most nearby homes, but that also means the property has likely avoided some of the rapid construction trends of the last two decades. For a buyer, the draw is the chance to own a larger-than-average lot in an established area, where the house itself could be updated or expanded. It would suit someone looking for a fixer-upper with good bones, a buyer who values outdoor space over interior square footage, or an investor interested in land value in a mature neighbourhood. It’s less suited to someone wanting a turnkey home or a large open floor plan without renovation.
Frequently Asked Questions
1. How does this home compare to others on the same street?
On Ericsson Bay, it’s smaller than most—living area ranks 39th out of 41 homes. The assessed value is also below average, but the lot size is closer to the street median. It’s one of the older homes on the block, ranking 12th oldest (top 29%).
2. Is the assessed value fair given the home’s size?
The value is slightly below the street and neighbourhood averages, but it’s in line with citywide medians. Given the smaller living area, the assessment seems reasonable—the lot may be carrying some of the value.
3. What’s the neighbourhood like in terms of home ages and sizes?
Westwood (this section) has newer homes on average—most were built around 1966. This house is older than about 87% of them. Living areas in the neighbourhood are generally larger (average 1,372 sqft), so this is a smaller home for the area.
4. Would this property be a good candidate for renovation or an addition?
Possibly. The lot is above average in size for the city and around average for the neighbourhood, so there’s room to expand if zoning allows. The house itself is older, so any renovation would need to account for potential updates to systems and structure.
5. How does the land size compare across different levels?
On the street, the lot is around average (28th of 41). In the neighbourhood, it’s slightly above average (top 33%). Citywide, it’s well above average—top 25%—which is the strongest metric for this property.