176 Rouge Road – Property Summary
Key Characteristics & Buyer Profile
This is a solid, mid-range bungalow built in 1966, situated on a 5,124 sqft lot in Winnipeg’s Westwood neighbourhood. The home offers 1,219 sqft of living space and carries an assessed value of $363,000.
What stands out most here is value, not size. The home’s assessed value ranks in the top 35% on its street, yet the lot is notably smaller than average—ranking in the bottom 16% locally and bottom 8% in the neighbourhood. That means you’re getting a well-valued house on a compact, lower-maintenance property. The living area is close to street and city averages, so there’s nothing unusual about the square footage.
The appeal here lies in affordability relative to the surrounding area. The assessed value is slightly above the street average but below both the neighbourhood and city averages. For a buyer who wants a home that’s priced competitively without needing a large yard to maintain, this could be a practical fit. It would suit someone looking for a manageable property in an established neighbourhood—perhaps downsizers, first-time buyers, or investors wanting a rental with reasonable carrying costs.
Five Possible FAQs
1. How does this property compare to others on Rouge Road?
It’s slightly above average in assessed value (top 35%) but below average in land size (bottom 16% on the street). Living area and year built are both within a typical range for the street.
2. Why is the assessed value higher than the street average but lower than the neighbourhood average?
The street average ($351,500) is pulled down by smaller or older homes on Rouge Road. The broader Westwood neighbourhood includes larger lots and newer builds, which raises its average ($392,100). This home sits between those two benchmarks.
3. Is the smaller lot a drawback or an advantage?
That depends on your priorities. A smaller lot means less outdoor maintenance and lower yard costs, but it also limits expansion potential or outdoor space for families. It’s a trade-off that works well for buyers who prefer a simpler property.
4. How does the 1966 build hold up compared to newer homes in the area?
Homes from the mid-1960s in Winnipeg are often solidly built with mature landscaping. The year built is typical for the street and neighbourhood—so you’re not looking at something unusually old or new. What matters more is the condition of the mechanicals, roof, and windows, which aren’t detailed here.
5. What does “around average” really mean in these rankings?
The rankings compare this home to similar single-family homes within each scope (street, neighbourhood, city). “Around average” means it falls near the middle when ranked by living area, value, or year built. The land area is the only metric that clearly sits below average compared to its immediate neighbours.