1. Property Overview: Key Characteristics & Buyer Fit
This is a 1,080 sqft home built in 1964, sitting on a 5,452 sqft lot. The numbers tell a story of a property that is slightly smaller than its neighbours in both living area and lot size, yet positioned around the city average. Its assessed value of $349k is notably lower than both the Westwood neighbourhood average ($392k) and the citywide average ($390k), which gives it a price advantage.
The appeal here is subtle. It isn’t the biggest or the newest house on the street, but it offers relative affordability in a location where many comparable homes are more expensive. The lot size ranks surprisingly high on the street itself—4th out of 12—meaning it’s not the smallest yard in the immediate area, even if it’s below the broader neighbourhood’s average. This suggests a trade-off: a less spacious interior but a decent-sized outdoor space relative to other houses on Reynolds Bay.
This property would suit a buyer focused on entry-level ownership or budget-conscious buyers who value location over square footage. It may also appeal to someone open to a renovation project, as the gap between its assessed value and the neighbourhood average indicates potential for long-term equity growth if the living area is expanded or finishes are updated. It is less suited for buyers seeking a turnkey, larger family home or those who prioritise top-tier comparisons within Westwood.
2. Frequently Asked Questions (FAQs)
1. How does this property’s living area compare to others nearby?
On its own street, Reynolds Bay, the home’s 1,080 sqft is below the street average of 1,154 sqft, ranking 11th out of 12 homes. Within Westwood, it ranks in the bottom 16% (2,124th out of 2,523). Citywide, it sits around average for comparable homes. If interior space is your top priority, there are larger options nearby.
2. Is the assessed value of $349k a fair price for this neighbourhood?
It is lower than the Westwood average of $392k and the citywide average of $390k. On this street, it ranks 9th out of 12, with the street average at $356k. This positions the property as one of the more affordable options in the area, which can be an advantage for first-time buyers but may also reflect its smaller size or older finishings.
3. How large is the lot, and is it considered small or big?
The lot is 5,452 sqft. While it is below the Westwood average (6,491 sqft) and the city average (6,570 sqft), it is very close to the average for Reynolds Bay (5,468 sqft) and actually ranks 4th out of 12 on the street. So, relative to its immediate neighbours, the lot is typical—not unusually small.
4. The home was built in 1964. How does that compare to other homes in the area?
The build year is very much in line with the neighbourhood’s character. Reynolds Bay’s average build year is 1965, and Westwood’s is 1966. The property ranks 8th out of 12 on its street, meaning it is slightly older than a few homes nearby but not out of place. Citywide, it sits around the median for comparable properties.
5. What does "Below Average" or "Around Average" really mean in these rankings?
The property is ranked against comparable homes at three levels: street, neighbourhood (Westwood), and city (Winnipeg). "Below Average" means it lands in the lower portion of that group. "Around Average" means it falls near the middle (median). For example, a "Top 63%" citywide rank for living area means it is larger than 63% of comparable city homes—so it’s slightly above the city median, despite being below the street median.