22 Reynolds Bay – Property Summary
Section 1: Key Characteristics and Buyer Profile
This 1,193 sqft home, built in 1965, sits on a 5,332 sqft lot in Winnipeg’s Westwood neighbourhood. Its main appeal is straightforward: the living space is generous for the street, ranking in the top 25% on Reynolds Bay, but the assessed value sits at the bottom—ranked 12th out of 12 nearby homes. That gap is significant. You’re getting more interior square footage than most neighbours, but the property is valued lower than any other home on the street.
The lot is on the smaller side for the area, both street- and neighbourhood-wide. The home’s age is fairly typical for Westwood, neither notably old nor new. Citywide, it lands around the middle across all metrics.
This property would suit a buyer focused on interior space over yard size, someone who sees value in a home that may be undervalued relative to its street. It could appeal to those comfortable with a fixer-upper or cosmetic update, since the low assessment suggests the house hasn't kept pace with neighbours in condition or upgrades. It’s less suited for someone wanting a large lot or a move-in-ready home at the top of its local market.
Section 2: Five Possible FAQs
1. Why is the assessed value so low compared to neighbouring homes?
The property ranks last on the street for assessed value, despite having above-average living space. This often points to differences in condition, age of major systems, or lack of recent renovations. It’s worth inspecting to see if the gap represents an opportunity or deferred maintenance.
2. Is the lot size a concern?
At 5,332 sqft, the lot is smaller than average for Westwood (6,491 sqft) and for the street (5,468 sqft). If you’re looking for a big yard or room for an addition, this may feel tight. But for lower-maintenance outdoor space, it could be a fit.
3. How does the living area compare to other homes in Winnipeg?
Citywide, this home’s 1,193 sqft is right around the median for comparable homes. It’s not unusually large or small by Winnipeg standards—just slightly above the street average and a bit below the neighbourhood average.
4. What does the “year built” ranking tell me?
The home was built in 1965, which ranks in the top 25% on the street (meaning several nearby homes are newer). At the neighbourhood and city level, it’s about average. You’re looking at a 60-year-old home, so expect typical systems and materials for that era.
5. How can I see how this property compares to specific nearby houses?
The listing includes a neighbourhood analysis map that lets you view nearby homes side-by-side, comparing year built, living area, assessed value, and lot size in detail. That’s the best way to understand what the rankings actually mean for this specific location.