25 Ericsson Bay – Property Summary
Key Characteristics and Buyer Profile
This 1,089 sqft home, built in 1961, sits on a 6,181 sqft lot in Winnipeg’s Westwood neighbourhood. The living space is below the average for both the street (1,298 sqft) and the wider community (1,372 sqft), placing it in the bottom tier locally. However, on a citywide scale, the size is close to average—a reminder that “small” is relative depending on where you’re comparing.
The assessed value of $360,000 is also near average for the street and slightly below the community and city medians. This suggests the price is in line with the local market, not a standout bargain or premium. The land, at 6,181 sqft, is below average for the street but above average citywide, which could matter for buyers who value yard space over interior square footage.
The home was built in 1961, making it older than most in Westwood (where the average build year is 1966) but newer than the average on its own street. This means it sits in a mixed-age block—some neighbours are slightly older, some newer.
Who this might suit: Buyers who are willing to trade interior size for a decent-sized lot, who are comfortable with an older home that may need updates, and who are looking in a more established, possibly quieter part of the city. It’s less suited to someone who wants a larger floor plan or a move-in-ready modern finish without any work.
Frequently Asked Questions
1. How does this property compare to others on the same street?
It ranks 38th out of 41 homes on Ericsson Bay for living area, and 35th for lot size. The assessed value is 27th out of 41—close to the street average. So it’s one of the smaller homes on the block, with a slightly smaller-than-average yard.
2. Is the assessed value a reliable indicator of market price?
Assessed value is used for property tax purposes and is not the same as market value. In this case, the assessment is near the local and city averages, which suggests the home is priced in a typical range for its area. But a home inspection and recent comparable sales would give a clearer picture.
3. What does “close to average” mean for the citywide comparisons?
For living area, the home is in the 62nd percentile citywide—meaning it’s slightly smaller than most homes in Winnipeg. For lot size, it’s in the 27th percentile, meaning the yard is larger than about 73% of city properties. So while the house itself is modest, the land is a relative strength.
4. Should I be concerned about the 1961 build year?
Not necessarily, but it’s worth knowing that the home is older than the Westwood community average. Depending on maintenance history, this could mean older systems (plumbing, electrical, insulation) or original features that some buyers appreciate. A thorough inspection is recommended.
5. How does the lot size affect usability?
At 6,181 sqft, the lot is above average citywide but below average for the immediate street. That means you get more outdoor space than many Winnipeg homes, but on this particular block, neighbours likely have slightly larger yards. It’s a moderate-sized lot—enough for a garden, play area, or patio, but not expansive.