25 Galinee Bay – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,208 sqft bungalow, built in 1962, sits on a 6,629 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is the land: the lot ranks in the top 26% within the neighbourhood and the top 20% city-wide, meaning you’re getting more outdoor space than most comparable homes in the area. The assessed value of $358,000 is below both the street average ($377,100) and the neighbourhood average ($392,100), which gives it a more accessible entry point relative to nearby properties.
The living area is slightly below the street and neighbourhood averages, but the home itself is older than many in the immediate area (top 26% on the street for year built, meaning it’s one of the earlier builds). This combination suggests a property with solid bones on a generous lot—likely a candidate for updates rather than a move-in-ready renovation. The location in Westwood offers a settled, mid-century neighbourhood feel, with mature trees and established streets.
Appeal: The value lies in the land-to-price ratio. Buyers who prioritize outdoor space, gardening, or potential for future expansion may find this compelling. The assessed value also suggests room for equity growth if the home is updated or the area continues to appreciate.
Who it suits: Practical buyers—first-timers looking for a property they can shape over time, or investors seeking a lot-driven asset in a stable Winnipeg neighbourhood. Not ideal for someone wanting a finished, updated home with no work ahead.
Frequently Asked Questions
1. How does this property’s assessed value compare to similar homes in Winnipeg?
It’s roughly average city-wide—ranked in the top 51% of comparable homes. But within its own neighbourhood, it sits below the average, which may reflect a need for updates or a slightly smaller living area.
2. Is the lot size unusual for the area?
Yes, in a good way. The lot is above average for the neighbourhood and well above average city-wide (top 20%). That’s a meaningful differentiator for a property in this price range.
3. What should I expect in terms of renovation needs?
Given the 1962 build date and the assessed value relative to newer homes nearby, you can likely expect original or partially updated systems, windows, and finishes. It’s the kind of house where a home inspection will tell you a lot—especially regarding the foundation, roof, and mechanicals.
4. How does the neighbourhood, Westwood, compare to other Winnipeg areas?
Westwood is an established, mid-value neighbourhood with a mix of post-war homes. It’s not a high-growth or trendy area, but it offers decent lot sizes, quiet streets, and proximity to amenities. For buyers focused on utility and space rather than flash, it holds up well.
5. What’s the practical advantage of the land being ranked higher than the house?
It gives you options. If you ever want to renovate or add square footage, you have the land to do it without breaking setback rules or feeling crowded. For now, it means more yard for the price than most homes in the city offer at this level.