27 Henday Bay – Property Summary
Key Characteristics and Appeal
This is a notably spacious single-family home built in 1961, situated on a large lot in the Westwood neighbourhood of Winnipeg. The living area of 1,830 square feet places it among the top 3% of homes on its street and the top 10% within the area—well above the typical home in both the neighbourhood and the city. The assessed value of $548,000 is similarly strong, ranking first on the street and in the top 5% of the neighbourhood. The land itself is 7,883 square feet, ranking in the top 10% locally and top 12% citywide.
The appeal here is twofold. First, the combination of a larger-than-average house and an above-average lot gives buyers genuine space to work with—both indoors and outdoors—without needing to move to a newer development on the city’s fringe. Second, the value rankings suggest the property has held or increased its standing relative to surrounding homes, which often matters more to long-term owners than raw square footage alone.
This property would suit buyers who are comfortable with a home that is older but structurally sound, and who prioritize interior and yard size over modern finishes or a freshly renovated look. It may also appeal to someone looking for a home with good bones in an established area where lot sizes are generous and the street is clearly among the more desirable ones.
Frequently Asked Questions
1. How does the age of the home affect its value compared to newer homes in the area?
The house was built in 1961, which is typical for Henday Bay but older than the average in the broader neighbourhood and city. However, its assessed value ranks far higher than its age would suggest—meaning the market clearly values its size, lot, and condition over its vintage. Buyers should expect older infrastructure (plumbing, wiring, possibly windows) but not necessarily a discount in price.
2. What does “ranked #1 out of 40” on the street actually mean for resale?
It means this property has the highest assessed value and the largest living area on its street. That can be a double-edged sword: it often indicates a premium home in a consistent block, but it also means there is less room for the property to “climb” relative to neighbours. Resale value will depend more on maintaining that lead than on general market trends.
3. Is the large lot usable, or is it mostly front yard or odd shape?
The land area of nearly 7,900 square feet is significantly above average, but the raw number doesn’t tell you how it’s laid out. Buyers should confirm whether the lot is deep, wide, or irregular—especially if they plan to garden, add a garage, or subdivide. The ranking suggests it is among the larger lots, not just one with wasted space.
4. How do the rankings compare to homes in newer subdivisions?
This property outperforms the vast majority of homes citywide in both living area, lot size, and assessed value. Newer subdivisions often have smaller lots and tighter floor plans. The trade-off here is an older home with more established landscaping, mature trees, and a location in a built-out neighbourhood—rather than a blank slate in a growing area.
5. What should a buyer look for during a viewing beyond the numbers?
Check the condition of the roof, foundation, and major systems (furnace, electrical panel, plumbing). The year built (1961) means the home is over 60 years old, and some upgrades may be dated or nearing end of life. Also look at how the yard connects to the house—whether there are multiple access points, basement walkouts, or room for future expansion. The numbers are strong, but the physical inspection will tell you how well they’ve been maintained.