Property Summary: 3178 Assiniboine Avenue
Key Characteristics & Buyer Fit
This is an elite property in Winnipeg’s Westwood neighbourhood, built in 1964. Its defining feature is the land: a 22,970 sqft lot that ranks in the top 1% citywide for size. On Assiniboine Avenue, it’s in the top 4%. The living area is 1,952 sqft—above average for the street, neighbourhood, and the city as a whole—but the lot is where the property really stands out. The assessed value of $1.05M places it in the top 1% citywide and top 2% on the street, reflecting that land premium rather than just the house itself.
The appeal is clear for someone who values space, privacy, or potential. In a neighbourhood where the average lot is under 6,500 sqft, having nearly 23,000 sqft is rare. The house is solid and liveable, but the real opportunity is in what you can do with the land—gardening, landscaping, adding a carriage house, or simply enjoying room to breathe in an established area. The 1964 build means the home is not new, but it’s not outdated either; it’s from a period known for quality construction in Winnipeg.
This property suits buyers who prioritize outdoor space over a brand-new interior, or who see long-term value in holding a large lot in a top-ranked neighbourhood. It’s less suited for someone wanting move-in-ready luxury finishes or a compact, low-maintenance yard.
Five Possible FAQs
1. How does the living space compare to other homes in the area?
At 1,952 sqft, the living area is above the street average (1,763 sqft) and well above the citywide average for similar homes (1,342 sqft). It’s comfortable but not oversized—the lot is the standout feature.
2. Is the assessed value of $1.05M in line with the home’s condition?
The assessed value ranks in the top 2% on the street, which reflects the large lot and location more than the house itself. A home of this age may need updates, so the assessment should be seen as land-driven, not necessarily a measure of interior renovation.
3. What’s the neighbourhood like?
Westwood is an established Winnipeg neighbourhood. The home ranks in the top 1% locally for lot size and assessed value, meaning it sits among larger, higher-value properties. It’s a quiet, residential area with mature trees and good access to amenities.
4. How does the age of the home affect its value?
Built in 1964, the property is around average for the street and city. The age isn’t a drawback for most buyers here, because the value is in the land. Many owners in this bracket plan renovations or additions rather than seeking a new build.
5. What kind of changes could I make to the property?
Given the lot size, there’s room for landscape redesign, a large garden, or potential for a secondary structure (subject to zoning). It’s worth checking local bylaws, but the land offers flexibility that smaller lots in the area simply don’t.