This 1,050 sq ft bungalow, built in 1961, sits on a 5,664 sq ft lot in Winnipeg’s Westwood neighbourhood. Its primary appeal is value relative to its immediate street. While the property is slightly below average in size and assessed value compared to the wider Westwood community and the city overall, it ranks well above average on Byrd Avenue itself—landing in the top 23% for assessed value. This suggests the home is a stronger proposition within its direct block than it might appear from broader stats.
For a buyer, this means you’re getting a home that holds its own among direct neighbours, without paying a premium for the larger lots and newer builds found elsewhere in Westwood. The home’s age (1961) is typical for the street but older than the neighbourhood average, which may appeal to those looking for original character or a renovation project in a stable, established area.
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How does this home’s property tax compare to similar homes in Westwood?
The assessed value is $344,000, which is about $48,000 below the Westwood average of $392,000. This typically results in lower annual property taxes than many nearby homes, though actual tax amounts depend on current mill rates.
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Is the lot size considered small for the area?
At 5,664 sq ft, it’s close to the street average and slightly smaller than the Westwood average of 6,491 sq ft. It’s not exceptionally small, but it’s below the typical suburban lot size in this part of the city.
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How does the 1961 build year affect maintenance or renovations?
Homes from this era often have solid framing but may need updates to insulation, windows, electrical, and plumbing. The age is common on Byrd Avenue, so many neighbours face similar considerations. A pre-purchase inspection is recommended to identify any deferred maintenance.
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What does “top 23% on the street” actually mean for resale value?
It typically means this property is valued higher than most others directly on Byrd Avenue. This can be a positive sign for future resale, as the home already sits above the local baseline, though broader neighbourhood and city trends will also matter.
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Why is the home ranked higher on the street than in the community or city?
The street (Byrd Avenue) has smaller, older homes on average, so this property compares more favourably there. In Westwood and Winnipeg as a whole, there are many larger, newer, or higher-value homes that bring down the property’s percentile ranking. This is common for homes in established, mid-value pockets within larger neighbourhoods.