3216 Assiniboine Avenue

Property Summary: 3216 Assiniboine Avenue, Winnipeg

Key Characteristics & Buyer Fit

This is a 1972-built home on a 26,218 sqft lot—more than four times the average lot size in its Westwood neighbourhood and among the top 1% citywide. The living area is 2,330 sqft, placing it well above the street average (1,763 sqft) and in the top tier for both the neighbourhood (top 2%) and the city (top 5%). Its assessed value of $856,000 is similarly exceptional—top 2% across Winnipeg and top 1% within Westwood.

The property’s real appeal isn’t just square footage; it’s the land. A lot this size on a street where homes average roughly half that suggests privacy, development potential, or simply the kind of outdoor space most city properties lack. The assessed value also hints at significant built quality or location desirability beyond what raw floor area alone would suggest.

This property would suit buyers who prioritize space—both indoors and outdoors—and who are comfortable with a premium price point for a home that stands out in its area. It’s a fit for someone who wants a large, established lot without leaving the city, or for a buyer who sees long-term value in owning a top-tier property in an already elite neighbourhood. It may be less suited to someone looking for a newer build (the home is 52 years old and sits in the middle of the pack citywide for age) or a smaller, low-maintenance property.

Five Possible FAQs

1. How does the lot size compare to typical properties nearby?
Very favourably. The average lot size on Assiniboine Avenue is 10,920 sqft, and the neighbourhood average is just 6,491 sqft. At 26,218 sqft, this property is more than double the street average and roughly four times the neighbourhood norm. It ranks in the top 1% citywide for lot size.

2. The home was built in 1972. Has it been updated?
The data provided does not include renovation history. The year built puts it in the top 11% for its street (older homes are more common there) but around average citywide. A home inspection and any listing disclosures would clarify whether major systems (roof, HVAC, windows, plumbing) have been updated.

3. What does the assessed value of $856,000 reflect?
Assessed value is based on the city’s estimate of market value for property tax purposes. Here, it’s significantly above both the street average ($533,100) and neighbourhood average ($392,100). This likely reflects the combination of large lot size, above-average living area, and the home’s specific location or condition relative to others in Westwood.

4. Are there any drawbacks to being a top-ranked property on the street?
Being the standout property can mean higher property taxes compared to neighbours. It may also make the home harder to sell if the surrounding market doesn’t support the same price point—buyers pay a premium for the lot and space, but the street’s overall character may not match the home’s tier.

5. Is this property suitable for redevelopment or subdivision?
The large lot suggests potential, but this would depend entirely on local zoning, lot dimensions, and city bylaws. The data does not include zoning information. A buyer interested in subdivision or building additional structures should consult the City of Winnipeg’s planning department or a local land use professional before making any assumptions.