37 Ericsson Bay — Property Summary
Key Characteristics & Buyer Profile
This is a 1961-built single-family home with 1,306 sq ft of living space and a 6,482 sq ft lot, located in the Westwood area of Winnipeg. The property sits near the middle of the pack within its own street—16th out of 41 homes on Ericsson Bay—and holds a similar mid-range position across the broader neighbourhood and city. The assessed tax value is $360,000, slightly below the street and neighbourhood averages.
Where this property stands out is its lot size. While the living area is close to typical for the street, the land is larger than average for both the Westwood community (top 30%) and the city as a whole (top 23%). That suggests the home offers more outdoor space than many comparable properties nearby. The build year is older than the community average (1961 vs. 1966), but within the street itself, it's actually slightly newer than typical—homes on Ericsson Bay average around 1962. So while it's not a modern build, it's not the oldest on the block either.
The appeal here is practical rather than flashy. It's a solid, mid-century home on a generous lot in a well-established neighbourhood. The tax assessment being below neighbourhood and city averages could also mean lower property taxes relative to nearby homes with similar living space. This property would suit buyers who value outdoor space—gardening, yard work, room for kids or pets—over a larger interior footprint. It's also a reasonable fit for someone looking into a neighbourhood with mature trees and settled streets, without paying a premium for a top-tier address. First-time buyers, small families, or investors looking for a property with land value upside might find it worth a closer look.
Five Possible FAQs
1. How does the living space compare to other homes in Westwood?
It's close to average. The 1,306 sq ft is slightly below the neighbourhood average of 1,372 sq ft, ranking in the top 44% of Westwood homes. You're not getting a particularly large or small interior—just a typical mid-sized home for the area.
2. Is the lot size a meaningful advantage?
Yes, relative to other properties in Westwood and Winnipeg. The 6,482 sq ft lot ranks in the top 30% within the community and top 23% citywide. On its own street, it's closer to the middle, but that still suggests more yard space than many comparable homes in the broader area.
3. Why is the build year considered older for the community but newer for the street?
The street (Ericsson Bay) has an average build year of 1962, so a 1961 home is only slightly older than most neighbours. But Westwood as a whole averages 1966, meaning this home is older relative to the broader community. It's a subtle difference, but it matters: you're on an older street in a neighbourhood that has seen more recent construction.
4. What does the assessed value of $360,000 tell me?
It's below both the street and community averages ($373,000 and $392,000, respectively). That doesn't necessarily mean the home is a bargain—assessments aren't market prices—but it does suggest the tax base is lower than many nearby properties. For a buyer, that could translate into lower annual property taxes compared to similarly sized homes in Westwood.
5. How should I interpret the "41st percentile" style rankings?
These rankings compare this property to others at three levels: street, neighbourhood (Westwood), and city (Winnipeg). The percentile tells you what percentage of comparable homes rank below it. For example, being in the top 23% citywide for lot size means 77% of Winnipeg homes have smaller lots. The closer to 1%, the more exceptional the property is for that metric. This home sits mostly in the middle ranges, with lot size being its strongest feature.