4 Frost Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,642 sqft home, built in 1966, sits on a 6,823 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is the land: the lot ranks in the top 20% on the street, top 21% in the neighbourhood, and top 18% citywide—meaning it offers genuinely generous outdoor space relative to comparable homes. The assessed value of $476,000 also leads the area, ranking in the top 11% of Westwood and top 30% on Frost Avenue. Living area is above average but not exceptional, ranking top 16% locally. The year built is typical for the neighbourhood.
The appeal here is subtle but practical. A buyer gets more land than most nearby homes without paying for a larger house they don’t need. That makes it a strong fit for someone who values yard space—gardeners, families with children or pets, or anyone wanting room for a future extension, workshop, or garage. It also suits buyers looking for solid value in a stable mid-century neighbourhood, with assessed value punching above the street average. Less obvious: homes on above-average lots in established areas tend to hold value differently—future buyers may pay a premium for the land, not the house. That’s worth considering if resale is a factor.
Five Frequently Asked Questions
1. How does this home compare to others nearby?
On Frost Avenue, it ranks #6 of 20 for assessed value (top 30%) and #4 of 20 for land area (top 20%). Living area and year built are around average for the street. In the broader Westwood neighbourhood, it’s in the top 11% for value and top 16% for living area.
2. Is the assessed value accurate, and does it reflect market price?
Assessed value is a benchmark set by the city for tax purposes, not a market valuation. At $476,000, it’s above the street average ($429,200) and neighbourhood average ($392,100). That suggests the property is already valued higher than many around it, but market price can differ based on condition, upgrades, and demand.
3. What does “comparable homes” mean in these rankings?
The city defines comparable homes by similar characteristics (likely age, type, and location). The rankings show how this property performs against that specific group—not all homes in the area. The “avg” figure is a rough median within each scope.
4. Would this home be a good investment?
Land tends to appreciate more reliably than structures in the long run. With a lot size in the top 18% citywide, the land component is strong. The house itself is from 1966, so updates may be needed depending on your standards. The assessed value already suggests the market recognizes it as above average.
5. How does the neighbourhood map analysis help?
It lets you see detailed comparisons of year built, living area, assessed value, and lot size for nearby homes on a map. That can help you understand whether this property is an outlier in its immediate vicinity or part of a consistent pattern. Access it via the neighbourhood analysis page link in the property details.