43 Trigwell Bay – Property Summary
Key Characteristics, Appeal & Suitability
This is a 1,192-square-foot home built in 1969 on a 5,396-square-foot lot, located in the Westwood area of Winnipeg. While the living area and lot size rank lower than the street average (44th percentile for living area, 89th for lot size), the home itself is one of the newer builds on Trigwell Bay—ranking 6th percentile for year built, meaning it was constructed more recently than most of its immediate neighbours.
Where the property stands out is relative value. The assessed value of $344,000 is notably below the street average ($382,700) and below the neighbourhood average ($392,100), both at the lower end of the percentile rankings (89th on street level). This suggests the home may offer a lower entry point compared to nearby homes with similar square footage, which could appeal to buyers who prioritize affordability over yard size or who are less concerned with being in the most prime lot position within the street context.
The home would suit a buyer who wants a solidly built, reasonably modern home (relative to the street) in an established neighbourhood, but who is willing to accept a smaller lot and potentially a more modest finish or updating project in exchange for a below-market assessed value. It may also appeal to investors or first-time buyers looking for a property with room to improve equity, particularly if renovations can close the gap between assessed value and the higher neighbourhood averages.
Five Possible FAQs
1. How does the lot size compare to other homes in the area?
The lot is 5,396 sqft, which is below average for both the street (6,437 sqft average) and the neighbourhood (6,491 sqft average). It ranks in the 89th percentile on the street—meaning most nearby lots are larger—but it's closer to the citywide average.
2. Is this home considered older or newer compared to surrounding houses?
The home was built in 1969, which makes it one of the newer homes on Trigwell Bay (ranked 1 out of 18, or 6th percentile). It's also newer than the neighbourhood average (1966). So while it's not a recent build, it's relatively fresh within this immediate area.
3. Why is the assessed value lower than the neighbourhood average?
The assessed value of $344,000 is below the street average ($382,700) and neighbourhood average ($392,100). This could reflect a combination of factors such as the smaller lot size, the home’s square footage being slightly below the street average (1,276 sqft), or possible need for updates. It doesn't necessarily indicate poor condition—but buyers should verify via an inspection.
4. What does "ranked #16 out of 18" mean for lot size?
It means that on Trigwell Bay, only two homes have a smaller lot than this property. The ranking is relative to the 18 comparable homes on the street, and a lower rank (higher percentile number) means the lot is on the smaller end. The same logic applies to all the percentile rankings in the data.
5. Is this property a good candidate for renovation or value-add?
Potentially. The assessed value being well below both the street and neighbourhood averages suggests there may be room to increase value through improvements—particularly if the home's interior or systems are dated. However, the smaller lot limits expansion options. A buyer should weigh the cost of upgrades against the ceiling imposed by the lot size and street context.