462 Rouge Road – Property Summary
Key Characteristics & Buyer Profile
This 1,482 sqft home built in 1964 sits on a 5,299 sqft lot in Winnipeg's Westwood neighbourhood. The property's strongest feature is its living area, which ranks in the top 18% on the street and top 29% in the neighbourhood—meaning it offers noticeably more interior space than many nearby homes. The assessed value of $345,000 sits around average for the street and slightly below the neighbourhood average of $392,100, which reflects both the home's above-average size and its below-average lot size.
The lot is where this property diverges from neighbours. At 5,299 sqft, it ranks in the bottom 28% on the street and bottom 18% in Westwood. Buyers who value indoor square footage over yard space will find this trade-off appealing. The home also dates to 1964, which is consistent with much of the area—neither notably old nor new for the neighbourhood.
Who this suits: Buyers who want more living space than typical for the price point in Westwood, and who are comfortable with a smaller lot. It may appeal to families needing room inside, or to someone looking for a home with reasonable value relative to the neighbourhood average. It's less suited to buyers prioritizing outdoor space or a larger property footprint.
Five Possible FAQs
1. How does this home's assessed value compare to others nearby?
The assessed value of $345,000 is slightly below the street average of $351,500 and noticeably below the Westwood neighbourhood average of $392,100. Citywide, it ranks near the middle. The lower assessment likely reflects the smaller lot size more than the condition of the home itself.
2. Is the lot size considered small for the area?
Yes. At 5,299 sqft, the lot is smaller than most on the street (where the average is 5,481 sqft) and significantly smaller than the Westwood neighbourhood average of 6,491 sqft. Buyers coming from areas with larger city lots may find this noticeable, but it's not uncommon within older Winnipeg neighbourhoods.
3. What does "taon ng paggawa" mean, and why does it matter?
It's Filipino for "year built." The home was constructed in 1964, which aligns closely with the street and neighbourhood averages (both 1966). This means the home is of a similar vintage to its neighbours, which can be useful for comparing maintenance needs, insulation standards, and renovation potential.
4. Does a higher living area rank mean the home is a good deal?
It can suggest good value if the assessed price reflects the interior space fairly. Here, the home offers above-average living area at a below-average assessed value compared to the neighbourhood. That gap—more space for less money—is what makes this property stand out, especially for buyers focused on square footage.
5. What's the neighborhood like in terms of property comparisons?
Westwood is a mixed area with a wide range of lot sizes and home values. This property sits near the middle of the pack for assessed value citywide but below the neighbourhood average, partly due to its smaller lot. The home is older but not unusually so for the area. Buyers should expect a typical post-war Winnipeg neighbourhood with established trees and a mix of original and updated homes.