47 Bering Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,359 sqft bungalow built in 1965 sits on a 6,193 sqft lot in Winnipeg’s Westwood neighbourhood. Its strongest feature is the land: the lot is larger than 73% of properties citywide and ranks 6th out of 26 homes on the street. The assessed value of $399,000 is above the street average (top 19%), but roughly in line with the neighbourhood and city medians—meaning you’re paying a premium for the lot, not the house itself. The living area is slightly below the street average but still competitive citywide.
The home’s appeal lies in its balance: a solid post-war build on a generous lot in a stable, established area. It would suit buyers who prioritize outdoor space or future expansion potential over a turnkey interior. Because the house is older (the oldest on the street by a small margin), it may require updates, but the land value offers strong long-term holding power. This is not a flashy property—it’s a practical option for someone willing to invest sweat equity or hold for land appreciation in a mature neighbourhood.
Five FAQs
1. How does this home compare to others on Bering Avenue?
It has the oldest construction on the street (1965 vs. 1964 average), but also the highest assessed value. The lot is above average, and the living area is about average. In short, you get more land for a slightly older house—a common trade-off in established areas.
2. Is the assessed value a reliable guide to market price?
The $399,000 assessment is above the street average, but assessments can lag behind market conditions. It’s a good baseline, but check recent sales on similar-sized lots in Westwood to see if the premium is justified by current demand.
3. What’s the neighbourhood like for families or retirees?
Westwood is a mid-century suburban area with mature trees, schools, and parks. It’s not a trendy, walkable hub, but it’s quiet and well-connected by car. The lot size (6,193 sqft) is generous enough for gardens, a playset, or a future garage addition—features that appeal to families who want room to grow.
4. Should I be concerned about the home’s age (1965)?
Age is a double-edged sword. The structure is likely solid (post-war builds tend to be), but you should expect older systems (furnace, roof, windows) unless recently updated. The upside is that the house is priced for its age, and the lot makes it a good candidate for a renovation or even a rebuild down the line.
5. How does this property stack up citywide?
It’s solidly average for living area (top 38%) and above average for land (top 27%) and assessed value (top 39%). The year built is right on the city median. This is a middle-of-the-pack property with a land advantage—not a standout, but a reliable, no-surprises option in a resale-driven market.