Property Overview & Appeal
This well-situated Westwood home, built in 1962, offers a practical and established living environment. Its key characteristic is a renovated basement, adding valuable finished space to the 1,110 sqft main floor. The property sits on a generous 5,643 sqft lot, which is notably larger than many in the immediate area, providing ample outdoor space. Its appeal lies in this combination of updated interior space and a sizable, private yard—a balance that can be hard to find. The detached garage adds functional storage or workshop potential.
The home would suit a first-time buyer or a downsizer looking for a manageable, single-storey layout in a mature neighbourhood without a major renovation project. It also appeals to a value-conscious buyer who prioritizes lot size over a newer build, seeing the potential in the land and the already-completed basement renovation. A less obvious perspective is that, while the home's assessed value is modest, the renovated basement and larger lot position it as a property with inherent "floor value" and room to grow, especially when compared to nearby homes on smaller parcels.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 5,643 sqft lot is a standout feature, ranking in the top 14% for size on its own street. This means it offers more private outdoor space than most direct neighbours.
2. Is the home older than others in the area?
Built in 1962, it is slightly older than the median for the wider Westwood neighbourhood, placing it in the top 80% (meaning 80% of area homes are newer). However, it is very typical for the street itself, where it ranks in the top 16% for being newer among its immediate peers.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and nature of the living space added.
4. How does its assessed value relate to its asking price?
The assessed value is listed at $32,900. It is crucial to note that municipal assessed value for taxation purposes is often significantly lower than current market value. The "For Reference" comparable properties show market values ranging much higher, indicating the assessment is not a guide for the selling price.
5. What is the neighbourhood like for amenities and convenience?
The home is in Westwood, a long-established Winnipeg neighbourhood. Its appeal often includes mature tree-lined streets, proximity to major routes, and access to local schools, parks, and shopping in nearby areas like Crestview, as seen in the comparable listings.