500 Seaton Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,328 sqft single-family home built in 1985, sitting on a 5,127 sqft lot in the Westwood neighbourhood of Winnipeg. What stands out most is the home's age relative to its surroundings. Built in 1985, it is significantly newer than the typical home on Seaton Street (average build year 1968) and ranks in the top 2% of Westwood by construction year. For buyers who want a more modern structure without moving into a newly built subdivision, this is a rare find in an established area.
The living space is generous—well above the street average of 1,112 sqft, and competitive with city-wide norms. The assessed value of $397,000 sits slightly above the street average but right in line with the broader Westwood and Winnipeg averages, suggesting the price reflects the home's condition and size without being inflated by location scarcity. The lot, however, is on the smaller side for the neighbourhood, which may appeal to buyers who want less yard maintenance but still a usable outdoor space.
This property would suit a buyer who values a newer home in a mature, built-out neighbourhood—perhaps someone trading up from a condo or looking for a solid family home without the premium of a brand-new development. It may also appeal to someone who prioritises interior square footage over a large yard, or who wants to avoid the character-home quirks common in older Winnipeg properties.
Five Frequently Asked Questions
1. How does this home compare to others on Seaton Street?
It ranks 11th out of 54 homes for living area (top 20%), 10th for assessed value, and 7th for newer construction. The lot is slightly below the street average, ranking 34th. So it's a strong performer on size and modernity, but not on land.
2. Is the assessed value of $397,000 a fair estimate of market price?
Assessment data suggests it's in line with both the community and city averages. However, assessed value and market price can differ. It's best to check recent sale comparables in Westwood, especially homes built after 1980, to gauge actual market expectations.
3. Why is the lot size considered below average for the area?
Westwood lots average 6,491 sqft, and this one is 5,127 sqft. That's about 21% smaller than the neighbourhood norm. It's still a standard city lot, but buyers coming from newer subdivisions with larger plots may find it compact.
4. What does "top 2% in Westwood for construction year" actually mean?
Out of 2,523 homes in the community, only 55 are newer than this one. Most Westwood homes were built in the mid-1960s, so this property is roughly 20 years newer than the typical home in the area. That can mean fewer updates needed in the near term, particularly for major systems like roofing, electrical, and insulation.
5. Is this a good option for someone who wants low-maintenance outdoor space?
Yes, reasonably. The smaller-than-average lot means less grass to cut and less snow to clear, but it's still a standalone house with a yard, not a townhouse or condo. If you want minimal yard work but don't want shared walls, this is a practical middle ground.