Here is a summary of the property at 508 Seaton Street, organized into two main sections.
Key Characteristics & Buyer Profile
This is a 1969-built home with 1,112 sq. ft. of living space on a notably large 6,410 sq. ft. lot. Its strongest asset is the lot size, which ranks in the top 15% on Seaton Street and top 23% citywide. This suggests the property offers outdoor space or yard potential that is genuinely uncommon for the area, especially relative to its modest interior footprint.
The home itself sits in a middle ground. Its assessed value of $313k is below the neighbourhood average for Westwood, but roughly in line with street-level and citywide norms. This combination of a smaller, older house on a large lot often appeals to buyers who see renovation potential or are willing to trade interior square footage for private outdoor room. The year built (1969) places it slightly newer than the neighbourhood median, which may signal more modern construction bones than some nearby 1960s-era homes, but it is not a recent build.
The property would suit a buyer who prioritises land and outdoor use over a large or finished interior. It is a practical fit for someone looking to get into a stable, middle-aged Winnipeg neighbourhood without paying a premium for a fully renovated house. It is less suited for someone seeking a move-in-ready, spacious interior or a home that ranks high in local assessed value.
Five Possible FAQs
1. How does the lot size actually compare to other homes here?
This lot is about 900 sq. ft. larger than the average for homes on Seaton Street and slightly larger than the typical lot in Westwood. Citywide, it still falls in the top quarter of lot sizes, meaning the outdoor space is a real differentiator, not a marginal difference.
2. Is this home priced below the neighbourhood average? Why?
Yes. The assessed value is roughly $79k below the Westwood neighbourhood average. This is primarily because the living area is smaller than the neighbourhood norm, and the home is not newer or recently upgraded enough to command a higher valuation. The larger lot does not fully offset the smaller house in the assessment.
3. What does the rank 'top 93%' in neighbourhood value mean?
It means the assessed value ranks #2,354 out of 2,523 homes in Westwood. In plain terms, it is in the lower 7% of home values in the neighbourhood. This is not a negative mark on the property itself, but an honest signal that it is priced well below most of its neighbours, which could represent potential for value-add over time.
4. How does the age of this home compare to others in Westwood?
The home was built in 1969. It ranks in the top 8% in Westwood for newer construction, meaning most homes in the area are older (typically mid-1960s or earlier). While not a modern build, it is newer than the vast majority of houses in the immediate neighbourhood.
5. Is the 'average' ranking on living space a concern?
It depends on your needs. On the street and citywide, the 1,112 sq. ft. is right around average. However, it is significantly smaller than the Westwood neighbourhood average of 1,372 sq. ft. This means the home is not small for its street, but it is small for its broader neighbourhood. Buyers should compare it to homes on Seaton Street itself, not just the whole neighbourhood.