51 Galinee Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1962-built home with 1,099 square feet of living space on a 6,720-square-foot lot. The standout feature is the lot: it ranks in the top 26% on the street, top 23% in the Westwood neighbourhood, and top 19% citywide in Winnipeg. That means the land is genuinely generous relative to what’s typical around it.
The living area, by contrast, is on the smaller side—below average for both the street and the neighbourhood, and right around average for the city. The assessed value of $347,000 follows a similar pattern: below the street and neighbourhood averages, but close to the citywide norm. The home’s age (1962) is typical for the area but older than the neighbourhood average of 1966, though it shares a common build era with many homes on the same street.
What’s interesting here is the trade-off. Buyers get a property with above-average land in a reasonably central Winnipeg neighbourhood, but the house itself is compact and unassuming. The appeal lies in potential—a larger lot often offers more flexibility for additions, landscaping, or eventual redevelopment. It’s also worth noting that Westwood is a stable, established area with mature trees and a mix of post-war homes, not a trendy up-and-coming pocket. That can appeal to buyers who value quiet consistency over short-term speculation.
This property would suit:
- Buyers looking for a smaller, lower-maintenance home who still want a generous yard
- Those open to renovation or expansion, with lot space to work with
- People who prefer a more modestly assessed home for lower property taxes, without sacrificing location
- Investors or buyers keeping an eye on land value in a steady neighbourhood
Five Possible FAQs
1. Is this a good price for the lot size?
The assessed value ($347,000) is below the street average of $377,100 and the neighbourhood average of $392,100. You’re essentially paying under the local norm for a home that sits on a lot above the local norm. Whether that makes it a "good deal" depends on the condition of the house and your plans for the land.
2. How does the living space compare to other homes nearby?
At 1,099 square feet, this is smaller than most comparable homes on the street (average 1,332 sqft) and in the neighbourhood (average 1,372 sqft). It’s not unusually small citywide, but if you’re used to open layouts or need multiple bedrooms of decent size, it may feel tight.
3. What’s the Westwood neighbourhood like?
Westwood is a mid-century residential area west of downtown Winnipeg, with a mix of bungalows and split-levels. It’s not a high-profile district, but it offers solid schools, parks, and easy access to main routes. The housing stock is consistent, which can mean fewer surprises but also fewer dramatic price jumps.
4. Would this property be suitable for a renovation or addition?
The lot size (6,720 sqft) is above average for the neighbourhood and city, which gives you more room to work with than many nearby properties. Local zoning and setbacks would need to be checked, but the land itself doesn’t feel cramped. If you’re considering an addition, you likely have more options here than on a typical 5,000-sqft lot.
5. Why is the assessed value lower than the street and neighbourhood averages?
The assessment reflects a combination of factors: the smaller living area, the 1962 build date (which may not have been updated significantly), and possibly fewer modern finishes compared to neighbours. The lot size helps, but it’s not enough to push the overall value higher. This can actually be a benefit if you’re looking for lower annual property taxes relative to the land you’re getting.