51 Henday Bay – Property Summary
Key Characteristics & Buyer Profile
This 1962 home offers 1,426 square feet of living space on a 7,021-square-foot lot. The assessed value is $434,000. What stands out here is not the size of the house itself—it's slightly above average for the street but roughly typical for the neighborhood and city—but the land and the value relative to what you're getting.
The lot is genuinely large. It ranks in the top 13% on the street, top 18% in Westwood, and top 17% citywide. That's the strongest metric across the board. The assessed value is also noticeably strong on the street level (top 8%) and neighborhood level (top 19%), suggesting this property is already positioned well in terms of equity relative to nearby homes. The year built (1962) is slightly older than the neighborhood average (1966), which is something to be aware of in terms of maintenance, but it's not unusual for established areas.
The appeal here is for buyers who want more outdoor space without moving to a fringe area, and who see a slightly older home as an opportunity rather than a drawback. It could suit someone looking for a solid family home in a settled neighbourhood, or a buyer who values lot size and is willing to invest in updates over time. It's less suited for someone seeking a turnkey newer build or a compact, low-maintenance property.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
It's above average for the street (ranked 10th out of 40) and around average for Westwood and Winnipeg overall. So you're getting decent interior space for the area, but nothing exceptional.
2. The assessed value seems high for a 1960s home. What's driving that?
Mostly the land. The lot is over 7,000 square feet, which places it well above typical sizes in the neighbourhood and city. The assessed value reflects that land component, not just the structure.
3. Is the age of the home a concern?
It's older than many homes in Westwood (by about 4 years on average), but not dramatically so. The key is to check for updates to major systems—roof, mechanicals, windows—which may or may not have been done. The age itself isn't unusual for the area.
4. Where does this property rank best, and where is it weakest?
Strongest: lot size (top 13% on the street, top 17% citywide) and assessed value (top 8% on the street). Weakest: year built is below average for Westwood (top 80%, meaning 80% of homes are newer). Living area is average.
5. Who would this home not be right for?
Buyers looking for a recently built home with minimal upkeep, or those who want a compact lot with less yard work. Also less ideal for someone who needs a top-ranked school catchment (not addressed in this data, but worth confirming separately).