51 Keats Way – Property Overview

Key Characteristics & Buyer Profile

This 1965-built home on Keats Way offers 1,078 square feet of living space on a 6,227-square-foot lot. While the living area falls below the averages for both its street (1,294 sq ft) and the broader Westwood neighbourhood (1,372 sq ft), the property holds a notably strong assessed value of $402,000—ranking 5th out of 33 homes on the same street and well above the street’s average of $372,000. The land size is close to the neighbourhood norm, and the home’s 1965 build year is slightly newer than many nearby properties.

The appeal here lies in value recognition: the assessed value suggests the property is punching above its weight in terms of lot desirability or location within the street. Buyers get a slightly smaller interior footprint but a home that holds its value relative to neighbours. This would suit someone looking for a solid entry into the Westwood area who values land position and tax assessment strength over maximum square footage. It may also appeal to buyers planning renovations, since the lot is generous enough to potentially expand the footprint, and the existing value suggests underlying market confidence in the location.

Five Possible FAQs

1. How does this property’s size compare to others nearby?
The living area is below average on Keats Way (ranked 26th out of 33) and in Westwood (2,127th out of 2,523). The lot size, however, is close to the street average and slightly above the city-wide average, so the outdoor space is relatively generous.

2. Is the assessed price a good sign?
Yes. At $402,000, it’s above both the street and neighbourhood averages, and ranks in the top 15% on Keats Way. This suggests the market values the property more than its floor plan alone would predict—likely due to the lot or location.

3. What year was the house built, and is that a concern?
Built in 1965, which is typical for the area. The street’s average build year is also 1965, so you’re not buying something significantly older or newer than your neighbours. Many homes in Westwood from this era are well constructed, but standard maintenance and updates should be expected.

4. How reliable are the rankings and percentiles shown?
The data is based on comparable single-family homes within the same street, neighbourhood (Westwood), and city (Winnipeg). Rankings are straightforward: higher is better for size and value. The progress bars visually show where the property lands relative to everyone else, using a red-to-blue scale.

5. Could I add square footage to this house in the future?
The lot is 6,227 sq ft, which is close to the street average and above the city average for single-family homes. While zoning and permits would need to be checked, the lot size doesn’t seem to be restricting. Neighbouring homes with similar lots have potential for expansion, and the lower living area relative to the land could make renovation more feasible.