Key Characteristics and Buyer Profile
This 1,693 sqft home on Magellan Bay sits on a 6,488 sqft lot and was built in 1964. It’s notably larger than most comparable properties in its immediate neighbourhood and across Winnipeg, ranking in the top 14% for living space within the Westwood community. The assessed value, at $426,000, is comfortably above the street and community averages but only close to the citywide median, suggesting the premium here is tied to square footage rather than an inflated price point.
The appeal lies in the combination of above-average interior space with a lot size that, while slightly smaller than others on the same street, remains competitive against the broader community and city benchmarks. It’s a solid, well-established property from the mid-1960s—a vintage typical of the area—that offers more room than most without the premium of a newer build or an oversized yard. This home would suit buyers who prioritise living area and interior comfort over land size or architectural novelty. It’s a practical choice for a family or someone who values generous indoor proportions in a settled neighbourhood where the housing stock is consistent and well-regarded.
Five Possible FAQs
1. How does the property’s size compare to others nearby?
The home is larger than average on its street, in its community, and across the city. It ranks 5th out of 38 homes on Magellan Bay for living area, placing it in the top 13% locally. The lot is slightly below the street average but still above the Westwood and city averages.
2. Is the assessed value fair relative to the area?
The assessed value of $426,000 is above the Westwood community average of $392,000 and the street average of $389,000. It’s close to the citywide mean, so the valuation reflects the home’s above-average size rather than an out-of-line market premium. It ranks in the top 21% locally and top 33% citywide.
3. What does the 1964 build year mean for maintenance or character?
The home is slightly newer than the street average (1961) but close to the community and city medians (both 1966). That puts it in line with many mid-century constructions in Winnipeg. Buyers should expect finishes and systems typical of the era, but the ranking suggests it’s not unusually old for its location.
4. How does the lot size affect the property’s usability?
At 6,488 sqft, the lot is smaller than others on Magellan Bay (average 6,974 sqft) but larger than the citywide average. It may not offer the deepest backyard on the street, but it’s still a respectable suburban lot that is competitive within Westwood. For buyers focused on indoor space, this trade-off is likely acceptable.
5. Is this home a good investment relative to others in the neighbourhood?
The property performs well in size and value rankings without being an outlier. It offers above-average living space at a moderate assessed value, which can indicate stable long-term value. The land-to-building ratio is less extreme than some neighbouring properties, which might appeal to buyers who prefer a more balanced asset rather than paying a premium for land alone.