53 Galinee Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,248-square-foot home built in 1962, sitting on a 6,619-square-foot lot in Winnipeg’s Westwood neighbourhood. The assessed value is $366,000.
What stands out here is the land. The lot is above average for both the neighbourhood (top 26%) and the city (top 20%). That’s uncommon for a home of this size and age—most properties with generous lots in this bracket have been redeveloped or are priced higher. The house itself is slightly smaller than the street average (1,332 sqft) and a bit older than the neighbourhood norm (1966), but it’s not an outlier. It ranks around the middle for assessed value, meaning it’s not overpriced relative to its street or area.
The appeal is straightforward: you’re getting more land than most comparable homes, in a stable, mid-range neighbourhood, without paying a premium for it. This would suit buyers who value outdoor space or future potential—someone looking to garden, add a garage, or possibly expand down the line. It’s less suited to someone who needs maximum interior square footage right away, or who wants a newer, move-in-ready property with no compromises. The house is from 1962, so expect original features and the maintenance that comes with a home of that era.
Five Possible FAQs
1. How does the property compare to others on the same street?
It’s slightly smaller in living area than average, and its assessed value is a bit below the street median. But it’s among the older homes on the street (top 26% for year built), and its lot size is around the middle. So it’s not the standout on the block, but it’s not an outlier either.
2. Is the assessed value realistic for what you get?
Yes. It sits just below the street and neighbourhood averages. Given the larger lot and average condition of a 1960s home, the value seems fair—not a bargain, but not inflated.
3. What’s the condition like, given the year built?
The home was built in 1962, so it’s over 60 years old. No inspection data is provided here, but that age typically means original electrical, plumbing, and insulation unless updated. Buyers should budget for potential upgrades, especially if the home hasn’t been renovated recently.
4. How usable is the 6,619-square-foot lot?
It’s above average for the neighbourhood and city, which is notable. A lot that size is large enough for a decent backyard, possibly a detached garage or workshop, and some garden space. It’s not oversized for the area, so it won’t feel like a maintenance burden, but it gives you room to work with.
5. Who is this property not a good fit for?
It’s probably not ideal for someone who wants a modern, low-maintenance home or who needs a lot of interior space right now. If you’re looking for something turnkey or a newer build, you’d likely be paying more for less land elsewhere. This property leans toward buyers who see the land as the primary asset.