55 Galinee Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 2,076 sqft home on a 6,415 sqft lot, built in 1962, with an assessed value of $463,000. Its standout feature is size. On its own street (Galinee Bay), it ranks #1 for living area, outperforming 97% of comparable homes. The neighbourhood average is 1,332 sqft; this home offers more than 700 extra square feet. It also ranks #2 in assessed value on the same street, at $463k versus a street average of $377k.
The lot is slightly smaller than the street average—6,415 sqft versus 6,817—but still lands in the top 31% for the neighbourhood and top 23% citywide. That means you get a spacious house without an oversized yard to maintain. The year built (1962) is typical for the street but older than the surrounding neighbourhood average of 1966. This isn’t a freshly built home, but the assessed value suggests solid condition and desirability.
Where the appeal lies: The main draw is interior space that punches well above both the street and neighbourhood medians. For buyers who prioritize square footage over lot size or a newer build, this property represents strong relative value. The assessed value gap compared to the street also hints at potential equity growth if the market continues to favour larger homes.
Who it suits: Families or individuals who need generous indoor living space—multiple bedrooms, a large living area, room for a home office—and aren’t looking to spend on major renovations. It also suits buyers who want a home that already ranks well in its immediate market, rather than hoping for future improvements. Someone who values a quieter, established street (Galinee Bay ranks highly for both living area and value within a small peer group of 39 homes) will appreciate the stability.
Frequently Asked Questions
1. How does the property compare to other homes in Westwood?
It ranks in the top 5% for living area and top 13% for assessed value within a neighbourhood pool of 2,523 comparable homes. The lot size is around average for Westwood, and the year built is slightly older than the neighbourhood norm.
2. Is the assessed value of $463,000 realistic for this home?
It’s the second-highest on the street, well above the street average of $377k. Citywide, it sits in the top 26% of comparable homes. That suggests the assessment reflects a premium for size and location, not an outlier.
3. Why is the lot smaller than the street average?
The lot is 6,415 sqft, about 400 sqft less than the street average. This isn’t unusual for a home with more living area—it often means a larger footprint on a narrower or shallower lot. The ranking (top 79% on the street) confirms it’s below average, but still competitive neighbourhood-wide.
4. Does the 1962 build date mean the home needs significant updates?
Not necessarily. The assessed value being well above average suggests the home is in good condition relative to its peers. However, a home from 1962 may have older systems (plumbing, electrical, insulation) that aren’t reflected in the assessment. A buyer should factor in potential updates, even if the surface condition is strong.
5. How is the “rank” calculated, and should I trust it?
The rankings compare this home to other “comparable homes” within the same street, neighbourhood, and city. “Comparable” typically means similar property types (single-family detached, not condos). The rankings are based on raw data—living area, assessed value, year built, land area—and the bar fill shows what percentage of peers you outperform. They’re a useful benchmark, not a guarantee of future value. For a fuller picture, open the neighbourhood map analysis to see side-by-side comparisons with nearby houses.