63 Canoe Bay – Property Summary
Key Characteristics & Buyer Profile
This 1967 bungalow offers 1,312 square feet of living space on a 6,466-square-foot lot. It sits on Canoe Bay in Westwood, a Winnipeg neighbourhood. The home’s standout feature is its land: the lot ranks in the top 19% on the street and top 23% city-wide, meaning it’s noticeably larger than many comparable properties. The living area also holds up well—top 19% on the street—though the assessed value of $348,000 is slightly below the neighbourhood average, suggesting the price may not fully reflect the size advantages.
The house itself was built in 1967, placing it among the older homes on the block (top 8% by year), but this also means it likely has original bones that could appeal to buyers looking for solid construction or a renovation opportunity. The appeal here is twofold: for someone wanting yard space in an established area, this lot offers breathing room that newer subdivisions often lack. For an investor or flipper, the gap between property size and assessed value hints at potential upside.
This property would suit buyers who value outdoor space over a fully updated interior, or those comfortable with a project. It’s less ideal for someone seeking a turnkey home in a trendy pocket—the value ranking (bottom half city-wide) reflects that the price is modest, but so is the neighbourhood’s current cachet.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The property’s assessed value of $348,000 is below the Westwood neighbourhood average of $392,100 and the city-wide average of $390,100. On its own street, it ranks 21st out of 37 homes. This doesn’t necessarily mean it’s overpriced—it may reflect the home’s age or condition relative to others.
2. Is the lot size unusual for the area?
Yes, in a good way. At 6,466 square feet, the lot is larger than 77% of homes city-wide and 70% of homes in Westwood. On Canoe Bay, only six properties have more land. That’s a meaningful advantage if you want a garden, play area, or future expansion space.
3. What does “ranked” mean in the data?
Each ranking compares this home to similar properties (same street, neighbourhood, or city) based on a specific metric. For example, “top 19%” means this home outperforms 81% of comparable homes on that street. The “Avg” figure is a rough median for that group—not necessarily the exact midpoint, but a useful benchmark.
4. How old is the home, and should I expect maintenance issues?
Built in 1967, the house is 57 years old. Among homes on Canoe Bay, only three are newer. Age isn’t a red flag by itself—1960s construction can be solid—but you should budget for updates to systems (roof, furnace, windows, electrical) unless the seller has already addressed them. The low assessed value relative to the street average suggests it may not have been recently renovated.
5. What’s the quickest way to compare this house to others in the area?
The property detail page includes a link to a neighbourhood map analysis. That tool lets you view nearby homes side-by-side, comparing lot size, living area, year built, and assessed value. It’s more helpful than raw rankings alone because you can see where the property sits in relation to actual neighbours.