Key Characteristics & Appeal
This 1,114 sqft bungalow, built in 1962, sits on a 6,464 sqft lot in Winnipeg’s Westwood neighbourhood. Its main strength is the lot: it’s larger than most in the community (top 30%) and well above the city average for its type (top 23%). The living space is on the smaller side for the area, ranking near the bottom of the street, but the assessed value of $385,000 is above the street average and sits close to both the neighbourhood and city medians. That suggests the property’s value is supported more by the land than the building itself.
The appeal lies in its potential. For a buyer who values outdoor space or is open to a renovation or expansion, this is a property where the land offers better returns than the house alone. The home is livable as-is but dated, which may deter someone looking for a move-in-ready, modern floor plan. It would best suit a hands-on homeowner, a small-scale investor, or someone wanting to get into a stable, mid-value neighbourhood with room to improve. The proximity to city-average valuations also suggests it’s fairly priced within the broader market, not inflated by local hype or a tight lot premium.
Possible FAQs
1. How does the size of this home compare to others on the street?
It’s one of the smaller houses on Thackeray Avenue—16th out of 18 homes. The average living area on the street is about 1,191 sqft, so this is roughly 80 sqft below that.
2. Is the assessed value high for what you get?
Not particularly. At $385,000, it’s above the street average but nearly identical to the citywide median for similar properties. Given the larger-than-average lot, the value is fairly reasonable for the land alone.
3. What’s the lot like, and is that unusual for the neighbourhood?
The lot is 6,464 sqft, which is slightly above average for Westwood and well above the city median. It’s a standard, practical size for a bungalow lot—not oversized, but enough to offer more yard space than many neighbouring homes.
4. Is the house old enough to worry about major repairs?
Built in 1962, it’s older than the neighbourhood average (1966) but on par with a lot of post-war housing in Winnipeg. Systems like electrical, plumbing, and the roof would likely need attention or have already been updated—worth confirming, but not unusual for a home of this era.
5. Who typically buys a property like this?
Buyers who see potential rather than perfection. It works well for someone planning a renovation, a family wanting a generous yard without paying for a larger house, or an investor looking for a value-add in a stable, mid-range market. It’s less suited to someone wanting a finished, turnkey home at this price point.