Here is a clean, standalone summary of the property at 71 Belcourt Bay.
Key Characteristics & Who It Suits
This is a 1,238 sqft home built in 1966 on a 5,783 sqft lot in Winnipeg’s Westwood neighbourhood. Its defining feature is its location on Belcourt Bay itself. The property ranks in the top 10% for assessed value on its street and top 5% for year built, meaning it is both newer and more valuable than most of its immediate neighbours. The living area is also above average for the street.
The appeal here is a combination of a strong street-level position and a practical, unflashy layout. While the lot is on the smaller side relative to the street (ranking in the bottom 15%), and the assessed value is right around the citywide average, the home outperforms its immediate neighbours. This suggests a property that has likely been well-maintained or updated, sitting on a desirable cul-de-sac or bay where standards are higher than the surrounding area.
This home would suit a buyer who values a stable, upper-tier street within a middle-of-the-pack neighbourhood. It is ideal for someone who wants a solid, average-sized home that stands out on its own block rather than a large property or a showpiece home. It appeals to those who prioritize a quiet, local reputation over square footage and prefer a home that is likely competitive with its closest neighbours rather than the entire city.
Five Possible FAQs
1. Is this a good investment given the lot is smaller than others on the street?
It depends on your goal. The smaller lot is a trade-off for a home that ranks very high on the street for its construction year and assessed value. If you plan to hold long-term, you are buying one of the better-positioned homes on the block, not a fixer-upper, which often supports stable values. If you wanted to expand the house or build a large addition, the smaller lot might be a constraint.
2. How does the Westwood neighbourhood compare to the rest of Winnipeg?
Westwood sits in a middle tier. The home’s assessed value is ranked in the top 35% of the neighbourhood, and the living area is around the median. Citywide, both the value and size are close to average. This means you are buying into a standard, established area without premium citywide pricing, but you are getting a home that is slightly above average for the immediate street.
3. Does “built in 1966” mean major renovations are likely needed?
Not necessarily, but you should check. The home was built in 1966, which is newer than 95% of the homes on Belcourt Bay (many are 1965 or older). While the construction year is a positive relative to the street, 1966 is not recent. You should expect original mechanical systems (furnace, roof, windows) may need updating unless the seller has receipts showing recent work.
4. How does the assessed value of $390k compare to what I would pay?
The assessed value ($390k) is a benchmark and is slightly below the Westwood neighbourhood average. It is above the average for the street. This suggests the home is valued strongly for its block but is not overvalued compared to the broader area. In a stable market, the sale price often lands near this figure, but it is not a direct guarantee.
5. Is this a quiet street?
Yes, likely. It is a “bay,” which in most Winnipeg neighbourhoods means a short, low-traffic street. Combined with the fact that most homes on the street are from the 1960s and the lot is not oversized, it points to a mature, settled block. It is not a main thoroughfare, so through traffic should be minimal.