72 Erlandson Drive – Property Summary

Key Characteristics & Buyer Profile

This is a 2,003 sqft home on a 5,982 sqft lot, built in 1969. Its standout feature is size. The living area ranks #1 on its street (top 3%) and sits well above the neighborhood and city medians. The assessed value of $434k is strong for the street (top 11%) but only around average city-wide, which suggests the home offers above-average space without a premium price tag. The lot is slightly smaller than the street and neighborhood averages, though still typical for the area. The year built is solidly mid-century, slightly newer than nearby homes.

The appeal is straightforward: you get a notably spacious home in an established Westwood neighborhood without paying a premium for a larger lot or a newer build. The value lies in square footage, not land. This would suit buyers who prioritize interior room—whether for a growing family, home office needs, or frequent entertaining—and are comfortable with a 1960s-era home that likely needs some updating (or has already been updated). It’s less suited for someone wanting a large yard or a turn-key modern finish.

FAQs

1. How does this home compare to others on the street in terms of overall value?
It has the largest living area on the street (#1) and the fourth-highest assessed value (#4). This means you’re getting significantly more space than neighbors, but the value gap isn’t as wide—several homes are assessed close to $434k despite being smaller. The lot is middle-of-the-pack, so the premium is mostly in the house itself.

2. Is the assessed value of $434k a reliable estimate of market price?
Assessed value is a city valuation used for property taxes, not necessarily market price. In competitive markets, homes often sell above assessed value—especially ones with standout square footage. But this home’s assessment is around average city-wide, so it may not reflect a hot market premium. A local realtor’s CMA (comparative market analysis) would give a better picture.

3. How common are homes this size in Westwood?
Not very common. Ranked #150 out of 2,523 properties in the neighborhood (top 6%), this is well above the neighborhood average of 1,372 sqft. Larger homes do exist, but they’re the minority. If interior space is a priority, this is a standout in the area.

4. What should I look for in a 1969-built home?
Homes of this era often have original electrical systems, plumbing, insulation, and windows that may need updating. The roof and furnace age are also worth checking. That said, 1969 is newer than much of Westwood (many homes are early 1960s), so it may have been built with slightly better standards. Look for any renovation records that might have modernized key systems.

5. Is the smaller-than-average lot a drawback?
It depends on your priorities. At 5,982 sqft, the lot is typical for Winnipeg overall but slightly below the street and neighborhood averages. If gardening, outdoor space, or expansion potential are important, you might feel constrained. But if you value a manageable yard and a larger house footprint, this trade-off is likely acceptable—and many buyers in this segment prefer less outdoor maintenance.