Property Summary
Key Characteristics & Buyer Profile
This is a 1,478 sqft home on a 5,663 sqft lot, built in 1967, located in the Westwood area of Winnipeg. Its appeal lies primarily in the value of the structure and its position relative to the local market. While the lot size (31st out of 32 on the street) and build year (30th out of 32) are modest compared to immediate neighbours, the property’s assessed value of $489,000 ranks it 3rd on the street and in the top 9% of both the street and the wider Westwood community. This suggests a well-maintained or updated home that holds its value strongly within its immediate context, even without the largest yard or newest construction. It would suit a buyer who prioritizes interior space and a solid, established home in a desirable neighborhood over having the largest private outdoor area or the most modern build. It is best for someone who wants good square footage in a competitive local market and is willing to trade a smaller-than-average lot for a home that punches above its weight financially.
Five Possible FAQs
1. How does this property compare to others on Shakespeare Bay?
On its street, the home ranks very high for assessed value (top 9%) but lower for land size (bottom 3%) and build year (bottom 6%). Its living area is roughly average for the block.
2. Is the small lot a disadvantage in this area?
Yes, relative to immediate neighbours on Shakespeare Bay, the lot is notably smaller. However, when compared across the entire Westwood community and the rest of Winnipeg, it is close to the average lot size for comparable homes.
3. Why is the assessed value so high if the house is older and on a small lot?
The high valuation likely reflects a well-kept interior, recent renovations, or desirable layouts. The data shows the structure’s value is competitive; the land itself is not the main driver of the property’s price.
4. Is this a good fit for someone looking for a modern home?
Not particularly. Built in 1967, it is one of the older homes on its street. Buyers should expect a property that may need updates unless it has been already modernized.
5. How does the living space stack up city-wide?
The 1,478 sqft layout places it in the top 32% of comparable homes across all of Winnipeg, meaning it offers a solid, above-average amount of interior living space for the city.