138 Hammond Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1966-built home with 800 square feet of living space on a 5,500-square-foot lot, assessed at $270,000. What stands out immediately is the disconnect between its street-level ranking and its broader value. On Hammond Road, the home ranks in the bottom 1% for assessed value and among the oldest homes on the block—yet its assessed value is only about 20% below the street average, suggesting the street itself carries higher-priced, newer stock rather than this home being dramatically underpriced. The living area is also well below street and city averages, but the lot size is slightly larger than the neighborhood average, which is less common for an older home in Westdale.

The appeal here is less about turnkey perfection and more about potential. For buyers who are comfortable with a smaller footprint and an older structure, this property offers a lower entry point into a neighborhood where most comparable homes are both larger and more expensive. The lot size is competitive within the area, which could matter for future expansion or yard space. It would suit first-time buyers looking for affordability in an established neighborhood, or investors interested in a renovation play—particularly if the land value rises relative to the structure. It's less suited for someone seeking modern finishes, generous square footage, or a home that will immediately compete with neighboring properties on paper.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on the street, but only average in the neighborhood?
The street itself has a higher average assessed value ($337K) than the neighborhood ($307K). So while this home ranks near the bottom of its street, it's actually close to the middle of the broader Westdale area. This suggests the street has a cluster of more expensive homes, but the neighborhood overall is more mixed.

2. Is the smaller living area a dealbreaker for resale?
Not necessarily. At 800 sqft, it's below the city average for comparable homes (1,342 sqft), but land area and location often matter more in older neighborhoods. Many buyers in Westdale prioritize lot size and proximity to amenities over interior square footage, especially if they plan to renovate or build.

3. How does the year built (1966) affect maintenance expectations?
The home is older than most on its street and in the neighborhood, but right at the citywide average. A 1966 build typically means original systems (plumbing, electrical, HVAC) may need updating, but the structure itself is common for the era—often solid if well-maintained. It's worth getting a thorough inspection focused on foundations, roofing, and insulation.

4. Is the lot size actually a selling point here?
Yes, in context. The lot is 5,500 sqft, which is below the street average (6,075 sqft) but above the neighborhood average (5,168 sqft). Given that the home itself is small, the lot offers more outdoor space than many nearby homes. That could be attractive for gardening, additions, or simply having a decent yard in a dense area.

5. How does this home compare to others in Winnipeg at the same price point?
At a $270K assessment, this home is below the citywide average for comparable homes ($390K), meaning it's priced significantly lower than many similar properties across the city. However, its street-level ranking shows it's an outlier on Hammond Road—so you're buying one of the more affordable options in a street that trends higher. That can be good for value, but it also means neighbors may have invested more in their properties, which could affect curb appeal comparisons.