Here is a clean, standalone summary of the property at 159 Hammond Road, written for direct display.

Property Profile: 159 Hammond Road

Key Characteristics & Buyer Fit

This is a 1967 home with 800 sq. ft. of living space on a 5,597 sq. ft. lot, currently assessed at $361,000. Its standout feature is value relative to its immediate surroundings. While the living area is smaller than average for the street and neighbourhood, the assessed value is notably above the street and neighbourhood averages. This creates a dynamic where you are paying a premium for the location rather than the square footage. The lot size, while slightly smaller than other homes on Hammond Road, is actually around average for the wider Westdale area, offering more outdoor space than many newer city infill lots.

The appeal lies in getting into a well-established area (Westdale, Winnipeg) with strong comparative value. This property would best suit a buyer who prioritizes location and land over interior size—someone willing to renovate or live in a more compact home to secure a foothold in a higher-value street context. It’s a less obvious choice for an investor looking for an undervalued asset or a downsizer who wants a manageable home without sacrificing neighbourhood quality.

Five Frequently Asked Questions

1. How does the small living area affect the home's resale potential?
The market data suggests the location compensates for the smaller footprint. Being in the top 20% for value on the street implies buyers are already paying a location premium. Future resale will likely depend on how the kitchen, bathrooms, and layout are maintained, rather than on adding square footage. A well-finished 800 sq. ft. home in a desirable area often holds value better than a larger home in a less sought-after pocket.

2. Is the assessed value of $361,000 a realistic asking price?
It’s a strong reference point, but not a guarantee. Because the assessed value is higher than the neighbourhood average, it suggests the home may be priced at the top of its local market. However, since it ranks only around the citywide average, it is not overvalued by broader market standards. A buyer should look at recent sale prices for similar-sized homes on comparable streets, not just the assessment.

3. What does "Below Average" for year built (1967) actually mean?
It means the home is slightly older than the average home in Westdale, which tends to be from the early 1970s. In practical terms, this is not a red flag. A 1967 build is solidly mid-century, often with good bones, but it does mean systems (roof, furnace, windows, plumbing) may be at, or nearing, the end of their expected life. The rating is a useful prompt to check the condition of major systems.

4. Is the lot size (5,597 sq. ft.) considered small for the area?
It is smaller than the average lot on Hammond Road itself, but the neighbourhood average is actually larger. Citywide, it sits in the 41st percentile, meaning it is slightly smaller than most lots across Winnipeg. For the Westdale area, it is a typical size—not cramped, but not a sprawling yard. It offers a usable outdoor space without the maintenance of a larger property.

5. Why is the "Top X%" ranking different for each category?
Because each metric is measured against a different pool of comparable homes. For assessed value, the property ranks in the top 20% on its street, meaning it is one of the more valuable homes there. But for living area, it ranks in the bottom 11% on the street. This is the core story of the property: you are buying a relatively small home on a relatively valuable piece of land in a desirable neighbourhood. The rankings simply reflect that trade-off at different levels of comparison.