43 Collingham Bay – Property Summary

Key Characteristics & Appeal

This is a well-positioned property in Westdale, Winnipeg, built in 1974. Its standout feature is the lot: at 8,937 square feet, it ranks in the top 9% citywide and top 5% within the neighborhood. That’s significantly larger than both the street average (7,230 sqft) and the neighborhood average (5,168 sqft). The assessed value of $398,000 places it among the top 7% on the street and top 5% in Westdale, which suggests strong demand for homes in this pocket. The living area is 1,122 square feet—slightly above street and neighborhood averages but a touch below the citywide average for comparable homes. The home was built in 1974, making it one of the newer homes on Collingham Bay (ranked #1 on the street for year built) and newer than much of the neighborhood’s housing stock.

The appeal here is not about a sprawling interior; it’s about the land and location. A buyer getting this home is paying for a well-established, tree-lined street in a neighborhood that commands a premium, and for a lot that offers rare space for expansion, a large garden, or simply privacy. This property suits buyers who prioritize outdoor space and neighborhood prestige over square footage—someone who sees potential in a solid, late‑70s home on a generous site, and who values long-term land equity in a stable area. It’s less suited to someone looking for a move-in-ready, maximized floor plan.

Five Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
The lot is notably larger. It’s in the top 5% of Westdale and the top 9% citywide, well above the street average. For context, it’s roughly 1,700 square feet larger than the typical lot on Collingham Bay itself.

2. Is the assessed value a reliable indicator of market price?
Not directly. Assessed values are a city’s estimate for tax purposes and often lag behind market conditions. That said, a property ranking in the top 5% locally for assessed value does signal that the market recognizes this home—and especially its land—as being in a higher-value tier.

3. What does “around average” for living area and citywide value mean practically?
It means the house itself is fairly standard for its price range at the city level—neither unusually large nor small. The value is being driven more by the lot and location than by interior size. Buyers should expect a living space that’s functional but not generous.

4. How old is the home, and is that considered old for this neighborhood?
Built in 1974, it’s one of the newer homes on the street (ranked #1) and above average for Westdale, where the average build year is 1971. Citywide, it’s slightly newer than the comparable-home average of 1966. So while it’s not a new build, it’s relatively young for this area.

5. What kind of renovation potential does this property offer?
The large lot is the main draw for renovations. The house itself is 50+ years old, so systems and finishes may need updating. Because the lot is in the top tier locally, a buyer could consider a significant addition or even a rebuild, assuming zoning permits. That potential is what differentiates this home from tighter, smaller lots in Westdale.