11 Ericsson Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,183 sqft home built in 1961, sitting on a 6,408 sqft lot in Westwood, Winnipeg. The property’s main draw is its lot size: citywide, it ranks in the top 24% for comparable homes, meaning the land is larger than most. The assessed value of $382,000 sits slightly below the neighborhood average of $392,100, which could indicate room for equity growth or renovation potential. The living area is close to the city average, neither notably spacious nor cramped.

The appeal here is less about standout features and more about solid fundamentals. The lot offers more outdoor space than many nearby properties, which matters if you value gardening, shedding, or room for kids to play. The home itself is a few years older than the neighborhood average (built 1961 vs. 1966), so it may have original character or need updating—depending on how it’s been maintained. It’s not a showpiece, but it’s not a fixer-upper either.

This property would suit a buyer who prioritises land over finished square footage—someone who sees value in a good-sized yard and is comfortable with a home that’s mid-range in size. First-time buyers looking for affordability in a settled neighbourhood, or those planning to add value through renovations, could find it a pragmatic choice. It’s less suited to someone seeking a move-in-ready, modern finish or a compact, low-maintenance property.

Frequently Asked Questions

1. How does this home’s assessed value compare to others in Westwood?
   The assessed value of $382,000 is about 2.6% below the Westwood neighborhood average of $392,100. On its own street (Ericsson Bay), it ranks in the top 32%—meaning it’s valued higher than roughly two-thirds of nearby homes. This could make it a reasonable entry point for the area.

2. Is the lot size unusual for this street?
   Not especially. The lot measures 6,408 sqft, which is close to the street average of 6,627 sqft. The standout is citywide comparison: it’s in the top 24% for Winnipeg. So while it’s typical for Ericsson Bay, it’s larger than most citywide comparables.

3. What’s the age of the home, and how does that affect things?
   Built in 1961, it’s slightly older than the neighborhood average of 1966. On its street, it’s actually one of the newer homes (top 29%). Age means potential for original materials or older systems, but it’s not unusually old for the area. A home inspection would clarify the condition.

4. How does the living area compare to similar homes?
   At 1,183 sqft, it’s slightly below the street average (1,298 sqft) and neighborhood average (1,372 sqft). It’s right around the city average (1,342 sqft). So it’s a bit compact compared to what’s typical in Westwood, but not unusually small overall.

5. What should a buyer look out for given this property’s profile?
   The combination of a larger lot and a slightly smaller home could mean the house was built for efficiency rather than expansion. Check whether the lot is usable (e.g., level, drainage, zoning restrictions) and whether the home’s systems (roof, furnace, windows) are original or updated. The assessed value being below the neighborhood average might reflect deferred maintenance or a conservative valuation.