112 Coleridge Park Drive – Property Summary

Key Characteristics & Buyer Profile

This 1,372-square-foot bungalow (built 1969) sits on a notably large 7,365-square-foot lot in Winnipeg’s Westwood neighbourhood. Its standout feature is the land: citywide, it ranks in the top 14% for lot size, and within Westwood it lands in the top 15%. The assessed value of $389,000 is below the street average but closely in line with neighbourhood and city medians, making it one of the more affordable options on Coleridge Park Drive.

The home itself is compact relative to others on the street—where the average living area is nearly 2,000 square feet—but it holds its own against typical homes across Winnipeg and the wider neighbourhood. The year built (1969) is slightly older than the street average (1972), but newer than much of Westwood (top 8% in the area).

Where the appeal lies: this property offers something rare in a mature neighbourhood—a generous private lot at a moderate price point. Buyers who value outdoor space, gardening, future redevelopment potential, or simply not feeling squeezed between neighbours will find this lot compelling. The home itself is likely a practical starter or downsizer, not a showpiece.

Best suited for: first-time buyers looking for more land than typical entry-level homes provide; renovators who want to update a solid structure on an oversized lot; families who prioritize yard space over a large interior; or investors eyeing long-term land value in an established area.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on this street?
Coleridge Park Drive includes many larger, newer homes—some with living areas over 2,000 square feet and built in the 1970s and later. This property is smaller and older than the street average, which pulls its assessed value below neighbours. That said, its value is consistent with typical homes across Westwood and Winnipeg overall.

2. Is the small living area a problem?
It depends on expectations. At 1,372 square feet, the home is small for its street but average for Westwood and the city. If you’re used to newer suburban homes, it might feel tight. But for its era, this is a standard suburban floor plan—likely three bedrooms and one or two bathrooms. The trade-off is significantly more land than most comparable homes.

3. What does “ranked top 14% citywide for land area” actually mean for day-to-day use?
A 7,365-square-foot lot is about 30% larger than the typical Winnipeg lot. In practical terms, that means a deeper backyard, more space between houses, and room for a garden, large shed, or even a future garage addition. On a street where lots average over 9,000 square feet, it’s still modest—but compared to most homes in the city, you’re getting real breathing room.

4. How old is the house, and should I worry about maintenance?
Built in 1969, the home is 55+ years old. It’s older than the average on this street but newer than much of Westwood. Key systems (roof, furnace, windows, foundation) would be approaching or past typical replacement age unless updated. A thorough inspection is wise—older homes of this era often have solid bones but outdated mechanicals or insulation.

5. Is this a good investment property?
The lot itself holds strong long-term value given its size and location in a desirable Westwood pocket. The home’s current assessed value is low relative to land potential, which can mean upside if you’re willing to renovate or eventually redevelop. However, the small living area may limit rental income compared to larger homes on the same street. Best suited for buyers who see the land as the primary asset.