138 Wordsworth Way – Property Summary

Key Characteristics & Buyer Profile

This property is defined by its exceptionally large lot and strong assessed value relative to its neighbourhood. The land measures 11,475 square feet, placing it in the top 4% on Wordsworth Way, top 3% in Westwood, and top 4% across all of Winnipeg. For context, the average lot size on the street is just over 6,600 square feet—so this property offers nearly double that. The home itself is 1,385 square feet, slightly above the street average, and was built in 1963, which is consistent with much of the area.

The assessed value ($477,000) ranks in the top 7% on the street and top 11% in the community, meaning it's priced well above the local average of $392,000. This suggests a home that has been maintained or updated, or that the land itself is driving value.

Where the appeal lies: The standout feature is the land. For buyers who value outdoor space, gardening, room for additions, or simply privacy and distance from neighbours, this lot is a rare find in an established neighbourhood. The home is solid and respectably sized, but the real opportunity is in the property itself—whether for redevelopment, expansion, or simply enjoying a generous yard in a mature part of Winnipeg.

Who it suits: Practical buyers who are less concerned with a turnkey interior and more focused on long-term potential. It would suit someone looking to renovate or rebuild on a prime lot, or a family wanting substantial outdoor space in a settled community with good access to amenities. It may be less ideal for buyers seeking a modern, move-in-ready home or those wanting to minimize yard maintenance.

Five Possible FAQs

1. How does the lot size compare to other homes in Westwood?
Very favourably. This lot is in the top 3% of the entire neighbourhood, which has an average lot size of about 6,491 square feet. At 11,475 square feet, it's roughly 77% larger than a typical Westwood property.

2. Is the assessed value a reliable indicator of market price?
Assessed values are used for tax purposes and don't always match current market conditions, but in this case, the home ranks in the top 7% on the street, suggesting it's one of the more valuable properties in the immediate area. The high land value is likely a major factor.

3. What does the 1963 build year mean for maintenance?
Homes from this era typically have good bones but may need updates to systems (plumbing, electrical, insulation) depending on what's been done. The fact that the assessed value is above average may indicate recent improvements, but it's worth verifying.

4. How does the living space compare to other homes in Winnipeg?
At 1,385 square feet, it's slightly above the city average of 1,342 square feet, but only marginally. It's a comfortable size for a family, but not unusually large—the real value is the land, not the house footprint.

5. Who typically buys in Wordsworth Way / Westwood?
Buyers here are often families or long-term residents who value established neighbourhoods, mature trees, and quieter streets. It's not a high-turnover area. This property, with its large lot, might also appeal to builders or investors looking for a teardown or major renovation project.