194 Wordsworth Way

Westwood, Winnipeg

Property score

65.7

Good

Overall 65.7 · Older than most nearby homes

1,200 sqft (bottom 38%) · Built in 1962 (4 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 62.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 5 parks, and 3 place of worships nearby

Living Area

Below average

13% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 86%Punjabi · 2%

Past 10 years Westwood sales snapshot (~80% of all data)

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

65.7 is composed by the two sections below.

Property Score

56.3Fair
Living Area66
1,200 sqftGood
Year Built46
1962Low
Lot Size38
3,332 sqftLow
Neighbourhood Sales Activity37
Low

Community Score

79.9Good
Household Income84
Excellent
Education Level72
Good
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health52
Fair

Neighbourhood Sales

Westwood

How to read: Share of sales in each ~$50k price band for “westwood” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110317

Community deep dive

$98K

Median household income

$103K

Average household income

7%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

18%

Single-person households

34%

Families with children

Population, labour & age

Population (2021)435
Labour force participation rate63%
Median age39.6
Avg household size2.7
Unemployment rate14%
Population density2900 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households18%
Couple families with children34%
Median household income (2020)$98K

Housing

Renter households18%
Condominium dwellings15%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority12%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 86%
Mother tongue (2nd)Punjabi · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,200 sqft
0255075100
Same streetBottom 47%Same areaBottom 38%CitywideTop 50%
Same street · Wordsworth Way
#73 / 138
Bottom 47% · Avg 1,275 sqft
Same area · Westwood
#1,554 / 2,523
Bottom 38% · Avg 1,372 sqft
Citywide · Winnipeg
#97,378 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

below average
267k
0255075100
Same streetBottom 7%Same areaBottom 2%CitywideBottom 21%
Same street · Wordsworth Way
#129 / 138
Bottom 7% · Avg 371.1k
Same area · Westwood
#2,475 / 2,523
Bottom 2% · Avg 392.1k
Citywide · Winnipeg
#153,434 / 194,458
Bottom 21% · Avg 390.1k

Year Built

around average
1962
0255075100
Same streetBottom 49%Same areaBottom 20%CitywideBottom 44%

Lot Size

below average
3,332 sqft
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 17%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

194 Wordsworth Way — 10 amenities found within 500 m, across 3 categories, including 2 education (nearest 195 m), 5 parks (nearest 185 m).

Search radius
🏫Education2
🌳Parks5
Worship3

Crime & Safety

Westwood · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

100%

Sales History

Sold 7/2022CA$250k–300k
Sold price

Same street

Bottom 30%

Same area

Bottom 19%

City-wide

Bottom 38%

Related homes

Highlights & common questions: 194 Wordsworth Way, Winnipeg

194 Wordsworth Way – Property Summary

Key Characteristics & Buyer Profile

This is a 1,200 sqft home built in 1962 on a 3,332 sqft lot in the Westwood neighbourhood. What stands out is the disconnect between its living space and its assessed value. The home’s square footage is essentially average for the street and city, but its assessed value is significantly below average in every comparison—ranked 129th out of 138 homes on the same street, and 2,475th out of 2,523 in the neighbourhood. The lot is also notably small for the area, ranking near the bottom. The appeal here is less about the property itself and more about what the numbers suggest: this could be a lower-entry-point into a neighbourhood where most other homes are valued higher and sit on larger lots. That dynamic might suit a buyer who is comfortable with a smaller footprint and lot, and who is either looking for a more affordable option in Westwood or is willing to invest in a renovation or addition to bring the home closer to the neighbourhood standard. It’s not a move-in-ready premium home, but it could work for someone who prioritizes location over size or who sees potential in a property that currently lags behind its neighbours in valuation.


Five Possible FAQs

1. Why is the assessed value so low compared to other homes on the same street?
It’s ranked 129th out of 138 homes, with an assessed value of $267k versus the street average of $371k. This likely reflects a combination of the smaller living area, the compact lot, and possibly age or condition relative to other properties on Wordsworth Way. Without specific condition data, the main measurable factors are size and land.

2. How does the lot size compare to typical homes in Westwood?
The lot is 3,332 sqft, which is about half the neighbourhood average of 6,491 sqft. It ranks near the very bottom—2,519th out of 2,523 homes. That’s an important detail if outdoor space, gardening, or future expansion are priorities.

3. Is this property a good candidate for renovation or addition?
Possibly, but the small lot size is a real constraint. Any addition would need to work within the existing footprint or build up, depending on zoning. The lower assessed value could mean less competition at purchase, but renovation costs should be weighed carefully against the ceiling set by neighbouring property values.

4. How does the build year of 1962 fit into the neighbourhood?
It’s around average for the street, but older than about 80% of homes in Westwood, where the average year built is 1966. So while not the oldest on the block, the neighbourhood as a whole leans slightly newer.

5. Who would this property not suit?
Buyers looking for a large yard, a home that already matches the neighbourhood’s higher valuations, or a property with standout square footage would likely be frustrated here. It also probably wouldn't suit anyone expecting quick resale appreciation without putting in significant work or accepting a longer timeline.