207 Browning Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a 1960-built home with 1,276 sq ft of living space and a 5,832 sq ft lot, located on Browning Boulevard in the Westwood area of Winnipeg. What stands out here is not a single standout feature, but a balanced, middle-of-the-pack profile across all major metrics.

• Living space falls within the top 32% on its street and sits very close to the neighbourhood and city averages. It’s not unusually large or small—just comfortably typical for the area.
• Assessed value at $367,000 is slightly above the street average ($359,000) but below the neighbourhood ($392,000) and city ($390,000) averages. This suggests the property is priced reasonably relative to its immediate surroundings, while offering a slight discount compared to the broader Westwood area.
• Lot size is slightly below the street average but still in the top 36% city-wide. For Winnipeg, this is a solid-sized lot—not oversized, but not cramped either.
• Build year (1960) is older than most homes on the street (average 1963) and significantly older than the neighbourhood average (1966). This is the property’s weakest comparative point. Buyers should expect the maintenance and updates typical of a 65-year-old home.

Where the appeal lies: This home suits a buyer who wants a reasonably sized house on a decent lot in an established Winnipeg neighbourhood, without paying a premium for a recently built or extensively renovated property. The value proposition is in the gaps: lower-than-average assessed value for the neighbourhood, and a location that ranks well for living space relative to its street. It’s a practical, unflashy entry point for someone willing to invest in updates over time.

Type of buyer it suits: First-time buyers looking for a solid starter home in an inner-ring suburb, or downsizers who want a manageable single-family house without the costs associated with newer construction. Also fits investors seeking a rental property with reasonable carrying costs, provided they factor in potential aging infrastructure.

Frequently Asked Questions

1. How does the property’s overall value compare to others in Westwood?
The assessed value is below the neighbourhood average by about $25,000. This is partly due to the older construction year. However, the living area and lot size are both close to neighbourhood averages, so the lower assessment may reflect condition or lack of major upgrades rather than size or location.

2. Is a 1960 build likely to have major issues?
Homes of this vintage often have original mechanicals (furnace, electrical, plumbing) and possibly older windows or roof. Buyers should budget for a thorough home inspection, especially for knob-and-tube wiring, asbestos in insulation or flooring, and the condition of the foundation. That said, many 1960s homes in Winnipeg have been updated—it’s worth confirming what’s been done.

3. How does this property rank for lot size compared to newer developments?
The 5,832 sq ft lot is slightly smaller than the average for Westwood (6,491 sq ft), but it’s still larger than many newer infill lots in Winnipeg. For a buyer who values yard space without wanting a large maintenance burden, this is a practical middle ground.

4. What does “below average” for build year actually mean in practical terms?
It means this home is older than roughly 77% of homes on its street and 96% of homes in the neighbourhood. This could translate to higher utility costs, less efficient insulation, and more frequent repairs. On the upside, older homes often have better-quality framing and more established landscaping than newer builds.

5. Is this property a good candidate for renovation or adding value?
Potentially, yes. Since the assessed value is below neighbourhood average, targeted upgrades (kitchen, bathrooms, windows, mechanicals) could bring the property closer to Westwood’s median value. The lot size is adequate for a modest addition if zoning allows. However, the older build year means any renovation should account for bringing the home up to current code, which can add cost.