Here is a clean, standalone summary of 226 Carroll Road, organized as requested.

Key Characteristics & Buyer Suitability

This is a 1,320-square-foot bungalow built in 1964, situated on a 5,563-square-foot lot in Winnipeg’s Westwood neighbourhood. The property’s appeal lies in its balance and entry-level positioning. It is not the largest, newest, or most valuable home on its street, but it sits right around the median for living space and age citywide. The assessed value of $345,000 is notably below the street and neighbourhood averages, which suggests a potential value play for a buyer who is willing to trade a smaller lot (the land area is below average for the area) for a lower entry price.

Its strongest comparative feature is the living area, which is average for the street but lands in the top 40% citywide. The year built is consistent with the surrounding stock, meaning mechanical and structural updates will be similar to those needed in comparable homes. This property is best suited for first-time buyers looking for a standard mid-century home in an established neighbourhood without paying a premium for a larger lot or a full renovation. It may also appeal to value-conscious investors seeking an asset with below-average assessed value in a stable, middle-tier pocket of the city. However, buyers who prioritize lot size or a higher assessment-to-value ratio should look elsewhere on the street or in the neighbourhood.

Five Possible FAQs

1. How does the assessed value compare to similar homes?
The assessed value of $345,000 is below the street average ($377,300) and the neighbourhood average ($392,100). However, it is slightly below the citywide average ($390,100) and ranks in the bottom half citywide. This suggests the property may be priced to reflect a smaller lot and potentially older fixtures, but it isn’t an outlier.

2. Is the lot size a concern?
At 5,563 square feet, the land is smaller than both the street average (5,950 sqft) and the neighbourhood average (6,491 sqft). It ranks in the bottom 40% on the street and bottom 30% in the neighbourhood. This is a meaningful difference. If you value yard space or plan an addition, this property may feel tight compared to its peers.

3. What does the “Top 40%” or “Top 73%” ranking actually mean?
These rankings show how the property compares to other homes in the same category. For example, a “Top 40%” rank for living area means it is larger than 60% of comparable homes citywide. A “Top 73%” for assessed value means it is lower in value than 27% of comparable homes. In simple terms: the lower the percentage number, the better the property ranks relative to others.

4. How does the age of the house affect its condition?
Built in 1964, the home is typical for the area. With a 60-year-old structure, you should expect that major systems (roof, furnace, windows, foundation) may be original or nearing replacement. The data does not indicate whether any updates have been made, so a thorough inspection is necessary to assess the actual condition of the mechanicals and structure.

5. Is this considered a “starter home” or a long-term property?
Given its average size, below-average land, and below-average assessed value, it leans toward a starter home. The living space is competitive citywide, but the smaller lot limits expansion potential. For a first-time buyer, it’s a solid entry. For a family planning to stay for 10+ years or add square footage, the lot constraints make it a less flexible long-term hold.