Property Summary: 245 Carroll Road

Key Characteristics & Buyer Profile

This is a 1962-built home with 1,424 sq ft of living space and a notably large 7,564 sq ft lot. The lot size is the standout feature—it ranks 2nd out of 45 homes on Carroll Road (top 4%), 341st out of 2,523 in Westwood (top 14%), and 25,386th out of nearly 200,000 citywide (top 13%). In practical terms, this means significantly more outdoor space than most comparable properties in the area.

The living space is slightly above average across all comparison ranges, though not exceptional. Its assessed value of $419,000 is above the street and neighbourhood averages, reflecting the land value more than the structure. The home is older than most nearby properties—built three years before the street average and four years before the neighbourhood average.

The appeal here is straightforward: you're buying land, not a new build. For buyers who value yard space, gardening, room for kids or pets, or future expansion possibilities, this property offers something rare in Westwood. It would also suit someone comfortable with an older home who sees the lot as the primary asset—either to renovate or hold long-term. It's less suited for buyers seeking a turnkey, move-in-ready modern home or those who prioritize newer construction over outdoor space.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices in the area?
The assessed value of $419,000 is higher than the street average ($377,000) and neighbourhood average ($392,000), and right around the city median. Assessment values don't always match market prices, but this suggests the property is priced in line with or slightly above local norms. It's worth checking recent sales on Carroll Road and nearby streets for a more current picture.

2. What does a 1962 build mean for maintenance and renovation?
Homes from this era typically have good bones but may need updates to systems like electrical, plumbing, insulation, and windows. The upside is that older homes in Winnipeg often have solid foundations and mature landscaping. Budget for potential upgrades, especially if the home hasn't been updated recently.

3. Is the large lot suitable for a secondary suite or subdivision?
That depends on local zoning in Westwood. A 7,564 sq ft lot is large for the area, but whether you can build a secondary suite or subdivide requires checking with the city. The lot's shape, frontage, and setback requirements will also matter. It's not guaranteed, but the size opens up possibilities worth exploring.

4. How does this property compare to others on Carroll Road specifically?
On its street, this home ranks 16th in living space (top 36%), 7th in assessed value (top 16%), and 2nd in lot size (top 4%). It's among the oldest homes on the street (41st out of 45). So it's a high-value lot with an older, mid-range house relative to its immediate neighbours.

5. What type of buyer typically chooses a property like this?
Buyers who prioritize land over a new house—often families wanting yard space, hobby gardeners, or investors looking to renovate or hold for future development potential. It also appeals to people who prefer established neighbourhoods with mature trees and larger lots, rather than newer subdivisions with smaller plots.