Property score
88.2
Excellent
Overall 88.2 · Larger and newer than most nearby homes
1,951 sqft (top 7%) · Built in 1997 (31 yrs newer than avg)
Located in a high-income area with median household income of ~129k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 parks nearby
Living Area
Above average
42% larger than neighborhood avg.
Year Built
Above average
31 yrs newer than neighborhood avg.
Mother tongue
English · 83%French · 2%
Past 10 years Westwood sales snapshot (~80% of all data)
898
405k
$307/sqft
1966
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88.2 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110322
$129K
Median household income
$145K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
15%
Single-person households
43%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
31 Franklin Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 20 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 14% | Top 3% | Top 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Top 15% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home on Franklin Bay in Westwood stands out primarily for its combination of a large lot and a relatively recent build. At 8,188 sqft, the lot ranks in the top 10% on the street and top 11% citywide—significantly larger than the neighborhood average of 6,491 sqft. Built in 1997, it is one of the newest homes on its street (top 10%) and an outlier in a neighborhood where the average home dates to 1966 (top 1% for the area). The living area of 1,951 sqft is above average across all three comparison levels, but its standout feature is the assessed value of $586k, which places it in the top 4% of the neighborhood and well above the local average of $392k.
The appeal here is not just square footage or a single metric, but the combination of a newer, well-sized house on a generous lot in an established neighborhood. Most homes in Westwood are older and on smaller parcels, so this property offers a rare balance of modern age and outdoor space without being in a new subdivision. It would suit buyers who value a mature, tree-lined area with larger properties but want a home that doesn’t require immediate updates or a full renovation. Families looking for a solid layout, room to expand or garden, and a home that holds its value relative to the surrounding stock would find this a practical fit. It is less suited for those seeking a compact, low-maintenance property or a very new, cookie-cutter development.
1. How does the assessed value compare to similar homes nearby?
The assessed value of $586k is notably higher than the Westwood neighborhood average of $392k and ranks in the top 4% of the area. On Franklin Bay itself, it is also above average, ranking 5th out of 29 homes. This reflects the combination of newer construction and larger lot size.
2. Is the lot size genuinely usable, or is it just a number?
At 8,188 sqft, the lot is significantly larger than both the street average (5,887 sqft) and the neighborhood average (6,491 sqft). For Westwood, where many lots are smaller and homes are older, this offers genuine space for a sizable yard, garden, or potential future addition—though always confirm local zoning before planning changes.
3. Why does the year built matter so much in this neighborhood?
The home was built in 1997, while most homes in Westwood date to around 1966. This puts it in the top 1% of the neighborhood for newer construction. That often means better insulation, modern electrical and plumbing, and fewer immediate maintenance surprises compared to a 50+ year old home in the same area.
4. How does the living area compare to other properties on the market right now?
At 1,951 sqft, it is above the citywide average for comparable homes (1,342 sqft) and above the street average (1,634 sqft). It is not the largest home available, but it is comfortably spacious for a family home and well within the upper tier for its immediate street and neighbourhood.
5. What are the potential drawbacks someone should consider?
The home is in an established, older neighborhood, meaning surrounding houses may have different character and age. Some buyers may prefer a newer subdivision with uniform aesthetics. Additionally, a larger lot means more exterior maintenance—lawn care, snow removal, and landscaping—compared to a typical newer infill property. The assessed value is high relative to the area, which may influence property taxes.
