31 Shakespeare Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1968-built home in the Westwood area of Winnipeg, with 1,576 sq ft of living space on a notably large 10,570 sq ft lot. The property ranks well above average across all four key metrics—living area, assessed value, lot size, and build year—when compared to its street, neighbourhood, and city. The lot is the standout feature: it ranks in the top 5% city-wide and is the second-largest on Shakespeare Bay. The assessed value (for tax purposes) is $510,000, placing it in the top 6% on the street and top 7% in the community, which reflects a combination of size, location, and condition relative to surrounding homes. The living area is moderately above average (top 28% on the street, top 20% in Westwood), and the build year is typical for the area, with no unusual age advantage or disadvantage.

The appeal here is for buyers who want more land than the typical suburban offering, without moving to a completely different market. The large lot gives room for gardens, outdoor structures, or future expansion—something increasingly valued in established neighbourhoods where lots tend to be smaller. The property also holds its value well relative to neighbours, which may appeal to someone looking for a home with stable long-term equity.

This home would suit a family or individual who wants space both inside and out, and who prefers an established, built-out neighbourhood over a new development. It’s less ideal for someone seeking a turnkey modern interior or a lower-maintenance property, given the older build and large yard.

Frequently Asked Questions

1. How does the property compare to others in Westwood?
It ranks in the top 20% for living area, top 7% for assessed value, top 18% for build year (newer than average), and top 4% for lot size. So it’s consistently above average across the board, with lot size being the strongest differentiator.

2. What does the assessed value of $510,000 mean in practice?
That’s the municipal assessment used to calculate property taxes—not a market asking price. The high ranking (top 6% on the street) suggests the home is valued well above its immediate neighbours, likely due to the lot size and overall condition. Buyers should still check current market trends for comparable sales.

3. Is a 1968 build likely to need major updates?
It depends on what’s been done by the current owner. The build year is typical for the area (the street average is also 1968), so many homes in the neighbourhood will have similar maintenance histories. Buyers should budget for possible updates to systems (roof, HVAC, windows) or finishes, but there’s no flag from the data itself that the home is unusually old or neglected.

4. Why is the lot size so much larger than average?
Shakespeare Bay appears to have a mix of lot sizes, but this property’s lot is nearly double the street average (10,570 sq ft vs. 6,476 sq ft). This is uncommon and suggests the home may be on a corner lot, a pie-shaped lot, or part of an older subdivision with deeper parcels. It’s worth verifying the exact dimensions and any restrictions.

5. What might be overlooked about this property?
Beyond the numbers, the appeal is that a large lot in an established neighbourhood like Westwood offers outdoor space without the commute or infrastructure uncertainty of newer suburbs. However, maintenance and property taxes will be higher than average for a home this size and age—something a buyer focused only on the purchase price might miss.