39 Ericsson Bay – Property Summary

Key Characteristics and Buyer Profile

This is a 1,050-square-foot home built in 1961 on a 6,055-square-foot lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $321,000.

The property’s standout feature is its lot size. Citywide, it ranks in the top 29% for lot area, meaning the land is meaningfully larger than what’s typical for comparable homes across Winnipeg. Within the Westwood neighbourhood, the lot is around average—so the size is a relative advantage versus the broader market, not necessarily versus immediate neighbours.

The home itself is smaller than most. Living area ranks in the bottom 10% on the street and in the neighbourhood, which keeps the assessed value below both street and neighbourhood averages. The year built (1961) is slightly older than the street average but typical for the city as a whole.

The appeal here is straightforward: you’re buying land, not square footage. For someone who values outdoor space, garden potential, or the option to expand or redevelop later, this home offers more flexibility than a typical 1,050-sqft property on a smaller lot. The interior is modest and probably dated—which could mean a lower entry price for a buyer willing to renovate or build new.

This property would suit buyers who:

• Prioritize lot size over finished living space
• Are comfortable with a fixer-upper or a home that hasn’t been recently updated
• Want to get into Westwood without paying a premium for a fully renovated house
• See long-term potential in a larger urban lot

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $321,000 is below the Ericsson Bay average of $373,200 and the Westwood average of $392,100. It falls near the middle of the range when compared across all Winnipeg homes, where the average is $390,100. The lower value is mainly driven by the smaller living area.

2. What is the lot actually like? Is it usable?
At 6,055 square feet, it’s a standard Westwood lot—not oversized for the neighbourhood, but larger than many citywide. You’d have room for a good-sized backyard, garden beds, a deck, and possibly a garage or shed, depending on current zoning and setbacks. It’s not an estate lot, but it’s functional for most outdoor uses.

3. Is this home worth renovating, or should I plan to rebuild?
That depends on the home’s current condition. The 1961 build year means it likely has older mechanicals, windows, and insulation. If the structure is sound and you can rework the interior, a full renovation could work. But with a 1,050-sqft footprint, a significant addition or teardown might make more sense if you want substantially more space. Check for any heritage or zoning restrictions before committing to either path.

4. How does this property rank for year built? Is it considered old?
It’s around average for Winnipeg and slightly older than the Westwood average (1966). The street it sits on actually has a slightly older average year (1962), so it fits the neighbourhood character. It’s not unusually old, but you should expect the maintenance needs of a 60-year-old home.

5. What is Westwood like as a neighbourhood right now?
Westwood is a well-established, family-oriented area with a mix of older homes and some newer infill. It’s not a hot up-and-coming zone, but it’s stable with good access to amenities, schools, and transit. Buyers here tend to be either long-term residents or people looking for more lot for their money compared to closer-in neighbourhoods.