Property Summary

Key Characteristics & Appeal

This 1964 home on Magellan Bay in Westwood, Winnipeg, sits on a notably large lot—8,880 square feet, placing it in the top 8 percent on the street and community, and top 9 percent citywide. The living space is 1,184 square feet, which is below average for the immediate street but close to average for the broader community and city. Its assessed value of $383,000 aligns closely with local and city medians, reflecting a property priced in line with its immediate peers despite the generous land.

The main draw here is the land-to-house ratio. Buyers get a property that is older (built in 1964, among the newer homes on a street averaging 1961) but sitting on a plot significantly larger than most in the area. This combination often appeals to those looking to renovate, expand, or eventually redevelop, as the land itself carries long-term potential. The home itself is modest in size, which may limit its appeal for buyers needing immediate square footage, but the lot provides room to grow.

This property would suit buyers who prioritize outdoor space and future flexibility over a turnkey interior. It’s a strong fit for someone willing to invest in renovations or who values a sizable yard in a well-established, mid-value neighborhood. It’s less suited for those wanting a large, move-in-ready home without plans for expansion.

Frequently Asked Questions

1. How does this home’s living space compare to others nearby?
The living area (1,184 sq ft) is smaller than the street average of 1,392 sq ft and ranks near the bottom on Magellan Bay. However, it’s much closer to the averages for Westwood and Winnipeg as a whole, so the size is typical for the wider area, just not for its immediate block.

2. Is the assessed value a good indicator of market price?
Assessed value ($383,000) tracks closely with street, community, and city medians, suggesting the property is priced in the middle of the pack for its type and location. Keep in mind assessments are based on condition and features at a point in time—actual market value can vary depending on recent sales and the home’s current state.

3. What makes the lot size stand out, and what does it mean for future use?
At 8,880 sq ft, the lot is about 27 percent larger than the street average and ranks in the top 10 percent citywide. This gives options for adding square footage, building a garage, landscaping extensively, or even subdividing if zoning allows. It’s a rare find in this price range for Westwood.

4. How old is the house, and is it considered dated for the area?
Built in 1964, it’s newer than most homes on the street (where the average is 1961) but close to the community and city averages (both 1966). It’s not unusually old for Westwood, but given its age, buyers should expect systems like plumbing, electrical, and roofing may need updating unless recently replaced.

5. Who typically buys a property like this, and what should they watch out for?
Common buyers include those planning a major renovation, investors looking for land value, or families wanting a big yard in a settled neighborhood. The main consideration is the living space—at under 1,200 sq ft, it’s compact for a family, so make sure the layout works for your needs before counting on expansion plans that could take time and money.