43 Carlyle Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,232 sqft home built in 1968, sitting on a substantial 9,912 sqft lot in Winnipeg’s Westwood neighbourhood. The key here is the land. City-wide, this lot size ranks in the top 6% – meaning most properties in Winnipeg sit on roughly 6,500 sqft or less. The house itself is smaller than average for the street (ranked 32nd out of 35 homes on Carlyle Bay), and its assessed value of $380,000 reflects that. But the year built is notable: it’s the oldest house on the street (ranked #1, built 1968 vs. a street average of 1964), which suggests it may be one of the original homes in the area, surrounded by newer or renovated properties.

The appeal here is straightforward: you’re buying land, not a turnkey house. For a buyer who values outdoor space, a large yard, or the potential to expand, renovate, or rebuild, this lot offers something rare within the city. It would also suit someone looking for a solidly built 1960s home that doesn’t need to be perfect right away – perhaps a first-time buyer willing to invest sweat equity, or a family who wants room for kids and gardens but doesn’t need a huge interior. That said, the house’s smaller living area (below the street average) means it may feel cramped compared to neighbours, and the below-average assessed value relative to the street signals it may need updates. It’s not a move-in-ready premium home; it’s a property with strong bones and a great footprint.

Frequently Asked Questions

1. How does the property compare to others on the same street?
On Carlyle Bay, this home is below average in both living area (1,232 sqft vs. street average of 1,676 sqft) and assessed value ($380,000 vs. $462,600). However, it has the oldest construction year on the street (1968) and a slightly larger-than-average lot (9,912 sqft vs. 9,472 sqft). It’s one of the more modest homes in a street with higher-value properties.

2. Is the land size truly exceptional?
Yes. At 9,912 sqft, it ranks in the top 6% city-wide and top 5% within the Westwood neighbourhood. Most homes in the area sit on lots around 6,500 sqft. For Winnipeg, this is a notably large piece of land.

3. Does the assessed value suggest the house needs work?
The $380,000 assessment is below both the street average ($462,600) and slightly below the neighbourhood average ($392,100). It’s around the city-wide average ($390,100). This gap, combined with the smaller living area and older age, implies the home may lack recent upgrades or finishes that would push its value higher. A buyer should budget for renovations or updates.

4. What’s the typical buyer for a property like this?
Typically, someone looking for a renovation project, a family wanting a large yard in a central Winnipeg neighbourhood, or an investor interested in the land value. It’s less suited for someone seeking a fully updated, modern home without additional work.

5. How does the location compare in terms of neighbourhood quality?
Westwood is an established area with average-to-slightly-above-average home values and lot sizes. The property ranks in the middle of the neighbourhood for both living area and value, but near the top for land size. The street itself is quieter, with older homes and mature trees – not a high-density or newly developed area.