Property Summary: 47 Galinee Bay

Key Characteristics and Buyer Profile

This is a 1,332-square-foot home on a 6,720-square-foot lot in Winnipeg’s Westwood neighbourhood, built around 1962. Its most distinctive feature is the lot size. The land ranks in the top 19% citywide and the top 26% on its street, meaning it offers noticeably more outdoor space than most comparable properties in the area. The house itself is slightly smaller than the average for the street and neighbourhood, which falls in the 1,370-square-foot range. The assessed value sits at $194,000, well below the street, neighbourhood, and city averages of roughly $390,000.

The appeal here is land value per dollar. A buyer gets a larger-than-average lot attached to a modestly-sized, older home at a price point significantly under the local typical valuation. This makes the property a strong candidate for someone who values yard space—perhaps for gardening, storage, pets, or future expansion—more than square footage inside. It would also suit a buyer willing to invest in renovations over time, given the home’s age and below-average assessed value relative to its surroundings. It is less likely to appeal to someone seeking a move-in-ready, modern interior or a home that already reflects the average market value of the neighbourhood.

Five Possible FAQs

1. How does the assessed value relate to the asking or market price?
The assessed value shown ($194,000) is a municipal assessment for tax purposes, not the price the seller is asking. It is significantly below the average for the street and neighbourhood, which may reflect the home’s age and condition. Buyers should expect the actual market price to differ and should compare it against recent sales of similar homes in Westwood.

2. Why is the lot considered “above average” while the house is below average?
The lot ranks in the top 20-25% locally and citywide for size, meaning it is notably bigger than typical nearby properties. The home itself, at 1,332 square feet, is slightly smaller than the street and neighbourhood averages (1,372 sqft). This combination is common for older subdivisions where homes were built more modestly on generous lots.

3. What does the home’s year built (1962) typically mean for maintenance?
Homes from this era often have original mechanical systems, windows, and roofing unless updated. Buyers should budget for a thorough inspection, particularly of plumbing, electrical, and insulation. The lot size is a major plus, but older homes on larger lots can also mean older trees, drainage concerns, or foundation work.

4. Is Westwood a family-friendly or quiet area?
Westwood is a well-established residential neighbourhood in Winnipeg, largely composed of single-family homes built in the 1960s. It is generally considered quiet and family-oriented, with parks and schools nearby. The specific character of Galinee Bay can be assessed by visiting the street—look for traffic patterns, neighbour density, and proximity to amenities.

5. How should I interpret the “ranked #2,524 out of 2,523” notation on value?
This indicates that the property’s assessed value ranks at the very bottom of the neighbourhood—#2,524 out of 2,523 homes. This is not necessarily negative; it simply means the assessment places it as the lowest-valued comparable property in that specific group. It often signals a home with significant room for improvement or one that has not been recently updated compared to neighbours.