47 Trigwell Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1968 home in Winnipeg’s Westwood neighbourhood with 1,068 square feet of living space on a 5,395 sqft lot. Its assessed value is $341,000.

Where this property stands out is its age. Built in 1968, it’s newer than most homes on its street (top 28%) and well above the neighbourhood average (top 18%). That matters in an area where many houses date from the mid-1960s or earlier—a newer build can mean fewer major updates needed for structure, wiring, or plumbing in the short term.

The trade-offs are in size. The home is smaller than almost every other property on the same street (second-smallest out of 18) and well below the neighbourhood average for both living area and lot size. The assessed value reflects this, landing below the street and neighbourhood medians, though it’s closer to average citywide.

The appeal is subtle. This isn’t a home that announces itself with square footage or curb presence. Instead, it suits a buyer who values a newer foundation year in a stable older neighbourhood, doesn’t need a large yard or extra rooms, and wants something that’s realistically priced compared to the larger properties around it. Think empty-nesters downsizing from a bigger family home, first-time buyers who prioritize a sounder structure over floor space, or someone who sees the smaller lot as less maintenance rather than a limitation. It’s a practical, understated choice—not a status play.

Frequently Asked Questions

1. How does this home compare to others on Trigwell Bay specifically?
On the street, it ranks 17th out of 18 for both living area and lot size, and the assessed value is correspondingly below the street average of $382,700. The one category where it leads is year built: it ties for 5th newest among 18 homes.

2. Is the assessed value of $341,000 a fair estimate of market price?
Assessed value is based on municipal valuation, not a current appraisal or recent sale. It’s a benchmark, not a guarantee. Given the home ranks below average on the street and in the neighbourhood for value, but around average citywide, it suggests the price is in line with its smaller size. You’d still want a realtor’s comparable market analysis to confirm.

3. The neighbourhood analysis says “Below Average” for living area and lot size—does that mean it’s a bad deal?
Not necessarily. “Below average” describes the home relative to its immediate neighbours, not its condition or livability. For someone who doesn’t need extra space, paying less for a smaller property in a more expensive street context can actually be a smart buy. It’s about fit, not rank.

4. What’s the significance of the home being from 1968 in Westwood?
Westwood has a mix of older and newer infill homes. A 1968 build puts it in the upper tier for age in the neighbourhood (top 18%). That typically means it’s less likely to have knob-and-tube wiring, galvanized plumbing, or asbestos siding compared to houses from the 1950s or earlier. You’re paying for a more modern shell, not just the address.

5. How do the rankings work and what do the colours mean?
Each ranking compares the property to similar homes within the same street, neighbourhood, or city. “Top X%” means it outperforms that percentage of peers for that metric (e.g., top 28% for year built on the street). The bar fill length shows how many peers you beat; shorter bars mean fewer homes are smaller or older. The colour tier (red/blue/amber/gray) simply groups these into performance bands—red is lowest, blue is highest. Larger is better for land and living area; newer is better for year built; higher is better for value.