5 Masefield Place: Property Summary
Key Characteristics & Buyer Profile
This 1971 home in Westwood offers 2,118 square feet of living space on an 8,618-square-foot lot, with an assessed value of $525,000. What stands out most is its size relative to the neighbourhood: it sits in the top 4% for living area and top 8% for land area citywide, and it’s ranked #101 out of 2,523 homes in Westwood for square footage. That means it’s noticeably larger than most nearby properties, where the average living area is only 1,372 square feet.
The appeal here is practical rather than flashy. The home is not the newest—built in 1971, which is typical for the area—but the lot and floor plan give it room to breathe. The assessed value is above average for Westwood and citywide but only mid-range for the immediate street, suggesting it may be priced reasonably relative to its direct neighbours. For a buyer, the real draw is space: both indoors and outdoors, this property outperforms most of what’s available in the broader market.
This would suit a buyer who values square footage and yard space over a modern build or turnkey finishes. It’s a good fit for someone looking to put roots down in a well-established neighbourhood, possibly a family wanting room to grow or a homeowner interested in gradual updates to a solidly sized home. It may appeal less to buyers seeking a recently renovated property or a compact, low-maintenance lot.
Frequently Asked Questions
1. How does the living area compare to other homes in Westwood?
The home is in the top 4% of the neighbourhood for living area, with 2,118 sqft against a Westwood average of 1,372 sqft. It’s also well above citywide averages. On its own street, it ranks 2nd out of 9 homes.
2. Is the assessed value above or below market rate?
At $525,000, the assessed value is above the Westwood average ($392,100) and citywide average ($390,100), but only around average for Masefield Place itself ($522,700). This suggests it aligns closely with its immediate neighbours while significantly exceeding most homes in the wider area.
3. How old is the property, and does that matter for this area?
Built in 1971, the home is typical for Westwood, where the average build year is 1966. It ranks in the top 5% of the neighbourhood for newer construction, but citywide it’s about average. Buyers should expect maintenance typical of a 50-year-old home, though the area’s housing stock is largely similar in age.
4. How large is the lot, and what does that mean for outdoor space?
The land area is 8,618 sqft—slightly below the street average (8,757 sqft) but well above the neighbourhood average (6,491 sqft) and citywide average (6,570 sqft). Ranked in the top 9% citywide, this is a sizable lot by most standards, offering good yard space without being oversized for the street.
5. What kind of neighbourhood is Westwood like?
Westwood is a mature residential area in Winnipeg with a mix of mid-century homes and established tree-lined streets. The property’s strong neighbourhood rankings for living area and lot size suggest it stands out even within a well-regarded part of the city. It’s less suited to buyers seeking a new-development feel, but solid for those who appreciate established communities with larger homes and lots.