Key Characteristics & Buyer Fit

This property at 51 Magellan Bay is a solid, middle-of-the-pack option in Winnipeg’s Westwood area. With 1,318 sq ft of living space, it’s slightly smaller than the average on its street (1,392 sq ft) but keeps pace with broader community and city norms. The lot stands out at 6,819 sq ft, placing it in the top 18% city-wide and the top 21% within Westwood—meaning more outdoor space than most comparable homes nearby. The assessed value of $424,000 is above average for the street and community, suggesting the land and location carry noticeable weight in the price.

Built in 1962, the home is older than much of the surrounding neighborhood (average build year 1966) but actually newer than most other houses on its own street. This gives it a bit of character within the immediate block, while still being part of an established area. It’s not flashy or oversized, but it offers usable yard space in a stable, well-ranked location—financially, it sits in the top third of homes across Winnipeg by value.

This property would suit buyers who aren’t chasing a showpiece but want something functional with decent land. Think families looking for room to garden, add a shed, or let kids play, or someone who values a quieter street and established neighborhood over newer construction. It may also appeal to those who see long-term potential in a lot and location that already hold above-average value relative to the city as a whole.

Five Possible FAQs

1. How does the lot size compare to other homes in the area?
The lot is 6,819 sq ft, which puts it above average locally and citywide. On its street, it ranks 11th out of 38 homes (top 29%), and in Westwood it’s in the top 21%. Across all of Winnipeg, it ranks in the top 18%, so relatively generous for the area.

2. Is the assessed value in line with the neighborhood?
Yes, and slightly above. The assessment of $424,000 is higher than the street average ($389,000) and the community average ($392,000). It places in the top 24% on the street and top 22% in the community, which reflects the value of the larger lot and location rather than just the house size.

3. How old is the house, and is that typical for the area?
Built in 1962, it’s newer than most houses on Magellan Bay (average 1961) but older than much of Westwood (average 1966) and the city overall (also 1966). So it’s older relative to the wider neighborhood, but consistent with the immediate street’s character.

4. What kind of upgrades or maintenance might an older home like this need?
That’s hard to say without a full inspection, but with a 1962 build, buyers should plan for potential updates to systems like plumbing, electrical, and insulation if they haven’t been done already. The home’s value and lot size may justify investing in renovations over time.

5. Who is this property best suited for?
Buyers who want a decent-sized lot in an established Winnipeg neighborhood without paying a premium for a larger house. It’s practical for someone who values outdoor space over interior square footage, and for those comfortable with an older home that has room for improvement.