63.4
Fair
Property score
63.4
Fair
Overall 63.4
Smaller and older than most nearby homes
1,040 sqft (bottom 8%)
Built in 1961 (5 yrs older than avg)
Located in a high-income area
with median household income of ~95k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 8 dining spots, 1 school, 2 healthcare facilitys, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 85%Tagalog · 3%
Past 10 years Westwood sales snapshot (~80% of all data)
898
405k
$307/sqft
1966
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63.4 is composed by the two sections below.
Property Score
Community Score
Westwood
How to read: Share of sales in each ~$50k price band for “westwood” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110314
$95K
Median household income
$114K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
24%
Single-person households
29%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
516 Best Street — 21 amenities found within 500 m, across 9 categories, including 8 dining (nearest 378 m), 1 education (nearest 431 m), 2 healthcare (nearest 461 m).
Westwood · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 7% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1961-built home with 1,040 square feet of living space on a 5,129-square-foot lot. Its assessed value is $321,000.
The property’s strongest feature is its age relative to the street. It ranks among the older homes on Best Street (top 26%), which suggests quality of construction from a period known for solid post-war builds. The living area is smaller than average for the street, neighbourhood, and city—but that also positions it as a more affordable entry point in Westwood. The assessed value is roughly average for the street, but significantly below the neighbourhood average of $392,100, meaning you’re paying less than many surrounding homes would command.
The appeal here is for a buyer who values location over square footage. The home sits on an above-average-sized lot for the street, offering outdoor space that the interior lacks. It would suit someone looking to get into Westwood at a lower price point, perhaps with plans to renovate or add square footage over time. It may also appeal to buyers who prefer a smaller footprint for lower utility costs and simpler maintenance, and who care more about street quality than interior size.
1. How does this home compare to others on the same street?
It’s a mixed picture. For assessed value, it sits around the middle of the pack (22nd out of 50). Its living area is below the street average (1,181 sqft), but its lot is roughly average. Its main distinction is being one of the older homes on the street—built 1961, ranking 13th out of 50.
2. Why is the assessed value so much lower than the neighbourhood average?
Westwood’s average assessed value is $392,100, but this property is assessed at $321,000. That gap reflects the home’s smaller living area (1,040 sqft vs. the neighbourhood average of 1,372 sqft) and smaller lot (5,129 sqft vs. 6,491 sqft). It’s simply a more compact property than many of its neighbours.
3. Is this considered a small house for Winnipeg?
By citywide standards, the living area is around average. The median for comparable homes in Winnipeg is about 1,342 sqft, so 1,040 sqft is slightly below that. However, it’s not unusually small for a 1960s home—many bungalows and starter homes from that era are in this range.
4. How does the lot size affect the property’s potential?
The lot is slightly smaller than the street average (5,250 sqft) and significantly smaller than the neighbourhood average (6,491 sqft). That limits major expansion options, but it’s still a usable city lot with room for a garden, patio, or small addition. The 5,129 sqft is typical for a post-war subdivision lot.
5. What’s the main risk or trade-off with this property?
The trade-off is clear: you’re getting less interior space than most homes in the area. If you need a lot of square footage, or if you plan to sell quickly and expect the living area to match the street average, this might feel tight. For a buyer who values the older construction, the street’s character, and a lower entry price, the smaller size is the reason it’s more affordable.
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