52 Ericsson Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1965-built home with 1,193 sq ft of living space on a 6,435 sq ft lot. Its assessed value for property tax purposes is $364,000.

The property sits in a relatively consistent middle band across most metrics. On its own street (Ericsson Bay), it ranks 27th out of 41 for living space – close to the street average of 1,298 sq ft. The same pattern holds at the neighbourhood (Westwood) and city-wide (Winnipeg) levels, where it falls near the middle compared to similar homes. What stands out is the land size: city-wide, the lot ranks in the top 23%, meaning you get more outdoor space than most properties in Winnipeg. The build year is also noteworthy – it’s the second-newest home on its street, putting it in the top 5% locally, though it aligns more closely with the neighbourhood and city averages.

The appeal here is about solid fundamentals, not flashy extremes. This isn’t the biggest or most recently built home on the block, but it offers a larger-than-average lot for the city, a newer build relative to immediate neighbours, and a tax assessment that sits below the Westwood and city averages. For a buyer, that suggests a property that’s been reasonably maintained without being overvalued relative to its surroundings.

This would suit someone who values yard space over square footage – the lot is generous even if the interior is modest. It’s also a good fit for buyers who want a home in a stable, established neighbourhood without paying a premium for the trendiest street. A practical buyer looking for a house that offers good land value and a solid build year without unnecessary frills would find this worth a closer look.

Frequently Asked Questions

1. How does this property compare to others in Westwood?
It’s middle-of-the-pack in living area and build year, but the lot size is slightly above the neighbourhood average. The tax assessment is below the Westwood average, which may mean lower property taxes relative to neighbours.

2. Is the 1965 build year a concern?
It’s not especially old or new by city standards, but it is the second-newest house on Ericsson Bay. That suggests the street has older stock, so this home may have fewer deferred maintenance issues than its immediate neighbours. Still, typical mid-60s construction will have its own considerations (e.g., original plumbing, insulation).

3. Why is the land size a selling point?
City-wide, this lot ranks in the top 23%, meaning it’s larger than most in Winnipeg. For a buyer who wants space for gardening, a workshop, or future expansion (subject to zoning), that’s a genuine differentiator. On its own street it’s merely average, so the real advantage is city-scale.

4. How does the assessed value relate to market price?
The assessment of $364,000 is below both the Westwood and city averages. Assessed value doesn’t equal market price, but a lower assessment can imply either a more modest property or one that hasn’t been heavily renovated. It’s worth comparing recent sale prices of similar homes in Westwood to get a clearer picture.

5. What kind of buyer would this property not suit?
Someone looking for a large interior, an open-concept layout, or a recently renovated home would likely want to look elsewhere. The interior square footage is below average for the neighbourhood, and the build year suggests it hasn’t undergone a major recent overhaul. Buyers wanting a turnkey modern interior might find it too dated.