54 Bering Avenue – Property Summary

Main Characteristics and Buyer Profile

This 1,482 sqft bungalow, built in 1964, sits on a 5,510 sqft lot in Winnipeg’s Westwood neighbourhood. The home’s living area is slightly above average for its street, the neighbourhood, and the city overall—placing it in the top third citywide for size. Its assessed value of $380,000 is near the median for comparable homes across all three levels, which suggests the price aligns closely with what similar properties are trading for.

The land is where this property stands out in a less obvious way. At 5,510 sqft, the lot is notably smaller than most others on Bering Avenue—ranked 25th out of 26 homes. In a neighbourhood where larger yards are the norm, this could mean less maintenance and a more compact outdoor space, which appeals to buyers who want a manageable yard without sacrificing a good-sized house. The year built is consistent with the street and era, so there are likely many neighbouring homes from the same period with similar bones.

This property would suit buyers who value interior space over lot size—someone moving from a condo who wants more square footage but isn’t looking for a large garden, or downsizers who appreciate a single-storey layout without the upkeep of a big property. It may also appeal to those who prefer a home that’s priced at a stable middle point in the market, without the premium that a large corner lot or a fully renovated property typically commands.

Five Possible FAQs

How does the smaller lot affect resale value compared to neighbours?
On this street, larger lots are the norm, so a smaller lot may not appreciate at the same rate as properties with more land. However, the house itself is above average in size, which can offset that in a market that values indoor square footage.

What should I look for in a home from 1964?
Homes of this era often have solid foundations and timber frames, but the mechanicals—furnace, roof, windows—may be original or near end-of-life. Check if updates have been made, and budget for potential upgrades in the next decade.

Is the assessed value of $380,000 a realistic market price?
Assessed value is a lagging indicator, not a current market price. Since it falls near the average for the street and city, it’s a reasonable baseline. But local sale prices in Westwood should be the real guide; an inspection and recent comps will tell you more.

Who would find this property a good fit?
Someone who wants a house with generous living space but doesn’t need a large yard. It could also suit buyers who prioritize location and square footage over a lot that stands out from the street.

How does this home compare to newer infill builds in the area?
Newer homes in Westwood often sit on smaller lots with higher price tags. This property offers more indoor space than many new builds, at a lower assessed value, but with older systems and less land. It’s a trade-off between modern finishes and established space.