55 Cortez Bay

Westwood, Winnipeg

Property score

71.2

Good

Overall 71.2 · Newer than most nearby homes

1,272 sqft (top 47%) · Built in 1969 (3 yrs newer than avg)

Located in a high-income area with median household income of ~107k

Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, 5 parks, and 1 place of worship nearby

Living Area

Near average

7% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 88%Chinese · 2%

Past 10 years Westwood sales snapshot (~80% of all data)

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

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Property score

71.2 is composed by the two sections below.

Property Score

62.9Fair
Living Area1,272 sqft66Good
Year Built196952Fair
Lot Size5,797 sqft74Good
Neighbourhood Sales Activity37Low

Community Score

83.7Excellent
Household Income87Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110324

Community deep dive

$107K

Median household income

$122K

Average household income

7%

Low income (LIM-AT)

0.3

Income inequality (Gini)

2.9

P90 / P10 ratio

17%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)529
Labour force participation rate68%
Median age42.4
Avg household size2.7
Unemployment rate3%
Population density3111 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households17%
Couple families with children35%
Median household income (2020)$107K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)6%
Visible minority12%
Bachelor's or higher (25–64)34%
Mother tongue (1st)English · 87%
Mother tongue (2nd)Chinese · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,272 sqft
0255075100
Same streetTop 46%Same areaTop 47%CitywideTop 44%
Same street · Cortez Bay
#16 / 35
Top 46% · Avg 1,306 sqft
Same area · Westwood
#1,187 / 2,523
Top 47% · Avg 1,372 sqft
Citywide · Winnipeg
#84,717 / 194,458
Top 44% · Avg 1,342 sqft

Tax-Assessed Value

around average
379k
0255075100
Same streetTop 49%Same areaTop 42%CitywideTop 44%
Same street · Cortez Bay
#17 / 35
Top 49% · Avg 377.2k
Same area · Westwood
#1,059 / 2,523
Top 42% · Avg 392.1k
Citywide · Winnipeg
#85,956 / 194,458
Top 44% · Avg 390.1k

Year Built

Elite
1969
0255075100
Same streetTop 3%Same areaTop 8%CitywideTop 49%

Lot Size

around average
5,797 sqft
0255075100
Same streetTop 40%Same areaBottom 43%CitywideTop 37%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

55 Cortez Bay — 7 amenities found within 500 m, across 3 categories, including 1 education (nearest 270 m), 5 parks (nearest 144 m).

Search radius
🏫Education1
🌳Parks5
Worship1

Crime & Safety

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%

Sales History

Sold 7/2017CA$300k–350k
Sold price

Same street

Bottom 1%

Same area

Bottom 39%

City-wide

Top 50%

Related homes

Highlights & common questions: 55 Cortez Bay, Winnipeg

55 Cortez Bay – Property Summary

Key Characteristics & Buyer Profile

This 1,272 sqft home sits on a 5,797 sqft lot in Winnipeg’s Westwood neighbourhood, built in 1969. Across the board—living area, assessed value ($379K), and land size—the property ranks consistently in the middle of the pack, both on its street and citywide. The standout feature is its age: it ranks first on the street and in the top 8% of the neighbourhood for being built in 1969, which gives it a slight structural maturity advantage over many neighbouring homes built earlier. The lot, while average for the street, is notably smaller than the Westwood and citywide averages—meaning the house sits on a more compact piece of land than many nearby properties.

The appeal here is grounded, not flashy. There are no dramatic upsides or downsides. For a buyer, this is a solid, unremarkable entry point into Westwood. It would suit someone who wants a home that is well-established (but not ancient), in a neighborhood with consistent character, and who isn’t looking for a deal driven by underpricing or a standout lot. It also works for buyers who prefer a smaller yard with less upkeep, given the below-average land area. The assessed value sits slightly below the neighbourhood and city averages, so there may be room for value appreciation if the area trends upward, but nothing speculative.


Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
It’s close to the street average ($377K) and slightly below the neighbourhood average ($392K), ranking in the top 42% locally. This suggests the home is priced competitively within its immediate area, but not a standout bargain relative to Westwood as a whole.

2. What does the land size mean in practical terms?
At 5,797 sqft, the lot is about 10% smaller than the street average and nearly 12% smaller than the citywide average. For a family that wants a manageable yard without excessive mowing or maintenance, this can be a plus. It also typically means the house is closer to neighbours, which may appeal in a more connected street feel.

3. Is a 1969 build considered old or well-maintained in this market?
It’s older than the neighbourhood average (1966) by a few years, but being the newest on its street (top 3%) means it may have seen fewer owners or less deferred maintenance. Homes of this era often have solid construction but may need updates to mechanicals or finishes—worth checking during a viewing.

4. Why does the house rank higher citywide for land (top 37%) than in its own neighbourhood (top 57%)?
Westwood as a whole tends toward larger lots (average 6,491 sqft). So while the property’s lot is small for its area, it’s still relatively generous compared to many older, tighter lots across Winnipeg. The citywide ranking reflects a broader, more mixed comparison.

5. Could this property be a good rental or investment?
Given its average metrics across value and size, it’s unlikely to outperform the market dramatically. However, its stability and established neighbourhood make it a low-risk option for steady rental income or a long-term hold. The smaller lot also means lower property tax implications relative to larger lots in Westwood.

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