59 Franklin Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 2,026-square-foot home built in 1996 on an 8,549-square-foot lot in Westwood, Winnipeg. What stands out is the land. It ranks second on the street for lot size—top 7%—and sits well above the neighbourhood average of 6,491 square feet. The assessed value is $598,000, which is elite for the area (top 3%) and strong citywide (top 8%). The living area is also above average across all three comparison levels, but the lot is the real differentiator here.

The appeal is both practical and comparative. You’re getting more house than most neighbours, on more land, without being in a brand-new development where lots are shrinking. The 1996 build date puts it among the newer homes in Westwood (top 1% in the neighbourhood), which means it avoids the wear of older stock while still having established landscaping and mature surroundings.

This property suits buyers who want space—both indoors and outdoors—without moving to a fringe suburb. It’s a good match for families, people who garden or want room for workshops, sheds, or a large deck, and anyone who values a quieter, more private lot in an established area. The assessed value suggests it holds well relative to the market, so it also appeals to buyers looking for solid long-term equity.

Five Frequently Asked Questions

1. How does this property compare to others on Franklin Bay specifically?
It ranks fourth out of 29 homes on the street for both living area and assessed value, and second for land area. So it’s one of the larger, more valuable properties on the block.

2. Is the assessed value of $598k close to market price?
Assessed value is a municipal estimate, not a market appraisal. It’s useful as a benchmark—and this one is strong—but actual sale price depends on condition, upgrades, and buyer demand. The ranking data suggests it’s priced high relative to the area, so you’d want to confirm the home’s condition and any recent renovations.

3. The house was built in 1996. What should I watch for at that age?
Homes from the mid-90s often still have original HVAC, roofing, and windows that may be nearing replacement. Plumbing and electrical systems are generally modern enough, but look for deferred maintenance. The advantage is that it’s newer than most homes in Westwood, so you’re less likely to face knob-and-tube wiring or lead pipes.

4. Why does the lot size matter so much here?
At 8,549 square feet, it’s significantly larger than the street average of 5,887 and the neighbourhood average of 6,491. More land means more privacy, room for additions or outbuildings, and often more mature trees. It also tends to hold value better over time, especially in older neighbourhoods where large lots are becoming rare.

5. What’s Westwood like as a neighbourhood?
Westwood is an established area with a mix of post-war and newer infill homes. It’s not a trendy downtown pocket, but it offers good access to schools, parks, and major routes. The average home age in the neighbourhood is 1966, so a 1996 build is relatively recent by local standards. If you want an older, character-heavy area, this isn’t that. If you want space and solid construction without being in a remote subdivision, it fits well.