66 Cortez Bay – Property Overview

Key Characteristics & Buyer Profile

This is a 1,040 sqft bungalow built in 1969 on a 5,274 sqft lot in Winnipeg’s Westwood neighbourhood. The property’s standout feature is its construction year: it’s the oldest home on its street (ranked #1 out of 35) and falls within the top 8% of the neighbourhood for year built. That’s not a mark of prestige in the usual sense—it means the home has likely been maintained or updated over time, or it sits among newer infill development. Either way, the age gives it a distinct position relative to its immediate neighbours.

In terms of living area, the home is below average both on the street and in the neighbourhood. The assessed value sits near the middle of the pack citywide—around $363,000—which is slightly below the street and neighbourhood averages. The lot is also on the smaller side for the area, notably the smallest on its street.

The appeal here is more about trade-offs than obvious strengths. A buyer gets a home that’s priced below many nearby properties, with a yard that’s manageable rather than sprawling. It would suit someone who values being in Westwood—a mature, established area—but isn’t looking for a premium finish or maximum square footage. It could also work for a buyer planning renovations, given the below-average valuation leaves room for added value through updates. This is not a turnkey home for someone chasing status within the neighbourhood; it’s a practical entry point into a stable location.

Frequently Asked Questions

1. How does this property compare to others on Cortez Bay?
It ranks at the bottom for lot size (35th out of 35) and below average for living area. However, it’s the oldest home on the street, which often means lower purchase price relative to newer builds. If you’re comparing directly to neighbours, expect a smaller footprint and yard.

2. Is the assessed value a fair reflection of the home’s condition?
Assessed value is based on market data and physical characteristics, not cosmetic condition. At $363,000, it’s below both the street and neighbourhood averages. That could mean the home needs updates, or simply that it’s smaller. A home inspection would clarify whether the valuation aligns with actual condition.

3. Why is being the oldest house on the street considered a positive?
It’s not inherently positive—it depends on maintenance. But in a neighbourhood where most homes were built around the same era (1966 average), being slightly older isn’t unusual. The “#1” rank here simply means no other home on the street was built earlier. It could indicate original character, or it could mean deferred maintenance. Context matters.

4. How does the lot size affect usability?
At 5,274 sqft, the lot is smaller than average for Westwood (6,491 sqft). It’s still a standard city lot—enough for a small garden, a patio, and some outdoor space—but not ideal for someone wanting a large yard, a detached workshop, or room for expansion. It’s practical rather than generous.

5. What kind of buyer typically considers this property?
Typically, a first-time buyer or someone downsizing who wants to be in a well-established Winnipeg neighbourhood without paying a premium. It’s also suited to an investor looking for a property with below-average valuation in a stable area—especially if they plan to renovate and build equity over time.