Key Characteristics & Suitability

This is a 1,163 sqft home in the Westwood neighborhood, built in 1960 on a 6,096 sqft lot. Its assessed value for tax purposes is $344,000.

The property’s primary appeal lies in its land size. Compared to other homes citywide, the lot ranks in the top 29%, meaning it’s bigger than most. The home itself is close to average in living area, both on its street and across Winnipeg. The tax assessment is below the neighborhood and city averages, which may keep annual property taxes relatively modest.

This property would likely suit a buyer who values outdoor space more than a large interior footprint. It could also appeal to someone who wants to live in an established, mid-century neighborhood without paying a premium for a fully renovated or expanded house. Because the home’s size and age are typical for the street and area, it’s a good candidate for a buyer who plans to do their own updates over time, rather than buying a move-in-ready property.

FAQs

1. What does “close to average” mean in the context of this property’s rankings?
It means the home’s living area, build year, and assessed value are near the middle of the distribution for its street, neighborhood, and city. For example, living space ranks in the 54th percentile citywide, slightly above the midpoint. This indicates a house that is typical for its area, without any extreme advantages or disadvantages in these categories.

2. How does the lot affect the property’s value compared to other homes in Westwood?
Locally, the lot is about average for Westwood (43rd percentile), but citywide it’s above average (29th percentile). This means that while lots this size are common in the neighborhood, they’re less common across Winnipeg as a whole. That can make the property more attractive to buyers looking for outdoor space who are willing to consider the city’s older suburbs.

3. Is the lower-than-average tax assessment a sign of a problem?
Not necessarily. Assessed value reflects market conditions and property characteristics at a point in time. A lower assessment can simply mean the home hasn’t been updated as recently as others in the area. It may also result in lower annual property taxes, which is a practical advantage for a buyer on a budget.

4. Why is the build year listed as “below average” for the neighborhood but “close to average” citywide?
The home was built in 1960. Most homes in Westwood were built around 1966, so this house is slightly older than its immediate neighbors. However, because many homes across Winnipeg date from the same era, 1960 is not unusual citywide. This means the property fits in well with the city’s overall housing stock but may feel a bit dated relative to its specific street.

5. Does the ranking information help with negotiating a purchase price?
It provides context, but it’s not a direct valuation tool. For example, the lot ranks well citywide, which could be a point in the seller’s favor. But the living area and assessment being average or below average locally gives a buyer room to argue that the home doesn’t command a premium. These numbers are useful for understanding where the property stands, but an appraisal and market comparables will give a more precise price picture.