7 Shakespeare Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,296 sqft home built in 1968 on a 5,868 sqft lot, with an assessed value of $402,000. What stands out is the imbalance between the property's dimensions. The house is small for its street—ranked 29th out of 32 homes on Shakespeare Bay, making it one of the more compact options in that immediate area. The lot size is also below the street average, ranking in the bottom 16% locally. However, the home is newer than most of its neighbors (ranked 5th out of 32 by year built), and the assessed value sits around the middle of the street (18th out of 32).

Zooming out, things look more balanced. Within the Westwood neighborhood and across Winnipeg, the home's living area and assessed value are close to average. The lot size, while small for its street, is typical for the wider area.

The appeal here is subtle. A buyer isn't getting the biggest house or yard, but they're getting a home that was built a bit later than others on the block—1968 versus the street average of 1968 (which suggests most homes are the same vintage or slightly older by a few years). That could mean fewer major structural updates upfront. The assessed value also suggests the property hasn't been dramatically over- or under-priced relative to its neighbors.

This would suit a buyer who prioritizes being on a quieter, less dense street in Westwood, and who is comfortable with a smaller interior and yard. It's less ideal for someone who wants maximum square footage or a standout lot for its street. First-time buyers or downsizers looking for a functional, no-fuss home in a stable neighborhood might find it a practical fit.

Frequently Asked Questions

1. Why is the living area ranked so low on the street but average citywide?
Shakespeare Bay has larger-than-average homes for Winnipeg. The street's median living area is 1,481 sqft, while the citywide average for comparable properties is 1,342 sqft. So this home is smaller relative to its immediate neighbors but typical for the city as a whole.

2. Does the "Below Average" land area rank mean the yard is unusable?
No. The lot is 5,868 sqft, which is about 600 sqft smaller than the street average. It's still a standard Winnipeg lot size for this area. The rank simply means most nearby homes have slightly more land—not that the yard is cramped.

3. How do the rankings work—are they based on all homes or just similar ones?
The rankings compare this property to "comparable homes" within each scope (street, neighborhood, city). The citywide comparison includes roughly 194,000 properties. A top 42% ranking citywide means it's slightly above the median for similar homes, but not by a wide margin.

4. Is the assessed value of $402,000 a good deal for this home?
It's around average for the street (ranked 18th out of 32) and above average for the neighborhood (top 29%). That suggests the home is priced competitively for its location—not a bargain, but reasonable given the smaller footprint. A buyer should still confirm the condition and any recent renovations.

5. What does "Year Built 1968 – Above Average" mean for maintenance?
It means the home is newer than roughly 84% of homes on the same street. While 1968 is not new, it's later than many neighboring properties. This could mean the structure (foundation, roof, wiring) may be in better shape than an older home, but systems like HVAC and plumbing are still around 57 years old unless updated.