71 Shakespeare Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1968-built home with 1,523 sq ft of living space, set on a 5,663 sq ft lot in the Westwood area of Winnipeg. Its living area sits slightly above average for the broader neighbourhood and city, though it falls near the middle of its own street. The assessed value of $423,000 is also above the local and city averages, reflecting a property that holds its ground without being an outlier. The lot, at just under 5,700 sq ft, is noticeably smaller than most others on Shakespeare Bay—this is the property’s most distinct trade-off. The home is newer than many in the immediate area, ranking in the top 20% within the neighbourhood by build year.

The appeal lies in the balance of space and value. It offers a solidly sized interior for a family or couple who want room to spread out, but doesn’t demand a premium for excessive land. This makes it suited for buyers who prioritize indoor square footage and a manageable yard—perhaps empty-nesters downsizing from a larger property, or a younger family who doesn’t need an expansive garden. It also appeals to someone who wants a home that’s already well-positioned relative to local averages, without needing to pay for the biggest lot on the block. The above-average assessment suggests the home has been maintained or updated in ways that add value, but the relatively compact lot keeps ongoing exterior upkeep modest.

Frequently Asked Questions

1. How does the living space compare to similar homes nearby?
The 1,523 sq ft is slightly above the average for Westwood (1,372 sq ft) and for Winnipeg overall (1,342 sq ft). On its own street, it’s right around the middle—ranked 15th out of 32 homes. So you’re getting more space than typical for the area, but not unusually large for the immediate block.

2. The lot seems small. Is that a concern?
It’s the second smallest lot on Shakespeare Bay, at 5,663 sq ft compared to the street average of 6,476 sq ft. Within Westwood and citywide, it’s much closer to average. The trade-off is less outdoor maintenance and potentially a lower entry price relative to larger lots nearby. If you value indoor space over a big yard, this is a practical choice.

3. Is the assessed value in line with what the home is worth?
The assessment of $423,000 is above the street average ($413,000) and well above the neighbourhood average ($392,000). Because assessment reflects market value as determined by the city, this suggests the home is considered a stronger asset than many nearby—likely due to its size, condition, or updates. It’s not overvalued for the area, but it’s priced to reflect its advantages.

4. How old is the home, and does that affect its condition?
Built in 1968, it’s actually newer than most homes on the street (ranked 5th out of 32) and in Westwood (top 18% by build year). That means it’s part of a later wave of construction in the area, which may come with more modern framing, wiring, or layout standards than some older neighbours. Still, a home of this age will benefit from having had key systems updated—it’s worth asking about the roof, furnace, and windows.

5. Who is this house best suited for?
It’s a strong fit for buyers who want a solid, above-average interior without paying a premium for land they won’t use. That could be a couple or small family who wants a comfortable living space in a settled neighbourhood, with a yard that’s easy to manage. It may also suit someone moving from a larger suburban home who wants to downsize the lot but not the house. The above-average assessment also suggests it could hold value well over time.