8 Holt Drive – Property Summary

Key Characteristics & Buyer Profile

This 1,157 sqft bungalow built in 1966 sits on a 5,328 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is assessed value: ranked in the top 14% on the street and top 27% in the neighbourhood, with an assessed value of $408,000—well above both the street average ($378,600) and neighbourhood average ($392,100). This suggests the property holds above-average market value relative to its immediate surroundings.

However, the home is smaller than typical for the street and neighbourhood. Living area ranks in the bottom fifth on Holt Drive, and land area is also below the neighbourhood average. The year built (1966) is typical for the area.

Where the appeal lies: The value-to-size ratio is unusual—you’re paying a premium for a property that offers less square footage and a smaller lot than most neighbours. This may reflect recent renovations, a desirable location within the street, or other non-measured features (condition, layout, lot shape, proximity to amenities). The citywide rankings are generally mid-range, meaning this is not an outlier in Winnipeg as a whole.

Who it suits: Buyers who prioritize location and assessed value over raw space—perhaps downsizers, empty-nesters, or investors looking for a property with strong relative value on the street. Not ideal for families needing maximum living area or lot size for the price. Also worth considering for someone who values a smaller footprint with less maintenance, provided the interior condition justifies the higher assessed value.

Five Possible FAQs

1. Why is the assessed value high despite the smaller living area?
Assessed value is based on more than square footage—it considers location, lot desirability, recent sales, and property condition. This home ranks near the top on the street for value, but near the bottom for size. That gap often points to either a well-updated interior, a premium lot position, or a quieter block within Westwood.

2. How does the lot size affect usability?
At 5,328 sqft, the land is smaller than the Westwood average (6,491 sqft) but around average citywide. For context, that’s enough for a modest yard, garden, or small play area. It won’t suit someone wanting a large backyard or room for an addition without careful planning. The lot shape and orientation aren’t disclosed here, so it’s worth viewing in person.

3. Is the 1966 build a concern for maintenance?
Homes from that era are common in Winnipeg. The year is typical for the street and neighbourhood. Age alone isn’t a red flag—what matters are updates to major systems (roof, windows, HVAC, plumbing, electrical). This property’s high assessed value could indicate recent upgrades, but that should be verified during a walkthrough or with a home inspection.

4. How does this property compare to others on Holt Drive?
On Holt Drive, this home is one of the most valuable (top 14% by assessed value) but one of the smallest (bottom 19% by living area). It’s also one of the earliest-built (top 8% for year built, meaning one of the newest on the street). That combination—newer, smaller, higher value—is uncommon and suggests a specific buyer who values those trade-offs.

5. Should I expect the assessed value to increase or decrease?
Assessed value is not a prediction; it’s a snapshot based on market data at a point in time. Citywide, this home is around average (top 36%), while on the street it’s well above average. If the street’s values rise, this property may follow. If the higher value is tied to a specific feature (like a recent kitchen remodel or a unique lot), that value may hold only as long as that feature remains attractive. For a clearer picture, compare recent sale prices of similar-sized homes in Westwood.