88 Manitou Bay | Property Summary

Key Characteristics & Buyer Profile

This is a 1,058-square-foot bungalow built in 1963 on a 5,497-square-foot lot in Winnipeg’s Westwood neighbourhood. Its assessed value sits at $343,000. The standout feature here is not the size or the price—it’s the relative value within its immediate context. On its own street, the home ranks in the bottom quarter for living area and land size, and it’s slightly below average in assessed value compared to neighbours. But widen the lens to the city as a whole, and it lands right around the median in both living space and value. That gap is the appeal.

The property suits a buyer who wants into an established street without paying a premium for the largest lot or the newest build. It’s a realistic entry point into a neighbourhood where average values and sizes are higher, meaning the downside risk is somewhat cushioned by the street’s overall desirability. It may also appeal to someone who sees potential in a 1963 home with a modest footprint—perhaps a first-time buyer looking for a project, or an investor prioritizing location over turnkey condition. The land, while smaller than the street norm, is still generous by city standards, which hints at outdoor space without the maintenance of a larger yard.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It’s on the smaller and lower-value end. Only two homes on Manitou Bay have less living area, and three have smaller lots. Assessed value ranks 27th out of 36 homes. It’s a budget-conscious option on a street where most homes are larger and worth more.

2. Is the assessed value of $343,000 reasonable for the area?
It’s below the street average of $371,500 and well under the neighbourhood average of $392,100. Citywide, it sits near the middle. The valuation reflects the smaller living area and lot, but it’s not out of step with what similar-sized homes trade for in older Winnipeg neighbourhoods.

3. How old is the house, and is that a concern?
Built in 1963—slightly older than many homes on the street and in the neighbourhood, but right around the citywide median for comparable properties. Age isn’t unusual here, but a thorough inspection should focus on original systems, foundation, and insulation, as updates may vary.

4. What is the lot size, and does it feel cramped?
At 5,497 square feet, the lot is smaller than most on the street—ranked 33rd out of 36—and below the neighbourhood average of 6,491 square feet. That said, it’s still solidly average for Winnipeg overall. You’ll have a yard, but it’s compact relative to nearby properties.

5. Who typically buys a home like this?
Often buyers who want into Westwood without stretching for the top of the market. It could be a couple or small family looking for a starter home on a good street, or someone willing to invest in updates over time. Because the assessed value ranks higher citywide than locally, there’s also a case for moderate long-term value growth if the street continues to appreciate.