Property Overview

This 1,133-square-foot home on Browning Boulevard in Westwood, Winnipeg, was built in 1964. Its key characteristics are modestly sized relative to its surroundings. The livable area sits below the street and neighbourhood averages, ranking in the bottom quarter of both. The land parcel is 5,774 square feet, which is slightly smaller than the street and neighbourhood medians but ranks higher city-wide. The assessed tax value of $334,000 is below both the street and neighbourhood averages, though close to the city-wide norm. The property’s strongest metric is its age: built in 1964, it is newer than most homes on its street.

The appeal lies in its relative affordability and its position within a well-established Westwood neighbourhood. Because the assessed value is lower than comparable properties nearby, the tax burden is proportionally lighter. This makes the home a practical option for buyers who prioritize lower carrying costs over maximum square footage. The land, while not oversized, is typical for the area and offers a standard urban lot.

This property would suit first-time buyers entering the market, downsizers looking for a more manageable footprint in a stable neighbourhood, or investors seeking a property with a lower entry point and reasonable holding costs. It is less suited for buyers who need maximum space or who place a premium on a home that stands out in size or valuation within its immediate area.

Frequently Asked Questions

1. How does the property compare to others in Westwood?
It is smaller than most homes in the neighbourhood for both living area and lot size. Its assessed value is also below the Westwood average, which keeps property taxes lower than many comparable homes in the area.

2. Is this a good investment?
Because the home is priced below neighbourhood averages, there is potential for value growth if the area appreciates. That said, the property itself is not oversized or upgraded relative to its peers, so gains would likely follow broader market trends rather than being driven by unique features.

3. How old is the house, and does that matter?
Built in 1964, it is newer than most homes on Browning Boulevard but right around the median for Westwood and Winnipeg overall. The age suggests standard mid-century construction, which can be durable but may require updates to systems like wiring, plumbing, or insulation depending on what has been done previously.

4. Why is the assessed value lower than the street average?
The lower assessed value reflects the home’s smaller living area and land size relative to neighbours. This is not a sign of poor condition, but rather a straightforward comparison of physical dimensions and tax assessment metrics.

5. What does "living area analysis" mean for this property?
It means the home’s square footage was compared to similar properties at three levels: the street, the neighbourhood, and the city. In all cases, the home is on the smaller side. For buyers, that translates to less space to maintain and heat, but also less room for large families or extensive home offices.