388 Westmount Drive – Property Summary

Key Characteristics & Appeal

This is a 1,185 sqft home built in 1961 on a 5,753 sqft lot in Winnipeg’s Windsor Park neighbourhood. The standout feature is its assessed value: at $423,000, it ranks in the top 3% on its street and top 4% in the neighbourhood, well above the local averages of $363,400 and $354,200 respectively. The living area is also above average for both the street and neighbourhood (top 21% in both cases), though it sits close to the citywide median. What this suggests is a property that offers strong perceived value relative to its immediate surroundings—likely reflecting updates, finishes, or location advantages that aren't fully captured by the floor plan alone. The land area is slightly below the local average, but consistent with many homes in this established area. This property would suit a buyer who values a well-positioned home in a solid mid-century neighbourhood, where the price is driven more by desirability and condition than sheer square footage. It’s a good fit for someone looking for a move-in-ready home that already holds its value well compared to neighbours, rather than a fixer-upper or a house with maximum room count.

Frequently Asked Questions

1. How does this home’s size compare to typical homes in Windsor Park?
   The living area (1,185 sqft) is above the neighbourhood average of 1,091 sqft, placing it in the top 21% of comparable homes locally. It’s slightly below the citywide average for similar properties (1,342 sqft), so it’s not oversized, but it offers more interior space than most homes on its street.

2. Why is the assessed value so much higher than the neighbourhood average?
   The assessed value ($423,000) is roughly 19% above the Windsor Park average. This likely reflects a combination of factors: a well-maintained or updated interior, a desirable location within the neighbourhood, or possibly recent renovations that increased the home’s market value faster than the surrounding stock. The data doesn’t specify the exact cause, but the ranking suggests it’s a standout property in its immediate area.

3. Is the lot size small for this area?
   It’s slightly below average. The lot is 5,753 sqft, compared to the neighbourhood average of 6,030 sqft and the street average of 6,071 sqft. It’s not unusually small, but if you need a large yard or extra outdoor space, you might find more generous lots elsewhere in Windsor Park.

4. How old is the house, and does that affect its condition?
   Built in 1961, it’s typical for the street and neighbourhood (average years are 1962 and 1961, respectively). It’s older than the citywide average (1966), but many homes in this area are from the same era. Age alone isn’t a red flag, but you’ll want to check for updates to major systems (roof, HVAC, windows) during a viewing.

5. What does “top 3% on the street” really mean for resale value?
   It means this home is among the most highly assessed on Westmount Drive, which often correlates with strong resale potential. However, it also means the purchase price is already at a premium compared to direct neighbours. Future value growth may depend on continued upkeep and broader market trends, rather than “catching up” to the area.