62 Westmount Bay — Property Summary

1. Key Characteristics & What to Expect

This is a 1962-built home with 1,040 sq ft of living space on a notably large 6,550 sq ft lot. The lot size is a standout feature: it ranks in the top 11% on Westmount Bay and top 22% citywide in Winnipeg. For comparison, the street average is 6,071 sq ft and the neighborhood average is 6,030 sq ft, so this property offers a generous outdoor footprint relative to nearby homes.

The assessed value sits at $366,000, which is very close to the street average ($363,400) but slightly above the neighborhood average ($354,200). This suggests the home is priced in line with its immediate peers, while the larger lot may offer additional long-term value relative to the neighborhood norm.

The living area is slightly below the street, neighborhood, and city averages, which is typical for a property where the lot is the main draw. The 1962 build year is above average for the street and neighborhood, meaning it's older than many surrounding homes but not unusually so in the broader city context.

Who this suits: Buyers who prioritize outdoor space—gardening, expansion potential, or simply room to breathe—over indoor square footage. Also well-suited for someone comfortable with a classic 1960s layout who sees the lot as the primary asset. It may be less ideal for buyers who need maximum finished interior space or a move-in-ready modern layout without modifications.

2. Five Possible FAQs

The lot is listed as 6,550 sq ft — is that typical for this area?
No, it's larger than average. Most homes on Westmount Bay have lots around 6,071 sq ft, and the neighborhood average is 6,030 sq ft. This lot is in the top 11% on the street and top 22% citywide, so it's a significant advantage.

How does the assessed value compare to similar homes nearby?
The assessed value of $366,000 is slightly above the street average ($363,400) and the neighborhood average ($354,200). It falls just below the citywide average for comparable homes ($390,100). The assessment suggests the larger lot is reflected in the value, but not dramatically so.

Is the 1,040 sq ft living area considered small for the area?
It's below the street average (1,138 sq ft), neighborhood average (1,091 sq ft), and city average (1,342 sq ft). The living area ranks in the top 63% on the street and top 55% in the neighborhood, which means it's around average for the immediate area but on the smaller side citywide.

What does the 1962 build year mean in terms of condition or updates?
The home is older than most on this street (top 20% oldest) and in the neighborhood (top 26% oldest), but close to the citywide average for similar homes (1966). As with any 60+ year-old property, you should expect original features or systems may need attention unless recent updates have been made. No specific condition information is included in the data.

Where can I see how this property compares to nearby homes on a map?
The listing includes a "neighbourhood map analysis" tool that allows you to compare year built, living area, assessed value, and lot size with surrounding properties. This is accessible from the property detail page. It's a practical way to see how the lot and value stack up visually against neighbors.