106 Shepton Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,130 sqft single-family home built in 1974 on an 8,399 sqft lot in Westdale, Winnipeg.
What stands out here is the land. The lot ranks in the top 10% citywide, and in the top 6% within the neighbourhood—significantly larger than the Westdale average of 5,168 sqft. The assessed value of $411,000 is in the top 3% of the neighbourhood, well above the local average of $307,400, which suggests this property has above-average quality, finishes, or updates compared to nearby homes. The home itself is newer than most on its street (top 7%) and sits in a neighbourhood where most homes date to the early 1970s.
The living area is slightly below the citywide average but roughly in line with the street average. It’s not a standout for interior square footage.
This property would suit a buyer who prioritises outdoor space and yard potential over maximum indoor square footage. It might appeal to someone with gardening, renovation, or expansion plans—or someone who simply values a larger, private lot in an established neighbourhood. Because the assessed value is high relative to the neighbourhood, this may also attract buyers looking for a move-in-ready home in a desirable pocket of Westdale, rather than a fixer-upper. It’s less suited to someone who wants a large, open-concept interior or a newer build in a developing suburb.
Frequently Asked Questions
1. How does the assessed value compare to what homes actually sell for in this area?
The assessed value is a municipal estimate based on market conditions at a fixed point in time, not a current sale price. A property ranking in the top 3% of the neighbourhood for assessed value suggests it’s among the higher-end homes in Westdale, but actual sale prices depend on condition, upgrades, and market demand when it lists.
2. Is the living area considered small for a home of this era?
At 1,130 sqft, it’s slightly smaller than the citywide average for comparable homes (1,342 sqft) but within typical range for a 1974 home in this area. Many homes built in the 1970s prioritised functional layouts over square footage. Some buyers find these floor plans more efficient than newer, open-concept designs.
3. What does it mean that the lot is in the top 10% citywide?
It means the lot size is larger than about 90% of residential properties in Winnipeg. Combined with the home’s age, this could be attractive for potential renovations, additions, or even future subdivision—though that would depend on zoning and city regulations.
4. How does the neighbourhood of Westdale compare to surrounding areas?
Westdale is generally well-established with mature trees and larger lots. The data shows home values here are above the citywide average, and the property’s assessed value puts it in the top 3% locally, indicating it sits in a stronger pocket within the neighbourhood.
5. What should I look for when viewing a 1974 home?
Homes of this era often have original mechanical systems (furnace, electrical panel, plumbing) or windows that may need updating. The larger lot can also mean more mature landscaping to maintain. A home inspection is especially useful to assess the age of the roof, foundation condition, and any past renovations.