107 Shepton Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,194 sqft home built in 1974 on a 5,996 sqft lot, located in the Westdale neighbourhood of Winnipeg. Its assessed value is $417,000.
The property’s strongest feature is its assessed value relative to the immediate neighbourhood. It ranks in the top 2% of homes in Westdale by assessed value, and in the top 24% on its own street. This suggests a home that has held or gained value well compared to nearby properties, and could indicate above-average finishes, location advantages within the neighbourhood, or a larger-than-typical floor plan for the area.
The living area (1,194 sqft) is around average for the street and city, but notably above the Westdale neighbourhood average of 1,029 sqft. This means the home offers more interior space than many of its immediate neighbours, without being oversized. The land area (5,996 sqft) is also above the neighbourhood average (5,168 sqft), giving a decent-sized yard without the maintenance of a very large lot.
The year built (1974) is newer than the citywide average (1966) and ranks in the top 9% within Westdale. This places it among the newer homes in an established area—a plus for buyers who want a home that’s not brand new but avoids the older construction and potential upkeep issues of 1960s builds.
This property would suit a buyer who values a strong value-for-money position in a well-regarded neighbourhood. It is not a “starter” home in terms of price, but offers a solid middle ground: more space and a newer build than much of Westdale’s housing stock, without the premium of a fully renovated or custom home. It may appeal to families or professionals who want a stable asset in an older, character-rich area but prefer a home that is practical, not a project.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It ranks 11th out of 46 homes on Shepton Bay for assessed value (top 24%), meaning it is above average but not the most expensive. Its living area is roughly average for the street, while its land area is smaller than most—it ranks 31st out of 46. In short, it’s a higher-value home on a modestly sized lot.
2. Is Westdale considered a desirable neighbourhood?
Yes. The data shows Westdale homes have a much higher average assessed value ($307,400) than the citywide average for comparable homes ($390,100), which suggests it is an area with above-average property values. This home sits well above that neighbourhood average, reinforcing its strong position.
3. Why is the assessed value so high relative to the neighbourhood?
The home’s assessed value is 36% above the Westdale average. This could be due to a combination of factors: its living area is above the neighbourhood norm, its year built is newer than most, and it may have updates or features not captured in the raw statistics. Buyers should verify the condition and recent renovations during a viewing.
4. What is the lot like compared to others in the area?
At 5,996 sqft, the lot is larger than the Westdale average (5,168 sqft) but smaller than the average on its own street (7,917 sqft). It offers a good-sized yard for the neighbourhood without being oversized or requiring extensive upkeep. If you value outdoor space, it is a positive relative to the immediate area.
5. How old is the home, and is that a concern?
Built in 1974, the home is 50 years old. This is newer than the citywide average of 1966, and among the newer homes in Westdale (top 9%). Homes from the 1970s often have solid construction but may need updates to mechanical systems, windows, or insulation over time. The age is not a red flag, but a home inspection is recommended to assess the condition of major systems.