Property Overview & Key Characteristics
This two-storey home at 144 Westgrove Way in Winnipeg's Westdale neighbourhood presents a practical and value-conscious opportunity. Built in 1971, its key appeal lies in a combination of a generous, above-average lot size (2,281 sq ft) and a recently renovated basement, adding valuable finished space to the 1,012 sq ft main living area. While the home lacks a garage, its lot ranks in the top 30% on its street for size, offering good outdoor potential.
The property suits first-time buyers or downsizers looking for a solid, low-maintenance footprint in a stable area. Its assessed value is notably higher than its 2023 sale price, which may indicate room for equity growth. A thoughtful perspective is its positioning within Westdale: it sits in a pocket of homes with similar valuations, suggesting a consistent and predictable market environment rather than being an outlier. This can be appealing for buyers seeking stability over flashier, more volatile investments.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 2,281 sq ft is a standout feature, ranking in the top 5% of the entire Westdale neighbourhood. This means you're getting more outdoor space than most properties nearby.
2. The home sold recently in 2023. What does that mean for me?
The sale just a year ago provides a very clear, recent benchmark for the home's market value, which can offer confidence in your own pricing and negotiation. It also suggests potential for quick turnover when you decide to sell in the future.
3. The assessed value is higher than the 2023 sale price. Why is that?
Municipal assessments for tax purposes often lag behind current market sales and consider different factors. This discrepancy is common and doesn't necessarily reflect a problem; it can sometimes point to a purchase that was made below the city's perceived value at the time.
4. What are the neighbours like?
The direct neighbouring properties on Westgrove Way are all very close in proximity, typical of the area's layout. The provided data shows nearby homes have sold in a similar price range, indicating a uniform, established community character.
5. Is the lack of a garage a significant drawback?
While a garage is absent, the large lot provides ample space for adding a parking pad or future structure, subject to local bylaws. For buyers who prioritize yard space over covered parking, this is often seen as a reasonable trade-off.