15 Collingham Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 933 sqft home built in 1970 on a 5,998 sqft lot in Westdale, Winnipeg. Its assessed value is $353,000.
The property’s main draw is its lot size relative to the neighbourhood. While the lot is slightly below the street average, it ranks above average within Westdale and exceeds many citywide comparables. This suggests decent yard space for a home of this age and size. The assessed value is also strong within the neighbourhood—top 23%—which may reflect desirability of the location or improvements made.
That said, the living area is below average on the street and compared to the city as a whole. The home is smaller than many nearby properties, which could be a limitation for families needing more square footage, but also means lower entry cost for someone targeting this area.
The construction year (1970) is unremarkable for the neighbourhood but slightly newer than the citywide average. Buyers should expect maintenance typical for a home of that era.
This property would suit:
- First-time buyers looking for a smaller, more affordable entry into Westdale.
- Buyers who prioritize lot size over interior square footage.
- Anyone who values relative value within a specific neighbourhood—the home’s assessed value stands out locally more than its size does.
Five Possible FAQs
1. How does this home’s size compare to others in the area?
It’s smaller than most. The living area is below average on Collingham Bay (ranked 27th out of 29 homes) and below the citywide average for similar properties. If interior space is critical, this may not be the best fit.
2. Is the lot size unusual for this street?
It’s around average on Collingham Bay (5,998 sqft vs. a street average of 7,230 sqft), but it ranks higher within Westdale (top 31%) and citywide (top 32%). In context, the lot is more generous relative to the broader area than to properties immediately nearby.
3. Does the assessed value indicate the property is overpriced?
Not necessarily. The assessed value is above the neighbourhood average ($353K vs. $307K) and ranks in the top 23% locally. That could reflect recent updates or location advantages within Westdale. It’s around average citywide, so it’s not an outlier.
4. What should I know about a home built in 1970?
Homes from this era often have original systems or materials that may need updating—electrical, plumbing, insulation, windows. It’s worth getting a thorough inspection. Being slightly newer than the city average (1966) is a minor advantage but doesn’t change the general maintenance outlook.
5. How does this property compare to others on the same street and in the broader city?
On the street, this home is among the smallest and oldest but priced around the middle. Within Westdale, it’s more competitive: above average in value and lot size, though still behind on square footage. Citywide, it’s a fairly typical older home with a slightly better-than-average lot.