162 Hammond Road – Property Summary

Key Characteristics & Buyer Profile

This is a compact 856 sqft home on a generous 5,500 sqft lot in Winnipeg's Westdale neighbourhood, built in 1968. The property is assessed at $335,000, placing it around the average for its street but slightly above the neighbourhood median.

The home's main appeal is its land-to-living-area ratio. While the living space is below average on its street (ranked 75th out of 100) and well below the citywide average of 1,342 sqft, the lot size—though below average for Hammond Road—lands right around the neighbourhood average. This means you're getting a modest footprint on a decent-sized parcel in a mature area. For buyers who value outdoor space or see potential for future expansion, that trade-off could be meaningful.

Westdale itself skews toward older homes, and this property's 1968 build is actually slightly newer than much of the neighbourhood (ranked 1,287 out of 1,460). That suggests some surrounding homes may require more updating, which can be a subtle advantage for resale or neighborhood stability.

This home would suit:

• First-time buyers looking for an affordable entry into a well-established area
• Those who prioritize yard space over interior square footage
• Renovators or investors attracted to the land value relative to the structure
• Buyers who prefer an older neighbourhood with mature trees and established lots, rather than new subdivisions

The assessed value ranking is strongest at the neighbourhood level (top 37%), suggesting the market sees this property as holding its own relative to nearby homes—even though it's smaller than many.

Five Possible FAQs

1. Is the living area considered small for this price range in Winnipeg?
Yes. At 856 sqft, it's below the citywide average for comparable homes (1,342 sqft). But the assessed value is also below the citywide average ($390K vs. $335K), so the price reflects that. You're paying less for less square footage, with the trade-off being more land.

2. How does the lot compare to other homes in Westdale?
The 5,500 sqft lot is right around the neighbourhood average (5,168 sqft), even though it's smaller than typical lots on Hammond Road itself (6,075 sqft). So while you're on a smaller lot relative to immediate neighbours, you're not undersized for the broader area.

3. Is this property a good candidate for an addition or renovation?
Potentially. The land is average for the neighbourhood, so there's room to expand—but you'd want to check zoning setbacks and any restrictive covenants. The fact that the home is on the smaller side for its street may also mean additions are more common here, which can be a positive sign for resale if done properly.

4. Why is the street-level rank for assessed value (48th) lower than the neighbourhood rank (37th)?
That seems backwards, but it's correct: on Hammond Road, this home sits around the middle of the pack (48th out of 100). Within the broader Westdale neighbourhood, it ranks higher (533rd out of 1,460, top 37%). This suggests the street itself has a mix of higher-value homes, while the wider neighbourhood includes more modest properties that make this home look better by comparison.

5. What's the significance of the "Top 50%" ranking for year built citywide?
It means this home is essentially average age for Winnipeg as a whole. But within Westdale, it's older than most (top 88%). In practice, that means you're buying one of the older homes in an older neighbourhood—which isn't necessarily bad, but it does mean nearby homes could be either more dated or more extensively renovated. It's worth looking at the block directly to see which direction values are trending.