18 Foxberry Bay – Property Summary
Key Characteristics
This is a 1,012 sqft home built in 1972 on a 3,498 sqft lot, with an assessed value of $257,000. The numbers tell a practical story. On its street, the home stands out for its living area—ranked in the top 19%—but the lot is more typical of the block. Compared to the wider Westdale neighbourhood and Winnipeg as a whole, both the living space and land are below average. The assessed value is modest, ranking in the bottom quarter locally and citywide.
Where the appeal lies: For someone who values interior space over yard size, this property offers a relatively generous floor plan for the street without paying a premium for a larger lot. The home is also from the early 1970s, a vintage that often means solid construction and more sensible room layouts than newer builds, while still being newer than many citywide comparables. The lower assessed value could translate to more manageable property taxes and a potentially lower entry price than neighbouring homes.
Ideal buyers: First-time buyers looking for a practical, affordable entry into Westdale; downsizers who want a manageable single-floor living area without a large yard to maintain; or investors seeking a property with below-market value in a desirable neighbourhood where value-add potential exists through updates.
Frequently Asked Questions
1. How does this property compare to others on Foxberry Bay?
It's one of the larger homes on the street by living area (top 19%), but sits on a slightly smaller lot than average. The assessed value is below the street's average, which could make it a relative bargain.
2. Is Westdale considered a good neighbourhood for resale value?
Westdale is a well-established area with solid demand due to its proximity to parks, schools, and amenities. While this specific home's value is lower than the neighbourhood average, the location itself tends to hold value well over time.
3. What should a buyer expect in terms of maintenance for a 1972 home?
Homes of this era typically require attention to mechanicals (furnace, electrical, plumbing) and windows if not already updated. The roof and foundation should be inspected, but 1970s construction is generally straightforward to work with.
4. Does the smaller lot limit future expansion or renovations?
Possibly. A 3,498 sqft lot is below average for the area, so adding a large addition or garage may require a variance. However, the existing living area is already above street average, so many buyers may not need to expand.
5. Why is the assessed value so much lower than the citywide average?
Assessed value reflects market conditions, location, and property characteristics. This home's size, age, and lot keep its value below the city median, but the lower assessment also means lower property taxes relative to higher-priced homes.