232 Hammond Road – Property Summary
Key Characteristics & Buyer Profile
This 1,194 sqft bungalow, built in 1969, sits on a 6,003 sqft lot in the Westdale neighbourhood of Winnipeg. Its main strength is its land: the lot is larger than 71% of properties citywide and ranks in the top 29% locally, which is notable for an older established area where large lots are increasingly rare. The living space is above average for both the street and the neighbourhood—ranking in the top 17% and top 12% respectively—though it falls just below the citywide average for comparable homes. The assessed value of $326,000 tracks close to the street average and sits slightly above the neighbourhood median, suggesting the price reflects the lot size more than the house itself. The property is a fixer-upper or a candidate for renovation rather than a turnkey buy. It would best suit a buyer who values outdoor space in a mature neighbourhood and is comfortable updating a home from the late 60s, or someone looking to hold land in an area where building lots of this size are becoming scarce.
Frequently Asked Questions
How does the year built affect the property's appeal?
1969 places it among the oldest homes on the street (ranked #2 out of 100 for age), but the neighbourhood overall has a mix of older and newer builds. This means the house may have original systems and finishes that need attention, but it also suggests solid construction and mature landscaping on a lot that predates modern subdivision practices.
Why is the assessed value only "around average" when the lot is top-29% citywide?
Assessed value reflects the combination of land and improvements. A larger lot adds value, but an older house with possibly dated interior finishes keeps the total assessment in line with nearby homes that may have newer interiors on smaller lots. The value is more in the dirt than in the dwelling.
Is this property in a flood zone or high-risk area?
No flood risk information was provided in the data. However, Westdale is not typically known for chronic flooding. Buyers should still request a property disclosure and check local flood maps for the specific address, as drainage can vary street to street.
What renovations would offer the best return?
Given the land-to-structure ratio, a kitchen and bathroom refresh paired with mechanical upgrades (furnace, windows, roof) would likely add the most resale value. Expanding the living space via a rear addition or basement development could also capitalize on the large lot, but would need to respect neighbourhood character guidelines.
How do property taxes compare for larger lots in Westdale?
Property taxes are based on the $326,000 assessed value. In Westdale, homes with similar lot sizes and moderate house values tend to have tax bills that are competitive relative to newer subdivisions, but are slightly higher per sqft of house due to the land component. A call to the city's assessment office would give a precise figure for this address.