Property Summary: 43 Foxberry Bay
Key Characteristics & Buyer Profile
This is a 1972-built home with 780 sq ft of living space on a 4,839 sq ft lot. What stands out most is the lot size—it ranks in the top 19% on its street, meaning more outdoor space than most neighbours. The assessed value sits at $259,000, close to the street average but well below the citywide median. The living area is on the smaller side, ranking in the bottom 11% on Foxberry Bay and trailing both the neighbourhood and city averages.
The appeal here is less about the house itself and more about the land and location within Westdale. For someone who values yard space or has ideas about expanding, the larger lot offers room that the interior doesn’t. It’s also a property that’s priced below many in the area, which could work for buyers priced out of the higher-end Westdale market but wanting to stay in the neighbourhood. That said, the smaller floor plan and 1970s construction date mean it’s likely a fixer-upper or a candidate for a renovation. It suits buyers who are willing to invest sweat equity or a renovation budget to bring the interior up to modern standards, rather than someone looking for move-in-ready convenience.
Five Possible FAQs
1. How does the size of this home compare to others in the area?
The living area is smaller than average by a clear margin. On its own street, it ranks 48th out of 54 homes, and it’s below both the Westdale neighbourhood average (1,029 sq ft) and the Winnipeg city average (1,342 sq ft). The lot, however, is generous for the street—4,839 sq ft puts it in the top 20% locally.
2. Is this home overpriced or underpriced relative to similar properties?
The assessed value of $259,000 is close to the Foxberry Bay average but quite a bit lower than the Westdale average of $307,000. Given the smaller living area, that price reflects the trade-off: you’re paying for land and location, not interior square footage. It’s competitive for the street, but not a steal.
3. What year was the home built, and how does that affect its condition?
Built in 1972, right around the average for both the street and the neighbourhood. It’s not unusually old for the area, but it’s not new either. Expect typical 50-year-old-home considerations: potential updates needed for mechanicals, windows, insulation, and finishes.
4. Would this work as an investment property?
Potentially, but more as a land play or a renovation project than a passive rental. The relatively low assessed value and larger lot mean there’s upside if you add square footage or improve the home significantly. But as-is, the small interior limits rental appeal and resale value.
5. Who is the ideal buyer for this property?
Someone looking to get into Westdale without paying a premium, who’s comfortable with a smaller house and ready to renovate. First-time buyers with some renovation experience, or investors interested in adding value through expansion, would find it a better fit than a family needing immediate space.