Key Characteristics & Ideal Buyer Profile
This is a 1,040 sqft single-family home built in 1974 on a 5,993 sqft lot, located at 59 Collingham Bay in the Westdale neighbourhood of Winnipeg. Its most distinctive feature is the construction year—it’s the newest home on its street and newer than 91% of homes in the broader Westdale area. The assessed value sits at $354,000, which is above average for the neighbourhood but slightly below the citywide median. The lot is smaller than typical for Collingham Bay but still comfortably larger than the Westdale average, giving a middle ground between a compact yard and a manageable outdoor space.
The appeal here is straightforward: it offers a relatively modern structure (for the area) without the premium of a brand-new build, paired with a land size that feels generous in the context of the neighbourhood. For buyers, the house lands close to average in square footage across all scales—street, community, and city—meaning it’s not oversized or cramped, just solidly mid-range. The property suits someone who wants a newer interior and roof timeline without paying for a full renovation or a freshly constructed home. It would also work well for a family or couple looking to stay in Westdale but wanting something built more recently than the neighbourhood’s older stock. Because the lot is modest by street standards, it might appeal more to those who prefer a lower-maintenance yard than what’s typical on the block.
Frequently Asked Questions (FAQs)
1. How does the property’s assessed value compare to others nearby?
The assessed value of $354,000 is slightly above the street average of $348,000, and significantly above the Westdale average of $307,000. Citywide, it falls below the Winnipeg median of $390,000, meaning it’s priced competitively for its neighbourhood but isn’t a bargain relative to the whole city.
2. Is the lot size a disadvantage?
It’s smaller than most other homes on Collingham Bay, where the average lot is 7,230 sqft. But compared to the broader Westdale area (5,168 sqft average) and the city average, it’s actually quite close to the norm. A smaller lot means less mowing and upkeep, which could be a plus for some buyers.
3. Why is the construction year considered a strength?
The house was built in 1974, making it the newest on its street and newer than about 91% of homes in Westdale. In a neighbourhood where many homes date from the late 1960s to early 1970s, this often translates to updated building practices, better insulation, and potentially fewer immediate repair needs—without the cost of a new build.
4. How does the living space compare to other homes?
At 1,040 sqft, it’s nearly identical to the Westdale average (1,029 sqft) and the street average (1,066 sqft). It’s on the smaller side compared to the citywide average of 1,342 sqft. This makes it a solid mid-range option for the area, but not a spacious home by Winnipeg standards.
5. Who typically buys homes in this part of Westdale?
Buyers here are often a mix of young families, long-term residents, and people looking for a stable, mid-priced neighbourhood with decent schools and access to amenities. The fact that this home is newer than most on the street can attract buyers who want less deferred maintenance but still value the established character of the area.