62 Foxberry Bay – Property Summary
Key Characteristics & Appeal
This 1,008 sq ft home, built in 1973, sits on a 3,198 sq ft lot in the Westdale neighbourhood of Winnipeg. Its standout feature is the building year: on its street, it ranks in the top 6% for newer construction, and within the community it falls in the top 18%. This means a buyer gets a home that, relative to its immediate surroundings, is more recently built—often linked to fewer major structural surprises than older neighbouring stock.
The living space is close to average for both the street and community (ranking in the top 59% and 58%, respectively), placing it in a typical middle range for the area. Where the property diverges is lot size and assessed value. The land is on the smaller side—ranking in the bottom 20% on the street and bottom 16% in the community. The assessed value ($259,000) is also below the local average ($307,000) and well below the citywide average ($390,000). This combination suggests the home offers a lower entry point into a neighbourhood where many properties carry higher price tags, but with the trade-off of less outdoor space and lower land value.
This property suits buyers who want a reasonably modest footprint in an established neighbourhood, particularly those who prioritize the structure’s relative newness over a large yard. It may also appeal to anyone looking for a more measured financial commitment in a community where average valuations are higher, provided they’re comfortable with a smaller lot.
Frequently Asked Questions
1. How does the price compare to similar homes nearby?
The assessed value at $259,000 sits notably below the Westdale average of $307,000 and the city average of $390,000. On its own street, it’s close to the median. This suggests a more affordable price point relative to the neighbourhood’s typical values.
2. Why is the lot considered small, and what does that mean practically?
At 3,198 sq ft, the lot is roughly 22% smaller than the street average of 4,103 sq ft and well below the community’s typical 5,168 sq ft. In practical terms, this usually means less lawn maintenance, less space for additions or sheds, and a tighter outdoor footprint—something to factor in if gardening or outdoor entertaining matters.
3. Is the home in good condition given it was built in 1973?
There’s no direct condition data here, but 1973 is a common build year in Winnipeg. Buyers should still budget for updates typical of a 50-plus-year-old home—roof, windows, furnace, plumbing. The ranking suggests it’s newer than most homes on the street, which can be a positive indicator, but not a substitute for an inspection.
4. How does this home compare to other properties in Westdale overall?
It’s a relatively compact home on a small lot, but with a construction date newer than 82% of homes in the community. The assessed value is on the lower end for Westdale, making it potentially a more budget-friendly option in a neighbourhood that otherwise trends pricier.
5. What’s the significance of the “percentile rankings” shown in the data?
These rankings compare this home to others on the same street, in Westdale, and across Winnipeg. The lower the percentile rank, the more favourable the metric—so being in the top 6% for build year means only a few homes are newer; being in the top 80% for lot size means most have larger land. The colour-coded bars show roughly how the property stacks up relative to similar homes in each category.