This is a 1,186 sqft home built in 1963 on a 5,784 sqft lot in Winnipeg’s Westwood neighbourhood. Its most distinctive feature is the year built: it’s one of the oldest homes on Wordsworth Way (ranked in the top 12% for age), which gives it a solid, well-established construction era—often appealing to buyers who value mature neighbourhoods and avoid newer, possibly rushed builds.
The living area is close to the street average but slightly below the neighbourhood average, meaning it’s a compact but functional layout. The assessed value ($321k) is notably below both the street and neighbourhood averages, which is the property’s main financial hook. This suggests either a fixer-upper opportunity or a chance to buy into the area at a lower entry point than surrounding homes.
The lot is smaller than the street average but still competitive citywide. For buyers, the appeal lies in getting into Westwood—a stable, mid-ranked neighbourhood—at a below-average price, with the potential to add value through updates or an addition. It would suit first-time buyers looking for a manageable project, investors seeking a lower-cost entry, or someone who prioritizes a quiet, older street over modern square footage.
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How does the assessed value compare to similar homes nearby?
The home is assessed at $321k, which is about 14% below the street average of $371k and 18% below the Westwood neighbourhood average of $392k. Citywide, it falls near the middle of the pack. This gap often reflects differences in condition, updates, or lot size relative to neighbours.
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Is the property a good candidate for renovation or expansion?
The lot is 5,784 sqft—smaller than most on the street but still typical for the city. Check the local zoning and setback rules before planning an addition. The lower assessed value may leave room for renovations that boost equity, but keep in mind that the living area itself is not unusually large by street standards.
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How old is the home, and what does that mean for maintenance?
Built in 1963, it’s older than most homes on the street (top 12% oldest) and slightly older than the neighbourhood average. Expect systems like electrical, plumbing, and roofing to be closer to 60 years old unless updated. A pre-purchase inspection is strongly recommended, especially for foundation and insulation.
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What does the neighbourhood ranking (Westwood, top 64%) tell me?
Westwood is solidly middle-of-the-pack within Winnipeg—not a standout in terms of living area, lot size, or value compared to the whole city. That said, it’s not a struggling area either. The street itself ranks high for age of homes, which can indicate character and established tree cover, if that matters to you.
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Is this home priced below market?
The assessed value is lower than the street and neighbourhood averages, which could mean it’s undervalued—or it could reflect deferred maintenance or a smaller lot. Citywide rank (top 64%) suggests it’s not a steal, but it’s also not overpriced relative to what’s typical. A comparative market analysis from a local agent would give a clearer picture, as assessments don’t always track current sale prices.