Property Overview
Key Characteristics & Buyer Profile
This 1,155 sqft single-family home, built in 1963, sits on a 5,454 sqft lot in the Westwood neighbourhood. Compared to nearby properties on Browning Boulevard, the living space is slightly below average (ranking 62nd out of 87 homes on the street) and the lot is notably smaller (ranking 84th out of 87). The assessed value of $323,000 is also below the street average of $359,000.
The appeal here is less about standout specs and more about positioning. The home’s size and lot are modest even by Westwood standards, but its assessed value sits close to the citywide average—meaning it may offer a more accessible entry point into a neighbourhood where many homes carry higher price tags. For a buyer who values the location and general character of the area over square footage or a large yard, this property could represent reasonable value. It would likely suit first-time buyers, small families, or investors looking for a property with potential to improve over time, rather than someone seeking a move-in-ready showpiece.
Five Frequently Asked Questions
1. How does this property compare to others in the neighbourhood?
It's on the smaller side—both in living area and lot size—relative to most homes on Browning Boulevard and in Westwood. The assessed value also falls below the neighbourhood average. That said, it’s not dramatically out of step with the broader city: the living area and valuation are close to Winnipeg’s overall median.
2. What does the construction year (1963) mean in practical terms?
Homes from this era often have solid bones but may need updates to mechanical systems, insulation, or windows. The age is typical for the street and slightly older than the Westwood average (1966). A building inspection would be wise, especially to assess the foundation, roof, and electrical.
3. Why is the assessed value lower than the street and neighbourhood averages?
The smaller living area and lot size are the main drivers. Assessed value reflects the property’s physical characteristics and comparable sales, so a home with less square footage and a smaller yard will generally appraise lower—even in the same area.
4. Is this a good property for renovation or extension?
That depends on local zoning and setback rules. The lot is over 5,400 sqft, which offers some flexibility, but it’s below average for the street. Buyers considering an addition should check with the city early on. For interior updates, the existing 1,155 sqft floor plan could be improved without needing more land.
5. How do the rankings work—and should I be concerned about them?
The rankings compare this home to others within the same street, neighbourhood, and city. “Below average” in a specific category simply means it’s smaller or older than many nearby properties. For this home, the lot and living area rank low on the street, but the valuation is more typical citywide. Rankings are useful for context, not a judgment of quality—especially if the property’s price reflects those differences.