124 Coleridge Park Drive — Property Summary
Key Characteristics & Buyer Profile
This is a 1,846 sqft home built in 1973 on a 7,271 sqft lot, located in Winnipeg’s Westwood neighbourhood. Its standout feature is assessed value: at $613,000, it ranks in the top 3% of the neighbourhood and top 7% citywide, well above local averages. The living area is also strong — top 10% in Westwood and top 15% citywide — though it sits close to the median for homes on Coleridge Park Drive itself.
The land is smaller than many others on the same street (bottom 75%), so the value here is concentrated in the house and its location, not the lot size. The home is newer than most in the area (built 1973 vs. a neighbourhood average of 1966), which may mean updated systems or a more modern layout compared to older Westwood homes.
Who it suits: Buyers who prioritize a well-sized, higher-value home in an established neighbourhood, and who are willing to trade a larger yard for a stronger interior and location. It’s less ideal for someone wanting a large lot or expecting to add significant square footage later. The ranking data suggests this property is an outlier on its street — worth a close look at why.
Frequently Asked Questions
1. How does this home compare to others on the same street?
On Coleridge Park Drive, the home is roughly average in living area and assessed value, but ranks 7th out of 48 in year built (top 15%). Its land area is below average — the largest lots on the street are closer to 9,000 sqft. So it stands out as newer but with a smaller yard.
2. What does “assessed value” mean here, and is it the same as market price?
Assessed value is the city’s estimate for property tax purposes, not a market appraisal. That said, a top-3% ranking in Westwood suggests the home is considered relatively high-value for the area. Market price may differ, but the assessment gives a solid baseline.
3. Why is the land area listed as “below average” on the street but “above average” citywide?
Because the street itself has unusually large lots — the average is 9,143 sqft. Citywide, the average comparable lot is about 6,570 sqft. So this home’s 7,271 sqft lot is small for its immediate neighbours but still bigger than what’s typical across Winnipeg.
4. Is this a good choice for someone wanting a newer home in an older neighbourhood?
Yes — Westwood’s average year built is 1966, and this home is 1973, placing it in the top 3% of the neighbourhood. It’s not brand-new, but for the area, it’s relatively recent, which may mean fewer immediate updates needed.
5. How should I interpret the “top 60%” ranking on the street?
It means 60% of comparable homes on this street have a larger living area. While that sounds modest, the street itself is above average citywide, so “top 60%” on this street still means a home that’s larger than many elsewhere. Context matters — the same ranking can mean different things depending on the reference group.