Key Characteristics and Buyer Profile
This is a 1963 home on Wordsworth Way, offering 1,141 square feet of living space on a 5,769-square-foot lot. The assessed value is $350,000. The property sits in a solidly middle-of-the-road position across most metrics. Compared to other homes on the same street, it’s a notably older build (ranking in the top 12% for age on the block), which can suggest more established construction and mature landscaping, but its living area and lot size are both smaller than the street average. Within the Westwood neighborhood and city-wide, the home tracks very close to average in terms of value, age, and size.
The appeal here is less about standout features and more about predictability. For a buyer looking for a functional, unflashy home in an established area, this property avoids the premium pricing that comes with larger or more recently updated homes. It would suit someone who prioritizes location and overall affordability over square footage or a large yard, and who is comfortable with a home that likely appreciates steadily rather than dramatically. It’s not a trophy house—it’s a practical entry point into the Westwood market.
Five Possible FAQs
1. How does the lower living area rank affect resale potential?
While below average on its street and in Westwood, the home’s size is very close to the city-wide median. In a market where many buyers prioritize location, a slightly smaller square footage often matters less than overall condition and lot size. The smaller footprint can also mean lower utility and maintenance costs, which appeals to downsizers or first-time buyers.
2. Is the $350,000 assessed value a reliable guide to market price?
Assessed value is a lagging indicator and may not match current market conditions. That said, the home’s value is within 5–10% of the street and neighborhood averages, which suggests it is not an outlier. Buyers should still compare it to recent sales on Wordsworth Way and nearby streets to gauge actual market demand.
3. Does the larger lot matter if the yard feels small?
The lot size here is 5,769 square feet, which is smaller than the street and neighborhood average. However, the city-wide ranking (top 38%) shows it’s still generous compared to many Winnipeg properties. The lot’s shape and how much is usable for gardens, a deck, or play space will matter more than the raw number.
4. What’s the advantage of buying an older home on a street with newer builds?
A 1963 home on a street where the average build is only slightly older (1962) means the neighborhood is relatively established but not uniform. This can offer more variety in architectural styles and lot sizes. Older homes often have better bones and less engineered wood, but may need updates to mechanicals or insulation.
5. How does the low street ranking for lot size affect privacy or outdoor living?
A smaller lot on a street with larger averages can mean closer neighbors. But it also typically means less lawn to maintain and a more compact, efficient outdoor space. For buyers who want a manageable yard with some room for gardening or entertaining, this could be a plus rather than a drawback.