14 Thackeray Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1963 bungalow sits on a 6,298 sqft lot in Winnipeg’s Westwood neighbourhood, with 1,221 sqft of living space. The home is slightly older than much of the surrounding area—built in a year when many neighbouring properties were also constructed, placing it among the earliest on its street. Its lot size is a clear standout: while average for the street, it ranks in the top 25% citywide, offering more outdoor space than most Winnipeg homes.
The assessed value sits at $338,000, below both the street and neighbourhood averages. This lower valuation, combined with a solid interior footprint and generous lot, means the property offers reasonable entry into a stable, established area without the premium often attached to newer or renovated homes. Buyers who value yard space over a modern interior, or who are open to gradually updating a home with good bones, will find this appealing. It suits first-time buyers looking for room to grow, downsizers who want a manageable single-level layout and a sizable garden, or anyone seeking a property where the land holds more relative value than the structure itself.
Five Possible FAQs
1. How does this property compare to others on Thackeray Avenue?
It’s among the oldest homes on the street (built in 1963, tied for earliest) and its lot size is close to the street average. Its living space is slightly above average, but its assessed value is below the street norm. It’s not the standout on the block, but the combination of older construction and lower valuation can offer negotiating room.
2. Is the lot size a significant advantage?
Locally, the lot is roughly average for the street and the Westwood area. But citywide, it ranks in the top 25%, meaning this is a larger-than-usual property for Winnipeg. If outdoor space, gardening, or future expansion is a priority, that’s a real plus.
3. Why is the assessed value lower than surrounding homes?
The home is from 1963 and has likely not been updated to the same degree as others in the neighbourhood. Lower assessed value often reflects more original finishes, smaller interior updates, or deferred maintenance. It doesn’t necessarily mean the home is in poor condition—just that it hasn’t kept pace with neighbouring renovations.
4. Does the age of the home require immediate work?
Homes from the early 1960s can have original mechanical systems, windows, or roofing that may need attention, but that varies. Because this property is older than many in Westwood (the neighbourhood average is 1966), a home inspection should focus on these systems. Its lower assessment suggests some updates are likely needed, but age alone isn’t a red flag—many well-maintained 1960s homes are solid.
5. Who would benefit most from buying this property?
Buyers who prioritize a larger lot over a move-in-ready interior. Also, anyone looking for a home in Westwood at a price point below the neighbourhood average. It’s less suited to someone wanting a fully updated, turnkey home, but it’s a strong candidate for those willing to invest sweat equity or phase in renovations over time.