148 Wordsworth Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,212 sqft single-family home built in 1963, on a 5,460 sqft lot in the Westwood area of Winnipeg. Its living space is slightly below the street, neighbourhood, and city averages—but not dramatically so. The assessed value of $346,000 sits below both the Westwood average ($392,000) and the Winnipeg average ($390,000), meaning the property is priced modestly relative to its surroundings.
The lot is notably smaller than typical for the street (average 6,609 sqft) and the neighbourhood, ranking in the bottom 13% on Wordsworth Way. However, the house itself is older than much of the street—built 1963, placing it in the top 12% for age—and around the median for the city overall.
The appeal here is rooted in affordability and character rather than standout size or condition. The home is priced below comparable properties in the area, with an assessed value that suggests it may be more accessible than many nearby listings. The smaller lot and older build could appeal to buyers looking for a compact, established home in a stable residential area, possibly first-time buyers or those wanting to avoid the premium for larger lots or recent construction.
It would suit buyers who prioritize location over square footage, or who are willing to invest in updates to a home from the 1960s. It may be less suitable for families seeking a large yard or contemporary floor plans.
Frequently Asked Questions
1. How does this home’s size compare to others in the neighbourhood?
It’s slightly smaller than average. The living area (1,212 sqft) is below the Westwood average of 1,372 sqft, but within a typical range for a 1960s home in the area. It ranks in the 59th percentile locally, meaning about 59% of homes are larger.
2. Is the assessed value a good reflection of market price?
Not necessarily. The assessed value ($346,000) is below both neighbourhood and city averages, but assessment data lags behind the market. Buying below assessed value could suggest a good deal, but you should compare with recent sale prices in Westwood to confirm.
3. The lot seems small—is that a concern?
For some, yes. At 5,460 sqft, it’s below the street average by over 1,000 sqft. That means less yard space and possibly less privacy. For buyers who prefer lower maintenance or don’t need a large garden, it could be a plus. It’s worth checking zoning for any future expansion possibilities.
4. What does the build year tell me about maintenance or renovations?
The home was built in 1963, which is older than most in the area. That may mean original systems like electrical, plumbing, or insulation need attention. On the other hand, an older home on a stable street may have been well-maintained and offers more established neighbourhood character. A home inspection is especially important here.
5. How does the street compare to the wider area?
Wordsworth Way is a fairly typical street within Westwood. The property ranks near the middle for living area (49th percentile) and slightly below for assessed value (61st percentile). It’s not an outlier in either direction—more of a middle-of-the-road option that could offer relative value in a neighbourhood that tends to be pricier.