This is a 1962-built home with 1,242 sq. ft. of living space on a 6,442 sq. ft. lot, located on Peary Crescent in the Westwood neighbourhood. The property’s appeal lies in its lot size. Citywide, the lot ranks in the top 23%, meaning it’s larger than most comparable properties in Winnipeg. However, the home itself is smaller than average for its street (ranking 18th out of 20 on Peary Crescent), and its assessed value of $364k is noticeably below the street average of $413k.
This creates a specific opportunity: you’re buying a house that is modest for its immediate street, but sits on a competitively-sized piece of land in a neighbourhood that is statistically average across most metrics. The home is older (below average for Westwood, where most homes are from 1966), which could mean more maintenance or an opportunity for renovation.
This property would suit a buyer who values outdoor space and land over a large or updated interior, or someone looking for a property in a stable, middle-of-the-pack neighbourhood where the land itself offers relative value compared to the city as a whole. It’s less suited for someone expecting a top-tier home or a walk-in-ready property without potential work.
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How does the assessed value compare to other homes in Westwood?
The assessed value of $364k is around average for the neighbourhood. Westwood’s average for comparable homes is $392k, but this property ranks in the top 51% citywide, so it’s priced competitively for its area and not an outlier.
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Is the lot size actually a meaningful advantage?
Yes, in a citywide context. The lot is 6,442 sq. ft., ranking in the top 23% across Winnipeg. On its own street, it’s slightly smaller than average, but compared to the overall city, you’re getting a larger-than-usual piece of land for a home of this size and value.
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What is the condition of a home built in 1962?
The year built is below average for the Westwood neighbourhood (which averages 1966) but around average for its specific street. A 1962 home could mean original systems, windows, or insulation, so a home inspection is important. It does not indicate a teardown, but it suggests a property that may benefit from updates.
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Why is the street ranking for living area so low?
The home’s 1,242 sq. ft. ranks 18th out of 20 homes on Peary Crescent. This means it’s one of the smallest homes on that street. The street average is 1,488 sq. ft., so the home is about 250 sq. ft. smaller than many of its neighbours. This is not a flaw, but it does mean the property is not a standard match for the street’s typical size.
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What does “around average” really mean for the neighbourhood and city rankings?
For the Westwood neighbourhood, this home is statistically typical in terms of living area, assessed value, and lot size relative to other homes nearby. Citywide, it falls near the middle (top 46–49%) for most metrics. This suggests a stable, unexceptional property that fits within the norms of its area—neither a standout nor a liability.