This is a 989 sqft home built in 1964 on a 3,641 sqft lot in Westwood, Winnipeg. Its standout feature is the build year — the property is newer than most on its street (ranking in the top 8%) and roughly in line with its broader neighbourhood and city averages. That gives it a more modern structural baseline without being a recent build.
The trade-off comes in size and assessed value. The home has a smaller floor plan than 98% of comparable properties on the same street and within Westwood. Its lot is also well below typical for the area — about 45% smaller than the street average. The assessed value sits at $284,000, which is notably lower than the street median of $371,000 and the neighbourhood median of $392,000.
This property suits buyers who prioritize a newer construction year over square footage or land. It would work well for someone looking for a lower entry price in a decent area, or for those who don't need a large yard or extra interior space. Investors or first-time buyers focused on cost efficiency rather than space might also find it a practical fit. That said, the smaller lot and floor area may limit future expansion or resale appeal for buyers seeking more room.
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Why is the assessed value so much lower than the average on this street?
The primary reasons are the home’s smaller living area and significantly smaller lot compared to most nearby houses. The assessment reflects both the physical size of the property and its relative position in the local market.
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Does the newer build year add real value here?
It can. A 1964 home is newer than many of its neighbours, which may mean more modern construction standards, wiring, or plumbing — but it still depends on the actual condition and any upgrades. It's worth factoring in when comparing to older homes on the same street.
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How does the lot size affect everyday use?
At 3,641 sqft, the lot is compact. It’s fine for minimal outdoor space, but probably won’t accommodate large gardens, sheds, or significant additions. If you want a big yard, this isn’t the house.
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Is this a good choice for a first-time buyer?
Possibly. The lower assessed value typically means lower property taxes and a lower purchase price compared to other homes in Westwood. But the small size and lot may limit future flexibility if you plan to grow into the home.
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What does "top 98%" in ranking actually mean for the living area?
It means the home is among the smallest in that comparison group — not among the largest. In this case, “top” refers to a rank by size, so being in the top percentile actually indicates you’re near the bottom for square footage. It’s a bit counterintuitive, but important to understand when reading the data.