18 Manitou Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,113-square-foot bungalow built in 1963 on a 5,497-square-foot lot in the Westwood neighbourhood of Winnipeg. Its assessed value is $360,000. What stands out is that this property is genuinely average for the city but noticeably smaller than its neighbours—both in terms of living space and lot size. On its own street, it ranks in the bottom quarter for land area and in the bottom third for living area. That means the house itself is compact, and the yard is on the smaller side compared to nearby homes.
The appeal here is somewhat counterintuitive. A buyer gets a house that is priced in line with citywide norms ($360K), but in a neighbourhood where the average home is assessed around $392K. That gap suggests potential value, especially if the buyer is comfortable with a smaller footprint and less yard maintenance. It also means this property could be a more affordable entry point into Westwood, a neighbourhood where homes generally run larger and pricier.
This would suit a buyer who prioritizes location and price over square footage. Perhaps a first-time homeowner, a downsizer, or someone who wants a manageable property in a stable, established area. It is less suited to someone looking for generous indoor or outdoor space relative to what other houses on the same street offer.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby?
It sits slightly below both the street average ($371,500) and the neighbourhood average ($392,100). Citywide, it is right around the middle. So it is a relatively affordable option for the area.
2. Is a smaller living area a disadvantage here?
It depends on your needs. The house is nearly 200 square feet smaller than the average home on its street. That may feel tight for a growing family, but it also means lower utility costs and less space to furnish and maintain. For a couple or single person, it could feel perfectly adequate.
3. What is the lot like compared to others in Westwood?
The lot is 5,497 square feet, which is noticeably smaller than the neighbourhood average of 6,491. On its own street, only three homes have smaller lots. If you want a big garden or room for expansion, this may not be the best fit. If you prefer a low-maintenance yard, the smaller lot could be a plus.
4. Why is the year built relevant?
Built in 1963, it is a few years older than the average home on the street and in the neighbourhood (both typically 1966). That is not unusual for the area, but it may mean the home has older systems or finishes. A buyer should budget for potential updates, though a well-maintained 1960s home can still be solid.
5. What type of buyer gets the most value here?
Someone who wants to live in Westwood without paying the neighbourhood premium. Because this home is smaller and on a smaller lot, it is priced below many nearby homes. A buyer who values the location more than the size—and is fine with a compact house—could get good value compared to buying a larger, pricier home on the same street.