198 Carroll Road

198 Carroll Road – Property Summary

Key Characteristics & Buyer Profile

This 1,201 sqft home, built in 1964, sits on a 5,563 sqft lot in Winnipeg’s Westwood area. Its assessed value is $348,000. The property is slightly below average in size compared to others on the same street, but holds its own within the wider neighbourhood and city. The lot is moderately sized—a bit smaller than the local average but still competitive citywide.

The appeal here is subtle. It’s not a standout in any single metric, but it’s also not a glaring outlier. For a buyer, that can mean fewer surprises. The home is in a well-established area with consistent housing stock from the mid-1960s, which often means mature trees, settled neighbourhoods, and predictable upkeep cycles. The lower-than-average assessed value relative to the neighbourhood could also signal room for gradual appreciation or a more accessible entry point into Westwood.

This property would suit a buyer who values stability and context over flash. Someone looking for a solid, functional home in a middle-of-the-pack position—where the numbers suggest fair pricing, not a bargain or a stretch. It’s a good fit for first-time buyers who want to avoid being the most expensive home on the block, or for investors seeking a property with unremarkable but steady fundamentals.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
On the street itself, this home is below average—ranked 32nd out of 45. But within the Westwood neighbourhood, it’s around average, and citywide it sits right in the middle. So it’s slightly smaller than immediate neighbours, but not unusual for the area.

2. Is the assessed value over or under market expectations?
The assessed value of $348,000 is below the street average ($377k) and neighbourhood average ($392k), but close to the citywide median. This suggests the property may be priced more affordably than much of its immediate surroundings, though assessment and market value aren’t always identical.

3. What does the lot size mean for yard space or renovations?
At 5,563 sqft, the lot is smaller than both the street and neighbourhood averages. It’s not tiny, but it’s modest. If you’re hoping for a large garden, a workshop, or future expansion, you’d want to check local zoning and measure the usable space yourself.

4. How does the age of the home affect maintenance expectations?
Built in 1964, this home is typical for its street and neighbourhood. Homes from this era often have original features that may need updating—plumbing, electrical, insulation. But being average for the area means there’s a large pool of comparable homes, so repair costs and contractor familiarity should be fairly predictable.

5. Where does this property rank best compared to others?
Its strongest ranking is citywide for land area (top 41%), meaning the lot is slightly more competitive when compared across all of Winnipeg. Its weakest is on the street itself for living area (bottom third). So, the house itself is on the smaller side for the block, but the lot holds up better in a broader context.