20 Ericsson Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,148 sqft home on a 6,379 sqft lot, built in 1961. The interior is smaller than the average on its street (1,298 sqft) and within the Westwood neighbourhood (1,372 sqft), but the lot size tells a different story. Across Winnipeg, this property’s land area ranks in the top 24%, meaning it offers more outdoor space than most homes in the city.
The assessed value sits at $334,000, below both the street average ($373,000) and the neighbourhood average ($392,000). That’s partly a function of the older construction year—1961 places it among the earlier builds on the street, though not unusually early by citywide standards.
What’s worth noting here is the tension between the modest house size and the generous lot. Many buyers overlook homes that appear smaller than their neighbours, but the land itself holds value. In a market where lot size is increasingly scarce, this property might appeal to someone willing to renovate or build later.
Best suited for: Buyers looking for a solid entry point into Westwood, especially those who prioritise outdoor space or see potential in expanding or redeveloping down the line. Also a good fit for someone who wants lower property taxes (based on a lower assessment) and doesn’t need a large interior right now.
Five Possible FAQs
1. How does the lot size compare to other homes in Winnipeg?
It ranks in the top 24% citywide, well above the Winnipeg average of 6,570 sqft. That’s a meaningful advantage in a city where standard lots are shrinking.
2. Is the assessed value a reliable indicator of market price?
Not always. The assessment ($334,000) is below both the street and neighbourhood averages. But if nearby homes with similar lots sell for more—especially if they’ve been updated—this property could be undervalued relative to its land.
3. What does the 1961 build year mean in practical terms?
It’s older than the Westwood average (1966), so you might expect older mechanical systems, windows, or insulation. That said, the street average is 1962, so the immediate neighbours are similar. A home inspection would clarify what’s been maintained.
4. Why is the house size smaller than nearby homes?
It’s the 30th largest out of 41 on Ericsson Bay. That’s not unusual for a mid-century starter home—many were built more modestly than later infills. The trade-off is more land per square foot of house.
5. Could this property be a good renovation or rebuild candidate?
Possibly. With a lot in the top quarter citywide and a below-average assessment, the land may be worth more than the current house suggests. That said, zoning and permit rules vary, so it’s worth checking with the city before making plans.