23 Carlyle Bay – Property Summary
Key Characteristics & Who It Suits
This 1964-built home on Carlyle Bay offers 1,700 sqft of living space on a notably large 10,426 sqft lot. While the floor plan is close to average for the street, both the living area and lot size rank well above average for the broader Westwood neighbourhood and across Winnipeg—land size alone sits in the top 5% citywide. The property’s assessed value of $483,000 also runs above local and city medians, reflecting both the larger land component and the desirability of the street.
The appeal here is less about a turnkey interior and more about the underlying asset: a generous lot in a solid, established neighbourhood. Buyers who value outdoor space, room for additions or redevelopment, or simply want more land than most city homes offer will find this property compelling. It also positions strongly in terms of value—land of this size in a top-10%-ranked neighbourhood is hard to come by at this assessment level. It would suit families looking for yard space, investors eyeing long-term land value, or anyone who prefers a quieter, older residential street over newer subdivisions.
FAQs
1. How does the lot size compare to others in Westwood?
The lot is 10,426 sqft, which ranks in the top 4% of the neighbourhood. Most homes in Westwood sit on lots around 6,500 sqft, so this is significantly larger—roughly 60% more land than average.
2. Is the home’s assessed value in line with similar properties?
It is above average for both the street and the neighbourhood. The $483,000 assessment is about 23% higher than the Westwood median of $392,000, which is consistent with the larger lot and above-average living area.
3. What does the 1964 build year mean practically?
Homes from this era typically have solid construction but may need updates to mechanicals, insulation, or windows. The build year is similar to most homes on Carlyle Bay and close to the neighbourhood average, so you’re not dealing with an outlier in terms of age-related quirks.
4. Is this property suitable for renovation or expansion?
Yes. The large lot gives flexibility for additions, a garage, or even a secondary suite depending on zoning. Given the street’s average living area, expanding the footprint could also bring the home in line with, or above, neighbourhood peers.
5. How does the property rank overall in Winnipeg compared to similar homes?
It places in the top 21% citywide for living space, top 23% for assessed value, and top 5% for lot size. That combination—especially the land ranking—is rare and points to strong relative value, particularly for buyers prioritizing outdoor footprint.