232 Allard Avenue – Property Summary
Key Characteristics and Buyer Profile
This property on Allard Avenue in Westwood offers a living area of 1,482 square feet, which ranks in the top 29% on its street and within the wider neighbourhood. Compared to similar homes across Winnipeg, it sits just above average. The assessed value is $336,000, notably lower than both the street and community averages, placing it in the bottom quarter locally but near the middle citywide. Built in 1965, its age is thoroughly typical for the area.
The standout feature is the lot: 6,759 square feet, the largest on the street and well above average for Westwood and the city as a whole. This is a property where the land holds more weight than the structure.
The appeal lies in the imbalance between lot size and assessed value. Buyers get a large, private yard in an established neighbourhood without paying a premium for the house itself. This suits someone who values outdoor space, gardening, or future renovation potential more than a turnkey interior. It may also appeal to buyers looking for below-market entry into a stable, mid-century neighbourhood, or someone willing to invest in updating a home whose bones are solid but whose valuation has not kept pace with its neighbours.
Frequently Asked Questions
1. Why is the assessed value low relative to the neighbourhood?
The home’s assessed value sits below the Westwood average and well below many homes on the same street. This likely reflects the original condition of the house, its age, and potentially fewer updates compared to neighbouring properties. The land itself is not undervalued—it ranks very high—so the gap is in the structure.
2. Does a low assessed value mean lower property taxes?
Generally, yes. Property taxes in Winnipeg are based on assessed value. A lower assessment typically results in lower taxes compared to homes with higher values in the same area. However, mill rates and annual adjustments can shift the exact amount.
3. What does the lot size mean in practical terms?
At nearly 6,800 square feet, the lot is among the largest on Allard Avenue and well above average for Westwood. This gives room for a sizable backyard, potential for a garage or workshop, or space for landscaping projects. It’s a clear asset if you prioritize outdoor living or future expansion.
4. Is a 1965 home likely to need major updates?
Homes from this era are past the 50-year mark for major systems. Roofs, furnaces, windows, and electrical may have been updated—or not. The fact that the assessed value lags behind others on the street suggests the home has not been fully modernized. A thorough inspection is important to understand what has been addressed and what hasn’t.
5. Who is the ideal buyer for this property?
Someone who values land over finishings. This could be a buyer looking to renovate over time, a family wanting a large yard without paying a premium for a fully updated interior, or an investor seeking a property where the land is the primary asset in a stable neighbourhood. It is less suited for someone wanting a move-in-ready home without any work.