Here is the summarized property description for 243 Carroll Road, formatted for direct webpage display.
Key Characteristics & Buyer Profile
This 1962 bungalow offers 1,294 square feet of living space on a notably large 6,483-square-foot lot. Its key appeal is the land. The lot ranks in the top 16% on its street and top 23% city-wide, which is genuinely uncommon for a property in this price bracket. The house itself is older than many of its neighbors—it’s among the oldest on the street—and its assessed value of $365,000 sits slightly below both the street and neighbourhood averages. This creates a trade-off: you’re paying a fair price for a modestly sized, older home, but the land component offers immediate potential (gardens, expansion, or future redevelopment) that newer, tighter properties in the same range typically lack.
This property would suit a buyer who values outdoor space over a modern interior finish. It’s a natural fit for someone comfortable with a renovation project or who intends to hold the property long-term, treating the house as a functional shell on a premium lot. It is less suited to a buyer seeking a move-in-ready, contemporary home or a maximally efficient floor plan. The living area is slightly below average for the neighbourhood, but the land area is the real asset here.
Five Possible FAQs
1. The house was built in 1962, and its ranking is low for its age. Is this a problem?
Not necessarily a deal-breaker, but it calls for a closer look. Being one of the older homes on the block means you should budget for systems that may be original or near end-of-life (furnace, roof, windows, foundation drainage). The upside is that older homes on larger lots often have simpler, more open layouts and fewer of the structural compromises found in the newer infill builds nearby.
2. The assessed value is $365k, which is below the neighbourhood average. Does that mean it’s a bargain?
It suggests the market and the city’s assessor view the current structure as less valuable than the typical home in Westwood. The purchase price may reflect this. However, “bargain” depends on your plans. If you plan to renovate or rebuild, a lower base value is favorable for property taxes. If you want to resell quickly without changes, the low assessment may simply confirm that the house needs updating.
3. The lot is 6,483 sq ft, which is large. What can I actually do with it?
You can treat it like an asset. For most homeowners, this means room for a large garden, a detached shop, or a play area that smaller lots can’t accommodate. From a development standpoint, the lot size and street context suggest potential for a future secondary suite or, longer-term, a tear-down and rebuild, provided local zoning allows it. Always verify current bylaws before assuming anything.
4. How does this property compare to new builds or recent renovations in the area?
This home will generally offer more land and a lower purchase price than a new build of similar square footage. The trade-off is that a new home will have better energy efficiency, modern finishes, and fewer immediate repair costs. This property is better compared to other well-maintained older homes in the neighbourhood than to luxury or spec builds.
5. Is the neighbourhood (Westwood) a good area for resale value?
Westwood is a stable, established Winnipeg neighbourhood with a mix of older and newer homes. The area’s appeal comes from mature trees, relatively large lots, and proximity to amenities like the Assiniboine River and major routes. Homes on larger lots tend to hold value better over time and attract a wider range of buyers, including renovators and builders, which helps maintain liquidity when you decide to sell.