This is a 1948 bungalow on Assiniboine Avenue in Winnipeg’s Westwood neighbourhood. The property sits on a sizable lot: 8,958 square feet. While the house itself is smaller than typical for its street (1,104 sqft versus the street average of 1,763 sqft), the land is a standout feature. In Westwood, this lot ranks in the top 8% for size, and city-wide it lands in the top 9%. The assessed value is $329,000, which is below the street and neighbourhood averages, but close to the city median.
The appeal here is not the house’s interior square footage or a recent renovation. It’s the land-to-building ratio. Buyers who recognize that older, modest homes on large lots in established neighbourhoods can offer something rare—space outdoors without leaving the city—will see the potential. The property suits someone willing to invest in updating or rebuilding, rather than someone looking for a move-in-ready home with modern finishes. It also suits buyers who prioritize yard space, gardening, or room for additions, and who are comfortable with a home that reflects its age.
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How does the property’s age compare to others in the area?
The home was built in 1948, making it older than the average home in Westwood (average build year 1966) and on Assiniboine Avenue (average 1960). It ranks in the oldest 1% of homes in the neighbourhood.
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Is the assessed value a good indicator of market value?
The assessed value of $329,000 is below both the street and neighbourhood averages. However, assessments are not always current market values, especially for properties where the land may be worth more than the structure. A comparative market analysis would give a clearer picture.
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What is the advantage of the large lot size?
At 8,958 sqft, the lot is significantly larger than typical in Westwood (average 6,491 sqft). This offers flexibility for expansion, a large garden, or outdoor living spaces. It also means the land itself holds more long-term value than the house.
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What kind of condition is a 1948 home likely in?
No specific condition details are provided here, but a home of this age often requires attention to systems like plumbing, electrical, and insulation. A thorough inspection is recommended. The home may also have original features that appeal to some buyers.
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Who would this property not be a good fit for?
It’s less suited for buyers wanting a modern open-concept layout, minimal maintenance, or a home that is competitive in size with others on the same street. It’s also not ideal for someone looking for a move-in-ready house without planned work.