3348 Assiniboine Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,293 sqft home built in 1968 on a notably large 8,860 sqft lot in Westwood. What stands out here isn’t the living space itself—which ranks below average compared to other homes on the same street—but the value tied to the land and the property’s overall assessment. The assessed value of $621,000 places it in the top 7% citywide and top 3% within the neighbourhood, well above the local average of $392,100. In plain terms, the land is the asset, and the house is the structure sitting on it.
The appeal is twofold. First, the lot size is well above neighbourhood and city averages, offering rare outdoor space or future redevelopment potential without needing to leave a central Winnipeg area. Second, the high assessment suggests the location itself carries weight—likely a desirable pocket of Westwood with stable demand. A less obvious angle: the home’s construction year (1968) is newer than the street average (1960), meaning it may have fewer of the aging issues found in neighbouring older builds, even if the interior layout feels dated.
This property suits buyers who prioritize land over finishings. It would work for someone looking to renovate on a solid lot in a strong neighbourhood, or for an investor seeking long-term value in a location where land is scarce and expensive. It is less ideal for a buyer wanting a modern, move-in-ready home with competitive square footage on this specific street.
Five Possible FAQs
1. How does the living area compare to other homes in Westwood?
It is around average for the neighbourhood. The house is 1,293 sqft, while the local average is 1,372 sqft. On its own street, however, it is below average—most homes on Assiniboine Avenue are larger, averaging 1,763 sqft.
2. Why is the assessed value so much higher than the neighbourhood average?
The assessed value reflects the land more than the building, likely due to the large lot and desirable location. It ranked in the top 3% in the neighbourhood and top 7% citywide, which is far above what the square footage alone would suggest.
3. How old is the property, and does that matter?
Built in 1968, it is newer than the average house on Assiniboine Avenue (1960) and the neighbourhood average (1966). This can mean fewer structural issues common in mid-century homes, though it still benefits from a thorough inspection.
4. What kind of outdoor space comes with the house?
The lot is 8,860 sqft—significantly larger than the Westwood average of 6,491 sqft and the citywide average of 6,570 sqft. It ranks in the top 9% citywide for lot size, offering generous yard space or potential for expansion.
5. Who would this home not be right for?
Buyers expecting a house with competitive square footage for the price, or those wanting a fully updated interior without any work, may find better options elsewhere on this street. The value here is land-driven, not home-driven.