Here is the property summary written as requested.
Overview & Target Buyer
34 Holt Drive is a 1966-built home with 1,186 square feet of living space on a 5,123 square foot lot. Its main appeal lies in its relative affordability compared to other homes on the same street and within the broader Westwood community. The assessed value is $351,000, which is notably below the street average of $379,000 and the community average of $392,000. This positions it as a cost-conscious entry point into a desirable, established neighborhood.
While the home is smaller than average in both living area and lot size compared to its immediate street neighbors (ranking in the bottom third for both metrics), it aligns more closely with city-wide averages. The 1966 build year is a subtle advantage within the street, where it ranks in the top 8% for newer construction, suggesting it may have fewer legacy issues than some older homes in the immediate vicinity.
This property best suits a buyer who prioritizes a lower purchase price and property taxes over maximum square footage or a large yard. It is a practical choice for first-time buyers, investors looking for a lower-cost asset in a stable market, or downsizers who want a single-story layout (typical of homes from this era) without paying a premium for space they do not need. The real value here is in the location and the financial entry point, not the raw dimensions of the house or lot.
Frequently Asked Questions
1. How does the property tax compare to others in the area?
The assessed value of $351,000 is below the street average of $379,000 and the Westwood community average of $392,000. This indicates the annual property taxes will likely be lower than what most nearby homeowners pay, making it a more budget-friendly option.
2. Is the lot size a major drawback?
The 5,123 sq ft lot is smaller than both the street and community averages (5,817 and 6,491 sq ft, respectively). It ranks in the bottom 10% on the street. However, it is only slightly below the city-wide average for similar homes, so the size is not unusually small for Winnipeg overall. Expect a compact yard rather than a spacious one.
3. Why is the "Build Year" ranking a potential advantage?
While 1966 is not new, the property ranks 3rd out of 36 homes on Holt Drive, meaning it is newer than the vast majority of its immediate neighbors. In older neighborhoods, a slightly newer build can mean fewer major renovations related to outdated electrical, plumbing, or foundations compared to 1950s structures. It offers a relative "newness" without the premium of a brand-new build.
4. Does the ranking data mean this is a "bad" house?
Not at all. The data shows the home is smaller and on a smaller lot than its street peers, but that is by market measure, not a judgment of condition. The rankings highlight value trade-offs. You are getting a home that is quite typical for Winnipeg as a whole, priced below the local average, which often reflects a more favorable purchase price for the buyer.
5. Who would typically buy a home with these characteristics?
This kind of property often appeals to practical buyers who are comfortable with a "starter" home or a "fixer-upper" in terms of size rather than condition. It is less suited to someone who wants a "forever home" with generous space. Instead, it is ideal for someone building equity in a solid middle-class neighborhood or an investor seeking a property with lower holding costs due to the below-average tax assessment.