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Key Characteristics & Buyer Profile
3461 Assiniboine Grove is a 1969-built home with 1,305 sqft of living space on a 7,250 sqft lot. Its assessed value is $427,000.
The property’s main appeal lies in its lot size relative to the wider city. While the lot is modest compared to others on the same street (which average over 10,000 sqft), it is above average for the Westwood neighbourhood and sits in the top 15% citywide for lot size. The home itself was built more recently than most of its immediate neighbours, and its assessed value is notably above the neighbourhood and city averages, suggesting a solid baseline. However, the living area is below the street average and only around average for the area and city.
This home would suit a buyer who values outdoor space and a larger lot over a large interior footprint. It’s also a good fit for someone who wants a home in a neighbourhood with newer-than-average homes compared to the surrounding street, and who is comfortable with a living area that is not oversized. The below-average ranking on the street for value may also appeal to those looking for a property that has room for improvement or potential upside.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
The home’s 1,305 sqft is below average for homes on Assiniboine Grove (where the average is 1,763 sqft) and roughly on par with the Westwood neighbourhood average (1,372 sqft) and the citywide average (1,342 sqft).
2. Is the assessed value considered high or low for the area?
At $427,000, the value is below the street average of $533,100, but above the neighbourhood average of $392,100 and the city average of $390,100. This means the property is valued higher than most homes in Westwood and across Winnipeg, but not as high as some of its immediate neighbours.
3. How old is the house, and how does that compare to others?
The house was built in 1969, which is newer than the average home on the street (1960) and newer than the neighbourhood average (1966), making it a slightly younger home in its immediate and local context.
4. What is the lot size, and is it considered large?
The lot is 7,250 sqft. It is below the street average of 10,920 sqft, but well above the neighbourhood average of 6,491 sqft. Citywide, this lot size places it in the top 15%, meaning it is larger than most residential lots in Winnipeg.
5. Does the property data suggest good value or potential?
The numbers highlight a trade-off. The lot is a standout feature citywide, and the assessed value is healthy for the area. However, the living area is modest, and the home’s value is lower than the street average. This can indicate a property with potential for value-add improvements, especially if the interior is updated or expanded relative to the generous lot.