Property Summary: 449 Seaton Street
Key Characteristics & Appeal
This is a 1955-built home with 768 sq ft of living space on a 5,527 sq ft lot, located in Winnipeg’s Westwood neighbourhood. The property is consistently below average in size and assessed value compared to other homes on its street, in its community, and across the city. Its lot size, however, sits near the average for Seaton Street and is only moderately below the broader community and city averages.
The appeal here is not in standout square footage or a modern build. Instead, the property offers a smaller, more affordable footprint in a mature neighbourhood. The assessed value of $251,000 is well under the local and citywide averages, which may appeal to buyers looking for lower property taxes and a more accessible price point. The 1955 construction date is older than most homes on the street and in the area, but it places near the citywide average, meaning it’s not unusually old by Winnipeg standards.
This property would suit buyers who are comfortable with an older home and prioritize location or lot size over interior space. It may also appeal to those looking for a renovation project or a smaller home with room to expand, given the moderately sized lot. Investors or first-time buyers seeking a lower-cost entry into a well-established neighbourhood might also find it practical.
Five Possible FAQs
1. How does the size of this home compare to others nearby?
The 768 sq ft of living space is smaller than most comparable homes on Seaton Street (average 1,112 sq ft), in Westwood (average 1,372 sq ft), and across Winnipeg (average 1,342 sq ft). It ranks in the bottom 11% on the street and bottom 7% citywide.
2. Is the property tax assessment in line with the neighbourhood?
The assessed value of $251,000 is below the street average of $332,000 and well under the community average of $392,000. It ranks near the bottom of the neighbourhood but sits closer to the middle for the city overall.
3. What’s the condition of a home built in 1955?
The original build is older than most homes on Seaton Street and in Westwood, but it’s not unusually old for Winnipeg as a whole, where the average home was also built around 1966. Expect that systems, insulation, and layout may reflect its age, and a home inspection would be wise.
4. How does the lot size work for outdoor space or expansion?
The lot is 5,527 sq ft, which is close to the street average and slightly below the Westwood and city averages. It offers a decent-sized yard for a smaller home and could potentially allow for additions or landscaping, depending on zoning and setback rules.
5. Who typically buys homes like this one?
Buyers who are willing to take on an older, smaller home in exchange for a lower price and quieter, established neighbourhood. It may also suit those looking for a property with a solid lot in an area where larger, more expensive homes dominate, offering potential value over time.