50 Henday Bay – Property Summary
Key Characteristics & Buyer Fit
This is a 1,418 sqft home built in 1962 on a 6,591 sqft lot, located in Westwood. Its standout feature is strong assessed value relative to the street and neighborhood. On Henday Bay, it ranks 5th out of 40 homes in value (top 13%), well above the street average of $369,100. The living area is also above the street average (1,418 vs. 1,296 sqft), and the land size is above average citywide (top 21%).
The appeal here isn't about flash or newness—it's about substance. The year built (1962) places it among the older homes on the street (top 8% for age), which often means more established construction and mature landscaping, but also signals potential for updates. The lot is generous by city standards, giving room for expansion, a larger garden, or simply more outdoor space than many newer subdivisions offer.
This property suits buyers who value long-term equity and a solid foundation over turnkey finishes. Ideal candidates include families looking to put down roots in a stable neighborhood, investors seeking a property with proven value retention, or someone willing to renovate gradually. It's less suited for someone wanting a move-in-ready home with modern aesthetics unless they factor in updates.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The assessed value of $409,000 is above average on the street (top 13%) and in the Westwood neighborhood (top 27%). It's around average citywide, which means you're getting strong value relative to immediate neighbours without paying a citywide premium.
2. Is the lot size unusual for this area?
The lot is 6,591 sqft—slightly smaller than the street average (6,800 sqft) but above average for the neighborhood (top 27%) and well above citywide norms (top 21%). This suggests you get more yard space than most Winnipeg homes, though it's not the largest on the block.
3. What does the year built (1962) mean in practical terms?
Homes from this era often have solid construction and larger rooms compared to newer builds, but may need updates to insulation, wiring, or plumbing. It's among the older homes on the street (top 8%), so the immediate area may have a mix of vintage and newer properties, offering character without being uniformly outdated.
4. How should I interpret the rankings?
Rankings compare this home to similar properties within the same street, neighborhood, and city. A higher rank (lower percentage) means the home outperforms peers in that category. For example, a top 13% street rank for value means only 12% of houses on Henday Bay have a higher assessed value—a strong indicator of local equity.
5. What's not covered in these stats?
These numbers don't reflect the home's condition, recent renovations, or layout specifics. Assessed value is a baseline, not a market price. It's also worth visiting the property to see how it fits your needs—statistics can't capture curb appeal, basement potential, or how the floor plan flows.