50 Manitou Bay – Property Summary
Key Characteristics & Buyer Profile
This 1,503 sqft home was built in 1965 and sits on a 5,603 sqft lot in Winnipeg’s Westwood neighbourhood. Its strongest feature is living space: ranked in the top 19% on its street, top 27% in the neighbourhood, and top 30% citywide for comparable homes. That means it offers noticeably more square footage than average for its price range. The assessed value of $354,000 is slightly below both the street and neighbourhood averages, so you’re getting above-average space without a premium price tag. The lot is on the smaller side relative to the area, and the year built is typical for the neighbourhood (built a year earlier than most on the street, which is a modest plus). The appeal here is straightforward: more room inside than comparably priced homes nearby. It suits buyers who prioritize interior space—growing families, those needing a home office or extra bedroom, or anyone wanting room to spread out without moving to a pricier neighbourhood. It’s less suited for buyers seeking a large yard or a newer build.
Five Frequently Asked Questions
1. How does this home compare to others on the same street in terms of value?
It’s around average for the street. The assessed value ranks 20th out of 36 homes (top 56%), meaning some homes cost more and some cost less. The key difference is living area: this home is in the top 19% for square footage, so you’re getting more space for roughly the same price as a typical home on Manitou Bay.
2. Is Westwood a desirable neighbourhood for this type of home?
It’s a middle-ground area. The property ranks in the top 27% for living space and top 43% for year built within Westwood, so it’s stronger than many nearby homes. But the lot size is in the bottom third of the neighbourhood—something to consider if outdoor space matters.
3. Why is the assessed value lower than the citywide average?
The home’s assessed value ($354,000) is below both the city average ($390,100) and the Westwood neighbourhood average ($392,100). This likely reflects its 1965 construction, smaller lot, and location in a more moderately priced area. The lower assessment can be an advantage for property taxes.
4. What does “top 19% for living area” actually mean for the home’s layout?
It means this home has more interior space than roughly 80% of comparable homes on its street. At 1,503 sqft, it’s about 200 sqft above the street average. That extra space might translate to larger bedrooms, a bigger main living area, or additional storage—worth checking in person to see how it’s used.
5. How does the lot size affect the property’s overall value?
The lot (5,603 sqft) is below average for the street, neighbourhood, and city. While the home itself offers generous space, the smaller lot might limit expansion possibilities or outdoor activities. For buyers who value a modest yard and lower maintenance, this can be a positive trade-off.