54 Twain Drive – Property Summary
Key Characteristics & Buyer Profile
This is a 1,500 sqft home on a 6,597 sqft lot, built in 1967, with an assessed value of $403,000. The property sits in Winnipeg’s Westwood neighbourhood.
What stands out is the balance across multiple metrics. The living area ranks in the top 24% on the street and top 30% city-wide, meaning it’s genuinely spacious compared to nearby homes and the broader market. The land is also a strong point—top 21% city-wide for lot size—which gives room for future expansion, gardening, or a detached garage. The year built is notable: it ranks #1 on the street (top 1%). That’s not because the home is unusually old, but because it’s one of the earliest built on Twain Drive, often a sign of a well-established streetscape with mature trees and fewer infill developments.
The assessed value is around average for the street and city, but slightly above average for the neighbourhood. This suggests the home is reasonably priced relative to condition and location, without premium inflation.
Who it would suit: A buyer who wants more indoor and outdoor space than typical for the price, especially someone who values larger lots in an established, older neighbourhood rather than a newer subdivision. It may appeal to families looking for room to grow, or those who see potential in a home that’s structurally solid but might benefit from updates. It’s less suited to someone seeking a turnkey modern finish or a cookie-cutter layout—this is a house with character, not a showroom.
Frequently Asked Questions
1. How does this home compare to others on the street?
It’s the oldest home on Twain Drive by build year (1967), but ranks in the top quarter for living area and top half for lot size. Assessed value is essentially on par with neighbours, meaning you’re not overpaying for the extra space.
2. Is the assessed value a reliable guide to market price?
Assessed value is a city-wide benchmark, not a market valuation. In this case, the home sits slightly above the neighbourhood average ($403k vs $392k) but close to the street average. That could mean the market price is similar—or higher if finishes or location within the street drive demand. Always use comparable sales, not just assessments.
3. The year built rank is #1 on the street—does that mean it's dated?
Not necessarily. Being built in 1967 means it’s one of the earlier homes in the area, but many homes of that era are well-built with solid foundations. The rank flatters the vintage; it’s not a negative. However, expect original features that may need updating (wiring, windows, plumbing) compared to newer builds.
4. What about the lot? Is 6,597 sqft considered large?
City-wide, yes—it’s in the top 21% of comparable homes. In Westwood specifically, it’s above average, but land sizes vary more by street. The lot is generous without being oversized, so yard maintenance is manageable but offers real outdoor space.
5. How does this property compare to new developments?
New subdivisions typically have smaller lots (often under 5,000 sqft) and higher assessed values per square foot. This home gives you more land and interior space for roughly the same money, but you’d trade off modern energy efficiency, open-concept layouts, and lower maintenance. It’s a trade-off, not a disadvantage—depends on what you value more.