56 Longfellow Bay

56 Longfellow Bay – Property Summary

1. Key Characteristics & Buyer Profile

This is a 2,025 sqft home built in 1969, sitting on a 7,473 sqft lot in the Westwood neighbourhood of Winnipeg. Its strongest asset is assessed value. Ranked 2nd out of 24 homes on the same street and in the top 3% of the wider neighbourhood (68th out of 2,523), the property carries a $621,000 assessment—well above local medians. This suggests a home that has held or grown its value unusually well relative to its immediate surroundings.

Living space is similarly strong: 2,025 sqft puts it in the top 10% citywide and top 6% within Westwood, though it’s only average for the street. The lot, at 7,473 sqft, is slightly smaller than the street average (8,310 sqft) but still above the neighbourhood and city medians. That narrower lot may limit certain expansion possibilities, but the home already offers substantial interior square footage.

Where the appeal lies: The property appears to be a solid, well-maintained family home in a stable older neighbourhood. Its assessed value punch suggests either recent renovations, desirable finishes, or a location that commands a premium. Because the street itself has larger lots on average, this home offers a rare combination: above-average living space on a lot that’s slightly smaller than its neighbours—meaning less yard maintenance without feeling cramped inside.

Best suited for: Buyers who prioritize interior space and don’t need a sprawling yard. Families wanting a move-in-ready home in a well-ranked school catchment area (Westwood has historically strong elementary options). Also, someone looking for a property that has consistently outperformed its peers in value—possibly with equity growth potential over the medium term. This is less ideal for buyers who want acreage, a newer build, or a fixer-upper at a discount.

2. Five Possible FAQs

1. How do the assessed value and living area compare to other homes on Longfellow Bay?
This home ranks 2nd out of 24 for assessed value (top 8%), significantly above the street average of $514,400. Living area ranks 15th—around the street average of 2,015 sqft. So it’s not the largest on the street, but it’s one of the most valuable, which often points to quality updates or a premium interior condition.

2. The land area is below the street average. Does that mean the lot feels small?
Not necessarily. The street average is 8,310 sqft, and this lot is 7,473 sqft—about 10% smaller. But it’s still larger than the neighbourhood average (6,491 sqft) and the city average (6,570 sqft). The home itself is generously sized for the lot, so the yard may feel proportional rather than cramped. Worth checking the actual setbacks and layout, but it’s a typical suburban lot for an older home.

3. Is this a good investment for resale value?
The data suggests it’s already performing well relative to neighbours and the broader market. Ranked top 3% in the neighbourhood and top 8% on the street for value, it’s not undervalued—you’d be buying at a premium. That said, if the area continues to appreciate and the home is in good condition, it could hold value. A potential risk is that the lot size is slightly below the street median, which may cap future price growth if neighbours with larger lots add square footage.

4. What does “Year Built: 1969” mean in terms of maintenance?
A 1969 build is solid—post-war construction standards are generally reliable, and many homes from this era used quality materials (e.g., brick, hardwood floors). But it’s old enough that major systems (roof, furnace, windows, plumbing, electrical) may have been replaced once or are due. Check the age of the roof and mechanicals. Being in the top 8% of the neighbourhood for value suggests someone has likely invested in updates, but it’s still worth a thorough home inspection.

5. How does this property compare to similar homes citywide?
Citywide, it’s in the top 10% for living area (2,025 sqft vs. 1,342 sqft median), top 7% for assessed value ($621K vs. $390K median), and top 14% for land area. That’s a strong triple-threat for a 1969 home. The only metric where it’s average citywide is year built (top 49%), which is typical for Winnipeg’s housing stock. If you want a home that’s noticeably larger and more valuable than the average house in Winnipeg, this fits.