57 Wordsworth Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1960-built, 1,163 sqft home on a 7,020 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $403,000.
What stands out: The land is the property’s strongest asset. It ranks in the top 25% on the street and top 17% citywide, meaning the lot is notably larger than most comparable homes. The assessed value is also above average relative to the immediate street and neighbourhood, though closer to the middle of the pack citywide. The living area is slightly below the street and neighbourhood averages—a trade-off that often reflects the era and layout of homes built in 1960.
Where the appeal lies: The larger lot offers flexibility—room for additions, a garage, landscaping, or a garden that tighter properties can’t accommodate. Buyers who value outdoor space or long-term potential may find this more compelling than maximising indoor square footage. The assessed value suggests the market already recognises the lot’s contribution.
Who it suits: Practical buyers who prioritise land over move-in-ready modern finishes. Families wanting yard space, hobby gardeners, or investors looking at a renovation or expansion opportunity. It’s less suited to someone wanting a turnkey home or maximum interior space for the price.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
It’s slightly below the street average (1,275 sqft) and neighbourhood average (1,372 sqft). Citywide, it ranks around the middle. The property’s value leans more on the lot size than the interior footprint.
2. Is the land large enough to add a garage or an extension?
At 7,020 sqft, it’s well above average for the street and neighbourhood, and in the top 17% citywide. Most lots this size can accommodate a detached garage, a substantial addition, or both—but you’d still need to check local zoning and setback rules.
3. Why is the assessed value above average if the living area is smaller?
Assessed value reflects multiple factors, not just square footage. The larger-than-average lot contributes significantly. Location, condition, and comparable sales in the area also play a role. The street and neighbourhood rankings suggest the market here prices land favourably.
4. How old is the house, and is that a concern?
Built in 1960—roughly average for the street, but older than most homes in the wider Westwood neighbourhood (average 1966). Homes from this era often have solid construction but may need updates to mechanical systems, windows, or insulation. A home inspection focused on these items would be wise.
5. What’s the neighbourhood like for resale value?
Westwood is a well-established area. The property’s assessed value ranks in the top 29% within the neighbourhood, and the large lot is a differentiator that should hold appeal over time. Resale will depend partly on how the interior is maintained relative to newer or renovated homes nearby.