Property Overview & Appeal
This two-storey home in Westwood is defined by its generous scale and established setting. Its primary appeal lies in the combination of a large, 7,407 sqft lot and a spacious, nearly 2,000 sqft living area, both of which rank in the top tiers for the neighbourhood and city. The home features a renovated basement and an attached garage. Built in 1966, it presents a solid value proposition with an assessed value that is competitive for its size and location.
The property is well-suited for buyers seeking space and privacy on a substantial lot without moving to the city's outskirts. It’s ideal for a growing family, someone who values gardening or outdoor room, or a buyer looking for a home with renovation potential where the core structure and land are the key assets. A thoughtful perspective is that while the house itself is from the 1960s, its lot size and floor space are increasingly rare commodities in mature neighbourhoods, offering a long-term benefit that newer subdivisions often can't match.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1966, major systems like the roof, plumbing, and electrical may be original or have undergone updates. A thorough inspection is essential to budget for any necessary modernizations, which should be balanced against the value provided by the large lot and living space.
2. The assessed value seems low compared to likely market price. Why is that?
Municipal assessed value for taxation purposes often lags behind current market values and is not a direct indicator of sale price. The assessment here is useful for comparing relative value within the area, as shown by its high percentile ranking.
3. What are the advantages of such a large lot?
The lot is a significant feature, offering ample space for play, gardening, entertaining, or future additions like a deck or shed. It provides a sense of privacy and room to breathe that is harder to find on newer, narrower lots.
4. The home ranks highly for space but lower for its year built in Winnipeg. What does this mean?
This indicates that while there are many newer homes in the wider city, this property compensates by offering more interior and land space than over 90% of Winnipeg homes—a trade-off that many buyers in established neighbourhoods actively seek.
5. Is the renovated basement a full legal suite?
The details specify a "renovated basement" but do not state it is a legal secondary suite. Buyers should verify the permits and nature of the renovation to understand if it’s simply finished living space or has a separate entrance and kitchen facilities for potential rental income.