75 Franklin Bay – Property Summary
Key Characteristics and Buyer Profile
This 1,507 sqft home sits on a 5,667 sqft lot in Winnipeg’s Westwood neighbourhood. Built in 1997, it is significantly newer than the surrounding housing stock—ranking third within its own street and in the top 1% of the neighbourhood for construction year. The assessed value (for tax purposes) is $475,000, which is above the community average of $392,000 but below the average for Franklin Bay itself ($524,000).
The appeal here is a matter of positioning. On its own street, the property is roughly average in size and lot area, and its assessed value falls toward the lower end. But when you zoom out to the neighbourhood and city levels, it becomes a stronger offering: above-average living space, above-average assessed value, and a much newer build than most homes in Westwood (where the average construction year is 1966). That means you’re getting a relatively modern home in an established area without paying a premium relative to similar nearby properties.
This would suit buyers who want a move-in-ready home in a mature neighbourhood, but who also care about age and condition. It may be less ideal for someone looking for a fixer-upper or a large lot for additions or landscaping projects. The land size is unremarkable—close to average across all three comparison levels—so it’s a solid, not standout, parcel.
Frequently Asked Questions
1. How does the property’s size compare to others in the area?
It’s close to the average on Franklin Bay (1,634 sqft) and above average in the Westwood neighbourhood (1,372 sqft) and citywide (1,342 sqft). So it’s not unusually large for its street, but it’s a good size relative to the broader area.
2. Why is the assessed value above the neighbourhood average but below the street average?
Franklin Bay itself has higher-value homes (average $524,000), so this property is priced modestly for that street. But Westwood’s overall average is lower ($392,000), making this home relatively high for the neighbourhood.
3. How old is the home, and does that matter for maintenance?
Built in 1997, it’s among the newest homes on Franklin Bay and in the top 1% of Westwood. That suggests fewer immediate major repairs than older homes in the area, but it’s still almost 30 years old—so systems like roofing, HVAC, and windows may need attention depending on previous upkeep.
4. Is the lot large enough for additions or a garage extension?
At 5,667 sqft, the lot is close to average across all comparison groups. It’s not tight, but it’s not oversized either. Any expansion would likely be modest and should be checked against local zoning and setback rules.
5. How does this property compare to newer developments in the suburbs?
It’s older than a brand-new suburban build, but offers a more established neighbourhood context—larger trees, closer amenities, and potentially better resale stability. You trade some modern finishes for location and lot size that’s comparable to newer subdivisions.