392 Westmount Drive – Property Summary
Key Characteristics & Buyer Profile
This 1,129 sqft bungalow, built in 1961, sits on a 5,752 sqft lot in Windsor Park. Its assessed value is $368,000. The numbers paint a picture of a solid, middle-of-the-road property rather than a standout. The living area and assessed value are both close to the street and neighbourhood averages—nothing extreme, nothing outdated by local standards. The land area, however, is slightly smaller than typical for the street and neighbourhood, ranking in the bottom third locally (top 64%). That said, it ranks better citywide (top 38%), suggesting the lot is still decent compared to many Winnipeg homes.
The appeal here is straightforward value. You’re getting a home that’s in line with its neighbours—not overpriced, not undersized, and from a well-established era of construction (1961 is typical for Windsor Park). The assessed value ranks slightly above the neighbourhood average but below the citywide average, which hints at potential room for appreciation if the area strengthens. This isn’t a flashy flip or a showpiece; it’s a dependable, no-drama house.
This property suits buyers who want a functional, solid home in a mature neighbourhood without paying a premium for trendy finishes or oversized lots. First-time buyers looking for something move-in ready, downsizers who want a manageable footprint, or investors seeking a stable rental with average metrics across the board would all find it worth a look. It’s less suited to someone hunting for a large yard or a modern open-concept layout.
Frequently Asked Questions
1. Is this property priced fairly compared to others in Windsor Park?
Yes, it’s around the neighbourhood average. The assessed value of $368,000 ranks in the top third locally (33rd percentile), meaning it’s slightly above the typical Windsor Park home but still well within the normal range. Citywide, it sits just below the median ($390,100), so it’s not a bargain or a stretch.
2. How does the lot size compare to other homes on the street?
It’s a bit smaller than most. At 5,752 sqft, the lot ranks 63rd out of 92 homes on Westmount Drive (top 68%), so roughly two-thirds of lots nearby are larger. Citywide, though, it’s in the top 38%, which is above average. It’s not a tiny lot—just slightly off the street’s norm.
3. What does the year built tell me about the home’s condition?
Built in 1961, it’s typical for the neighbourhood (average 1961) and the street (average 1962). Homes of this era are generally well-built, but expect original mechanicals (furnace, wiring, plumbing) unless updated. The age alone isn’t a red flag, but a recent inspection would be wise to confirm the major systems.
4. How does this home’s value rank against comparable properties citywide?
In the middle of the pack. Citywide, it ranks 92,574th out of 194,458 (top 48%), meaning it’s slightly above the median value. This suggests it’s not overpriced relative to the broader Winnipeg market, but there are plenty of cheaper options elsewhere. It’s a fair price, not a steal.
5. Is Windsor Park a good area for resale value?
Windsor Park is a stable, established neighbourhood with consistent demand. The property’s metrics—especially the lot size and living area being close to local averages—suggest it will hold value well but likely won’t appreciate faster than the city overall. It’s a safe bet, not a high-growth play. If resale is a priority, focus on cosmetic updates that appeal to the broad family market this area attracts.