11 Amundsen Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,011 sqft home built in 1962, sitting on a 6,301 sqft lot. Its assessed value is $368,000.
The property’s main appeal lies in its lot size and affordability relative to the immediate street. The lot is above average for Amundsen Bay and ranks in the top 25% citywide—meaning more outdoor space than many comparable Winnipeg homes. The assessed value, while modest, ranks 6th out of 43 homes on the street (top 14%), indicating it’s one of the higher-valued properties in its immediate area despite being smaller than average.
However, the living area is below average at every level: street, neighbourhood, and city. The home is also older than most of its neighbours (1962 vs. a neighbourhood average of 1966), though it ranks among the older homes on the street itself.
This property would best suit a buyer who prioritizes lot size and is comfortable with a smaller floor plan. It’s a natural fit for someone looking to add square footage through a renovation or addition, or for a buyer who values outdoor living space over interior square metres. It’s less suited to someone who needs generous indoor room dimensions right away, or who wants a move-in-ready home that compares favourably to newer builds in the area.
Five Possible FAQs
1. How does this home compare to others on Amundsen Bay?
On its street, the home ranks above average for both assessed value and lot size, but below average for living area. It’s one of the older homes on the street (top 9% by age), so it has character but may need more upkeep than newer neighbours.
2. Is the assessed value of $368,000 reasonable?
The assessed value is above the street average of $339,500, but close to the neighbourhood and city averages (around $390,000). It’s not a standout bargain or overpriced by assessment standards—it sits in the middle tier for its broader area.
3. Why is the living area ranked so low if the lot is large?
The home itself is 1,011 sqft, which is smaller than most comparable homes on the street, in Westwood, and across Winnipeg. The lot, however, is 6,301 sqft—larger than the street and city averages. This is common for older homes that were built on generous lots before square footage became a bigger selling point.
4. What should a buyer consider about the 1962 build year?
It’s older than the neighbourhood average (1966) but not exceptionally old for Winnipeg. Buyers should expect potential updates to major systems (plumbing, electrical, roof) and be prepared for maintenance typical of a home from that era. The upside is that older homes on larger lots often have more renovation potential.
5. Would this property be a good investment for a renovation?
Potentially yes, if you’re willing to add square footage or significantly update the existing space. The lot size gives you room to expand, and the assessed value is already above the street average, so improving the living area could boost value further. Just keep in mind that the neighbourhood average for living area is 1,372 sqft—so you’d need to add roughly 360 sqft to match it.