11 Agate Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 776 sqft home built in 1956 on a 4,997 sqft lot, currently assessed at $286,000. It sits in the Windsor Park neighbourhood of Winnipeg.
Where its appeal lies: The standout feature is the home’s age. On its own street, it’s tied for the oldest build year, ranking in the top 3%—a detail that matters for buyers who value original character or a neighbourhood with established homes and mature trees. The land area is slightly below the street average but still offers a reasonably sized yard for the area. The assessed value is the lowest on the street, which may reflect either a smaller home or deferred updates, but it also signals potential for a buyer willing to invest in renovations. The property is smaller than most comparable homes citywide—both in living area and lot size—which keeps the entry price lower than many nearby options.
What type of buyer it suits: This property would work best for a buyer looking for an affordable entry into Windsor Park or the broader Winnipeg market, particularly someone who doesn’t need a lot of square footage and is open to a fixer-upper or gradual upgrading. It may also appeal to someone who prioritizes location or lot potential over move-in-ready condition. It’s less suited for buyers seeking a large family home or a property that doesn’t require immediate or near-term work.
Frequently Asked Questions
1. How does the assessed value compare to others on the street?
It ranks last—36th out of 36 homes on Agate Bay—and is roughly $47,000 below the street average of $333,300. Compared to the broader neighbourhood average of $354,200 and the citywide average of $390,100, it’s significantly lower. This often reflects a smaller living area and potentially less recent updating.
2. Is the living area very small for this neighbourhood?
Yes. At 776 sqft, it’s below the neighbourhood average of 1,091 sqft, ranking in the bottom 3% for Windsor Park. Citywide, it’s also well below average. For context, homes on the same street average 886 sqft, meaning it’s on the smaller end even locally.
3. How old is this property, and does that matter?
It was built in 1956, making it the oldest home on Agate Bay (tied with others from that year). At the neighbourhood and city level, it’s older than about three-quarters of comparable homes. Age can mean original construction quality and established landscaping, but it also often means older systems (electrical, plumbing, insulation) that may need attention.
4. What is the lot size like compared to others?
The lot is 4,997 sqft, slightly smaller than the street average of 5,584 sqft and noticeably below the neighbourhood average of 6,030 sqft. It’s around the median citywide. While not particularly large, it still offers a usable outdoor space—just not as generous as many nearby properties.
5. Would this property be a good investment for a renovation?
Potentially. The low assessed value relative to the street and neighbourhood suggests there’s room for added value through updates. Older homes often have good bones and larger original lots (by today’s standards), but the renovation should be weighed against the smaller living footprint and whether the neighbourhood sale prices can support a significant investment. A close look at comparable recent sales in Windsor Park would be wise before committing to major work.