11 Echo Bay

11 Echo Bay: Property Summary

Key Characteristics & Buyer Profile

This 1956-built home in Windsor Park offers 1,092 square feet of living space on a 5,996-square-foot lot, with an assessed value of $362,000. The property sits slightly below the street average for both living area and land size, but its assessed value is close to the neighbourhood median. The home is older than most in the surrounding area—ranking in the top 18% for age on its street—which suggests original character and potentially dated systems.

The appeal here is straightforward: it’s a modest, mid-century house in an established neighbourhood with a solid lot. It’s not a standout in size or value, but it holds its own among citywide averages, ranking around the 50th percentile for assessed value. The land area is slightly above the neighbourhood average but below the citywide average, meaning you get a usable yard without paying for excess.

This property would suit a buyer looking for a starter home or a fixer-upper in a mature area. The older construction and average condition likely mean some updates are needed, which appeals to those who want to build equity through renovations. It’s less suitable for someone seeking turnkey modern finishes or a large floor plan. The Windsor Park location offers convenience and established schools, but buyers should expect a home that reflects its age.

Frequently Asked Questions

1. How does the living space compare to similar homes nearby?
The 1,092 sqft is slightly below the street average of 1,196 sqft and sits in the bottom 15% on Echo Bay. But within the wider Windsor Park neighbourhood, it’s around the median (average 1,091 sqft). So it’s a bit tight on the street but typical for the area.

2. Is the assessed value reasonable or overpriced for the market?
At $362,000, it’s below the street average ($370k) and well under the citywide average ($390k) for comparable homes. It ranks in the top 50% citywide, meaning it’s not a bargain but also not inflated. The value reflects the home’s age and size relative to the market.

3. What should I know about the lot size?
The 5,996 sqft lot is slightly smaller than the street average (6,343 sqft) but above the neighbourhood average (6,030 sqft). It ranks in the top 43% for land area in Windsor Park. It’s a usable yard for a garden or small shed, but don’t expect a sprawling lot.

4. How old is the house, and is that a concern?
Built in 1956, it’s one of the older homes on the street (top 18%). The neighbourhood average is 1961, and the citywide average is 1966. This means the house likely has original wiring, plumbing, and insulation. Not a dealbreaker, but factor in potential updates. The age also adds character and solid construction if maintained.

5. How does this compare to a typical first-time buyer property in Winnipeg?
It’s fairly typical for a post-war starter home. The assessed value sits around the citywide median, and the living area is close to the neighbourhood average. The key difference is the older build—most first-time buyer homes in Winnipeg are from the 1970s or later. You’re trading age for a lower price and a decent lot.