12 Agate Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 776 sqft home on a 4,994 sqft lot, built in 1956, with an assessed value of $320,000. The property sits in the Windsor Park neighbourhood of Winnipeg.
Its main appeal is the land-to-living-area ratio. The house itself is compact—well below the neighbourhood and city averages for living space—but the lot, while smaller than the street average, is decent for the area. The year built (1956) puts it among the older homes on the street, which often appeals to buyers looking for established construction and mature neighbourhoods rather than new developments.
The assessed value is slightly below the street average and significantly below the city average, which reflects the smaller living area. That pricing could attract buyers who are willing to compromise on square footage for a lower entry point in a stable, older neighbourhood.
This property would suit a buyer who:
- Is comfortable with a smaller, older home and values location and lot size over interior space.
- May be looking for a starter home or a downsizing option in a well-established area.
- Is open to some renovation or updating, as the age and size suggest potential for improvements or expansion (subject to local regulations).
Five Possible FAQs
1. How does the living area compare to other homes on this street?
It’s around average. The property is ranked 25th out of 36 homes on Agate Bay, with a living area of 776 sqft. The street average is 886 sqft, so it’s slightly smaller than most neighbours but not unusually small for the block.
2. Is the assessed value in line with similar homes?
Yes, roughly. The assessed value of $320,000 is close to the street average of $333,300. Citywide, it ranks in the top 64%, meaning it’s priced competitively compared to many other Winnipeg homes, likely because of the smaller living area.
3. Why is the land area ranked low on the street?
The lot is 4,994 sqft, which is below the street average of 5,584 sqft. It ranks 33rd out of 36 homes on Agate Bay, so the lot is on the smaller side for this specific street. However, it’s still around average compared to the rest of the city.
4. Is the house old enough to need major work?
The home was built in 1956, which is older than most in the neighbourhood (neighbourhood average is 1961). That doesn’t automatically mean major work is needed—many homes from that era have been well-maintained or updated—but it’s worth checking the age of the roof, furnace, windows, and electrical system. A thorough inspection is recommended.
5. How does this property compare to the rest of Windsor Park?
In terms of living area and land area, this home is below average for the neighbourhood. The assessed value is also below the neighbourhood average ($354,200). The year built is slightly older than average for the area. Overall, it’s a more modest, compact option within the neighbourhood, which could be a benefit for buyers looking for something less expensive or less typical.