This is a 930 sqft home on a 5,493 sqft lot, built in 1958. Its strongest feature is the construction year—it’s the oldest house on Almond Bay, ranking #1 out of 37 homes on the street. That matters less for prestige and more for what it implies: this is likely a original or early-build home in the area, often with more mature landscaping, solid framing, and a layout that predates the open-concept trend. The assessed value of $288k is the lowest on the street (37th out of 37), which reflects both its smaller size and the fact that the property hasn’t been pushed upward by recent renovations or a hot market premium. The living area is about average for the street but noticeably smaller than the neighborhood average (1,091 sqft) and city average (1,342 sqft). The lot is close to the street average but below the neighborhood norm.
The appeal here is straightforward: entry-level pricing in a street with higher-average neighbours. For a buyer who values location over square footage, or who has the budget and interest to renovate or expand, this property offers a lower barrier to entry than most homes on the block. It would suit a first-time buyer looking to get into Windsor Park without stretching into higher-assessed homes, or an investor who sees upside in a smaller home on a decent lot in a stable area. It may also work for someone downsizing who prioritizes a quiet street over interior space. What’s less obvious is that the below-average assessed value relative to the street could mean lower property taxes year-to-year, and the older build date can be an advantage for someone who prefers simpler, more repairable systems over modern sealed units and composite materials. However, the house’s age also means updating will likely be needed, and financing or insurance may be slightly trickier for a 1958 home without recent renovations.
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How does the assessed value compare to the actual market price?
Assessed value ($288k) is a municipal figure used for property tax calculations, not a market estimate. It’s the lowest on the street, but market price depends on condition, recent sales, and demand. A home with below-average assessed value often sells for more if it’s in good shape, or less if it needs work. Expect a gap.
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Is a 930 sqft home too small for a family?
It depends on the layout. Mid-century homes often have separated rooms and usable basements, so the usable space can exceed the main-floor square footage. If the basement is unfinished or only partly finished, total living space could be significantly less. Check the basement height and condition before assuming it’s livable.
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Why is the assessed value so low compared to the neighbourhood?
The home is smaller than the neighbourhood average (930 vs 1,091 sqft), and assessed value reflects size, age, and condition. If the interior hasn’t been updated, that also holds value down. Being the lowest on the street isn’t necessarily negative—it means lower property taxes and more room for value growth if improvements are made.
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What does “ranked #1 out of 37 for year built” actually mean?
It means this is the oldest house on Almond Bay. That doesn’t automatically mean “historic” or “well-built”—but in many older Winnipeg neighbourhoods, the earliest homes were often built on larger lots with better materials. It’s worth having an inspector look at the foundation, electrical, and plumbing specifically, as 1958 homes may have knob-and-tube wiring or cast iron drains.
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Is a 5,493 sqft lot considered small?
It’s close to the street average (5,571 sqft) and falls in the top 59% of the street—so it’s not small for the area. Compared to the neighbourhood average (6,030 sqft) and city average (6,570 sqft), it’s below average, but still a standard suburban lot. It’s enough space for a garden, a small garage, or a future addition, depending on zoning and setbacks.