15 Buttonwood Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1956 bungalow with 1,040 square feet of living space on a 6,832-square-foot lot in Windsor Park. The home sits on Buttonwood Bay, a quieter street within the neighbourhood. Its strongest asset is the lot size, which ranks in the top 11% on the street and top 18% citywide—significantly larger than average for comparable homes in Winnipeg. The assessed value of $379,000 is above average for both the street and neighbourhood, though it falls slightly below the citywide average for similar properties. The living area is modest, ranking around average across all levels, and the home is older than many nearby houses (ranked 75th percentile in the neighbourhood for age).
The appeal here is land, not square footage. Buyers who value outdoor space, gardening, or the potential to expand or redevelop will find this lot compelling. It also suits someone who wants a home in a well-established, mid-century neighbourhood without paying a premium for a renovated interior or a larger floor plan. Because the living area is unremarkable, it may not suit buyers who need substantial indoor square footage unless they plan to build an addition. The property offers above-average value relative to its street and neighbourhood, which may appeal to investors or owner-occupants looking for upside in a stable area.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in Winnipeg?
The assessed value of $379,000 is around average for comparable homes citywide (ranked 44th percentile). It’s above average for the street and neighbourhood, meaning the property holds higher relative value locally, but doesn’t stand out in the broader city market.
2. Is the house small compared to others in the area?
Yes, but not dramatically so. At 1,040 square feet, it’s slightly below the neighbourhood average of 1,091 square feet and well below the citywide average of 1,342 square feet. It ranks in the top 55% locally, so it’s on the smaller side but not an outlier.
3. What are the implications of the property being built in 1956?
Homes from this era often have solid construction and mature landscaping, but may require updates to electrical, plumbing, insulation, or roofing. Since the property ranks below average in age within the neighbourhood (75th percentile), many nearby homes are newer, which could affect resale or renovation costs.
4. How large is the lot, and what can I do with it?
At 6,832 square feet, the lot is in the top 14% for the neighbourhood and top 18% citywide. That’s roughly 30% more land than the average comparable property in Winnipeg. Depending on zoning, this could allow for a larger addition, a detached garage, or even subdivision in the future—though you’d need to verify with the city.
5. Who would this property not suit well?
Buyers looking for a move-in-ready home with generous living space, modern finishes, or a central location near amenities may find it underwhelming. The floor plan is modest, and the home’s age means maintenance or renovation is likely. It’s also not ideal for someone seeking a low-maintenance yard, given the large lot.