This 816 sqft bungalow, built in 1960, sits on a 5,329 sqft lot in Winnipeg’s Windsor Park neighborhood. Its strongest feature is the build year: it’s the oldest home on Cascade Bay (ranked #1 out of 50 on the street), giving it a solid, original-boom character that’s less common in a subdivision where most houses went up around 1959–1961. The assessed value of $320k is notably below the street average of $356k and the citywide average of $390k—making it one of the more affordable options on the block. The living area and lot size both rank below street and neighborhood averages, which means this property is compact compared to its immediate neighbours.
The appeal lies in its relative value for a buyer who values location and age over square footage. Being the oldest home on the street could signal an opportunity for cosmetic updates or a more private, mature setting where newer builds are rarer. It suits first-time buyers, investors looking for a lower entry point in a stable area, or anyone who prioritizes a smaller footprint and lower property taxes over a larger house. The citywide value rank (64th percentile) suggests it’s not an outlier—just a modest home in a middle-market position.
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How does the assessed value compare to similar homes nearby?
At $320k, it’s about 10% below the street average ($356k) and about 18% below the citywide average for comparable homes ($390k). It’s one of the lower-valued properties on Cascade Bay, ranking 49th out of 50 street-level homes.
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Is the lot size considered small for the area?
Yes. The 5,329 sqft lot is below the street average of 6,300 sqft and the neighborhood average of 6,030 sqft. It ranks 44th out of 50 on the street, so it’s among the smaller lots in this immediate stretch.
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What does “built in 1960” really mean for maintenance and updates?
It’s in the top 2% oldest homes on the street, which usually means it’s likely been updated less recently than neighbours, or has original construction materials (e.g., plaster, hardwood, older windows). You’d want to check for foundation, roof, and mechanical age—but being first on the street for age can also mean less risk of flooding from newer landscape grading.
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How does the living area stack up to other homes in Windsor Park?
The 816 sqft is below the neighborhood average of 1,091 sqft and ranks in the 94th percentile citywide (meaning only 6% of homes are smaller). It’s genuinely compact—more of a starter or downsizing property than a family home by current standards.
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Would this property be a good investment?
Possibly, if you’re comfortable with a below-average size and lot. The low assessed value offers a lower barrier to entry, and the street itself is established (oldest house, not a new build area). However, resale might depend on how much you can improve the interior—square footage can’t change, so the upside is in condition and curb appeal rather than space.