Key Characteristics & Buyer Profile
This is a 1,251 sqft home on a 6,186 sqft lot, built in 1956. It sits on Echo Bay in the Windsor Park neighbourhood of Winnipeg.
The property’s main strength is its livable square footage. It’s among the larger homes on its street (top 18%) and stands out even more within the broader Windsor Park area (top 14%), where the average home is closer to 1,091 sqft. The lot size is also slightly above the neighbourhood average, though similar to many properties citywide.
Where the trade-off shows up is in the assessed value. At $332,000, this home is notably below the average on its street ($370,000) and in the bottom quarter of the neighbourhood. That suggests the interior condition, finishes, or layout haven’t been updated to match the area’s upper-tier properties, despite the generous floor plan. Being a 1956 build, it’s older than most homes in Windsor Park and the city at large, so buyers should expect some maintenance and systems that may need updating.
This property would suit a buyer looking for space—both inside and on the lot—at a relatively accessible price point. It’s less appropriate for someone seeking a move-in-ready, fully updated home, or for a buyer who prioritizes a newer build and low upkeep. It could work well for someone willing to invest sweat equity, a first-time buyer wanting room to grow, or a renovator looking for a solid footprint in a decent neighbourhood.
Five Possible FAQs
1. Does the higher-than-average square footage mean this home is priced well for its size?
Not necessarily. The home’s assessed value is below the street and neighbourhood averages, which may indicate that its interior condition, age, or layout hasn’t kept pace with the larger homes around it. You’re getting more floor space than most nearby properties, but the price reflects that it likely needs work or updates.
2. How common are 1950s homes in Windsor Park?
This home (1956) is older than the neighbourhood average (1961). While Windsor Park has a mix of eras, many homes were built in the early 1960s, so this one is a bit earlier than typical for the area. You may encounter original features or materials that differ from slightly newer homes nearby.
3. What does “assessed value” mean in practical terms for a buyer?
Assessed value is the city’s estimate of market value used to calculate property taxes. A lower assessment (like this one) means relatively lower annual taxes. However, if you renovate or improve the home, the assessment—and your taxes—may increase after the next reassessment cycle.
4. Is a lot of 6,186 sqft considered large for this area?
It’s close to the average on the street (6,343 sqft) and slightly above the neighbourhood average (6,030 sqft). Citywide, it’s actually above average (top 27%), so you’re getting a bit more outdoor space than many Winnipeg properties, but it’s not unusually large for Echo Bay.
5. What should I look out for with a home built in 1956?
Standard concerns for a home of this age include the condition of the electrical system, plumbing (especially if original), insulation levels, the roof, the furnace, and windows. Foundations from this era are generally solid, but it’s worth checking for signs of settling or moisture. A home inspection is strongly recommended.