31 Buttonwood Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 947 sqft home built in 1956 on a 5,307 sqft lot, located in the Windsor Park neighbourhood of Winnipeg. The property's assessed value is $342,000.
What stands out here is the relative trade-off between the house and the land. The home itself is smaller than most comparable properties on its street, in its neighbourhood, and across the city. Its living area ranks in the bottom quarter locally. But the lot size—while still below street and neighbourhood averages—is much closer to the citywide median, ranking in the top half of Winnipeg. That gap between a modest house footprint and a reasonably sized city lot is often overlooked, but it matters for buyers who might eventually consider additions or redevelopment, or who simply want more outdoor space than the house size would suggest.
The home is older than most in the neighbourhood and city, but it's among the older homes on its own street—ranking in the top 19% there. That can mean it's surrounded by houses of similar vintage, which often holds appeal for buyers who prefer a mature, established streetscape over newer subdivisions with uniform builds.
The assessed value falls around the middle for the street and neighbourhood, and slightly below the citywide average for comparable homes. That's consistent with a smaller house on a modest lot in an older, stable area.
This property would suit: Buyers who want to get into a well-established Winnipeg neighbourhood without paying a premium for square footage they don't need. It's also a good fit for someone willing to take on a smaller home now, with an eye on the land's potential later. First-time buyers or downsizers who prioritize location and yard space over interior size would find this worth a look. It's less suited to anyone who needs a large, move-in-ready home or who wants a newer build with open-concept living.
Frequently Asked Questions
1. How does the living area compare to similar homes in Windsor Park?
The home is 947 sqft, which is below the neighbourhood average of 1,091 sqft for comparable properties. It ranks in the bottom 19% of Windsor Park homes. For context, it's also smaller than most homes on Buttonwood Bay itself, where the average is 1,078 sqft.
2. Is the assessed value of $342,000 reasonable for this area?
It's around average for both the street and the neighbourhood. On Buttonwood Bay, the average is $347,900, and in Windsor Park, it's $354,200. Citywide, comparable homes average $390,100, so this property sits below that, reflecting its smaller size and older construction.
3. The home was built in 1956—what should I expect in terms of maintenance?
Being older than the neighbourhood average (1961) and city average (1966), it's a mid-century house. On its street, it's actually among the older homes (top 19%). Buyers should budget for typical older-home considerations: possible updates to mechanical systems, windows, insulation, and roofing. But being in a pocket of similar-aged homes means the street character is cohesive, and neighbours often face similar upkeep cycles.
4. How does the lot size compare?
The lot is 5,307 sqft. That's below the street average (5,958 sqft) and the neighbourhood average (6,030 sqft), but it's close to the citywide median for comparable homes (6,570 sqft). In Winnipeg as a whole, this lot ranks in the top 48%, meaning it's roughly average for the city.
5. What kind of neighbourhood is Windsor Park?
Windsor Park is an established, older Winnipeg neighbourhood with a mix of post-war housing. It's known for tree-lined streets, proximity to the Seine River, and a generally stable, family-oriented feel. Homes here tend to be more modest in size compared to newer suburbs, but the area offers good access to amenities and transit. For a buyer, this property represents a chance to enter a mature neighbourhood at a more accessible price point than larger homes nearby would offer.