31 Echo Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1956 home in Windsor Park with 1,251 square feet of living space on a 7,111-square-foot lot. The lot is the standout feature—it ranks in the top 8% on the street, top 12% in the neighbourhood, and top 16% citywide. That’s unusually generous for the area. The interior living area is above average locally but sits right around the city median, so you get a solidly sized home without paying a premium for square footage you might not use. The assessed value is $368,000, which is essentially average for Echo Bay and slightly below the citywide comparable average of $390,000.
The appeal here is the land, plain and simple. A lot this size in a top-10% street ranking gives you room for a large garden, a workshop, an addition, or simply space that most neighbouring properties don’t offer. The house itself is from the mid-50s, which is older than the neighbourhood average (1961) and the city average (1966). That means you’re likely looking at some updates, but it also means the bones are from an era when lots were bigger and construction was straightforward. This property would suit a buyer who values outdoor space over a move-in-ready interior—someone comfortable with a renovation project, or someone who wants to hold land in a well-ranked neighbourhood and improve the structure over time. It’s less ideal for someone who wants a turnkey home with modern finishes and doesn’t care about lot size.
Frequently Asked Questions
1. How does this property compare to others on Echo Bay?
It ranks near the top for lot size (3rd out of 40 homes) and living area (7th out of 40) but sits in the middle for assessed value. In practical terms, you’re getting a bigger-than-average piece of land and a slightly bigger-than-average house for roughly the same price as other homes on the street. The trade-off is an older construction year—also 7th on the street, but that means most neighbours’ homes were also built around 1956, so the age isn’t unusual for this pocket.
2. What does the assessed value actually mean for buying or taxes?
The city’s assessed value is $368,000, which is near the median for Winnipeg. It’s about $22,000 below the city average for comparable homes. That translates to property taxes that are slightly below typical for the city. It also means you’re not paying a premium based on inflated expectations—the valuation reflects what the market has established for this combination of age, size, and lot.
3. Is this a good candidate for a major renovation or addition?
Yes, but with a caveat. The 7,111-square-foot lot gives you physical room to expand, and the home’s 1956 construction often means a simpler layout and fewer load-bearing surprises than newer builds. However, the house is already 1,251 square feet, so an addition could push it into a higher tax bracket and change how it compares to the neighbourhood average. The smarter play might be a careful reconfiguration of the existing footprint unless you specifically want more bedrooms or a larger main floor.
4. How does the age of the home affect insurance and maintenance?
It’s an older home, so expect higher insurance premiums than a 1990s or 2000s build, especially for plumbing and electrical. The good news is that 1956 homes in Winnipeg were built with materials and standards that have held up well—often with fir framing, plaster walls, and solid foundations. The likely maintenance items are the roof, windows, and mechanical systems, especially if they’re original. A pre-purchase inspection should focus on the age of the furnace, water heater, and any knob-and-tube wiring still active.
5. What’s the neighbourhood like for resale value?
Windsor Park ranks in the top third for assessed values citywide, but not the top tier. It’s an established area with mature trees and reasonably consistent home styles. The lot size at 31 Echo Bay is in the top 12% of the neighbourhood, which gives it a resale advantage—larger lots tend to hold value better and attract buyers willing to pay a premium. The home itself is around average, so the long-term value will come from the land more than the structure. If you improve the house without overcapitalizing, you’ll have a strong asset in a stable pocket of the city.