Property Summary: 4 Argonne Bay
Key Characteristics & Buyer Profile
This is a 939 sqft single-family home built in 1956 on a 5,994 sqft lot in Winnipeg’s Windsor Park neighbourhood. What stands out immediately is the assessed value: at $374,000, it ranks #1 on its street (top 3%) and well above the street average of $322,700. That’s not just a pricing quirk—it suggests the home has been well-maintained or updated in ways that the market has rewarded. The lot is also larger than most on the street (top 21%), which gives it more flexibility for future landscaping, additions, or simply more outdoor space than neighbours.
However, the living area is below the neighbourhood and city averages—939 sqft is modest for Windsor Park and Winnipeg as a whole. On its own street, it’s actually above average (top 8%), meaning the street itself consists of smaller homes. The 1956 build year is older than the neighbourhood average (1961) and city average (1966), but being the oldest home on its street (tied at #1) isn’t necessarily a drawback—it often means the home has original character, mature trees, or a more established lot.
Who this suits: Buyers who value a strong asset position over square footage. This isn’t the home for someone who needs 1,500 sqft or a modern open-concept floor plan. Instead, it appeals to those who prioritize land, location, and a property that has already appreciated well relative to its street. It could work for a first-time buyer looking for long-term value, someone wanting a manageable footprint with yard space, or an investor confident that the assessed value reflects genuine demand rather than temporary market conditions.
Five Possible FAQs
1. Why is the assessed value so high for a 939 sqft home?
The assessed value of $374,000 is the highest on the street, even though the home is smaller than the city average. That likely reflects upgrades to the interior or mechanicals (kitchen, bathroom, roof, windows, or systems) that aren't captured in square footage alone. It could also be that the lot size is larger than typical for the street, or that the home has a desirable layout or finish quality. You'd want to confirm the age and condition of major systems during a viewing.
2. Is the 1956 build year a concern?
Homes from the 1950s can have sturdy construction (often with materials like old-growth lumber), but they may require updates to insulation, wiring, plumbing, and windows. In this case, the high assessed value suggests that at least some updates have been completed, but it’s worth checking when the furnace, electrical panel, and roof were last replaced. Older homes can also have lead paint or asbestos in certain materials, though these were more common in pre-1950 builds.
3. How does the lot compare to others in Windsor Park?
At 5,994 sqft, the lot is about average for the neighbourhood (6,030 sqft average) and slightly smaller than the city average (6,570 sqft). But on Argonne Bay, it’s above average—only 21% of lots on the street are larger. That means you get more outdoor space than most immediate neighbours, which can help with privacy, gardening, or future expansion possibilities like a garage or deck.
4. What does “top 8% on the street” for living area actually mean?
It means that compared to the other 38 homes on Argonne Bay, this one is larger than 92% of them. The street average is 865 sqft, so at 939 sqft it’s about 8.5% bigger than typical. In a neighbourhood where many homes are smaller, this home doesn’t feel cramped by local standards—it’s only when compared to larger suburban houses or newer builds that the size seems modest.
5. How does this property stack up for resale potential?
The fact that it’s #1 on its street for assessed value suggests strong demand relative to nearby homes. But resale potential also depends on how much of that value is tied to improvements that may need refreshing in 5–10 years. If you buy at the assessed value, your upside depends on the broader market and whether you can add value through further upgrades. The below-average living area could limit appeal for families who prioritise space, but the lot and street ranking give it a relatively protected downside compared to larger homes on weaker streets.