5 Echo Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,100 sqft home built in 1956, sitting on a 5,997 sqft lot in Windsor Park. The assessed value is $381,000. What stands out here is not the house itself—it’s how it compares to what’s around it.
On its street, this property ranks in the top 28% for assessed value, and in the top 20% within the wider Windsor Park neighbourhood. That’s notable because the living area is actually slightly below the citywide average (1,100 vs. 1,342 sqft), and the lot size is close to the neighbourhood average. So the value isn’t coming from square footage or land—it’s likely tied to location, condition, or updates that aren’t captured in the raw stats.
The house is older than most in the neighbourhood (1956 vs. 1961 average) and significantly older than the citywide average (1966). For some buyers, that’s a red flag; for others, it means a more established structure with mature landscaping and a deeper lot feel. The lot itself is average for Windsor Park but slightly smaller than the street average (6,343 sqft), so you’re not getting a oversized yard, but it’s not cramped either.
Who this suits: Buyers who care more about relative value in a stable, mid-tier neighbourhood than about having the newest or largest home. It’s a good fit for someone who sees potential in an older property that already holds its value well among its neighbours—especially if they’re willing to invest in updates over time. Less ideal for someone who wants a move-in-ready modern floor plan or a standout lot.
Frequently Asked Questions
1. How does the living area compare to similar homes in the area?
It’s right around average. The house is 1,100 sqft, which is slightly below the citywide average for comparable homes (1,342 sqft) but close to the street and neighbourhood averages (1,196 and 1,091 sqft respectively). In Windsor Park, it ranks in the top third for living area, so it’s not small for the area—it’s typical.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a benchmark, not a guarantee. This home’s assessed value ($381K) is above the street and neighbourhood averages but below the citywide average for similar properties. That suggests the local market in Windsor Park is slightly more affordable than the city as a whole. You’d still want a recent CMA (comparative market analysis) to see what similar homes have actually sold for.
3. The house was built in 1956. What should I look out for?
Older homes often have good bones but may need updates to plumbing, electrical, insulation, or the roof. Since this one ranks well on assessed value despite being older than nearby homes, it may have been maintained or partially updated. A thorough home inspection is wise, especially for knob-and-tube wiring, lead pipes, or asbestos in older finishes.
4. How does the lot size affect the property’s value?
The lot is 5,997 sqft—almost exactly average for Windsor Park and slightly below the street average. It’s not a selling point on its own, but it’s not a drawback either. For citywide context, this lot size puts it in the top third of comparable homes, so relative to the rest of Winnipeg, the land is slightly above average. That could matter if you’re thinking about future expansions or outdoor use.
5. Why does the property rank higher in value than in size or age?
This is the interesting part. The home ranks better for assessed value (top 20% in the neighbourhood) than for living area or age. That usually means something other than square footage or newness is driving the value—perhaps a renovated kitchen or bathroom, a desirable street, good school access, or a layout that uses the space well. It’s worth asking the agent or seller what specific features contribute to that higher relative value.