50 Vincent Massey Boulevard – Property Summary
Key Characteristics and Buyer Profile
This is a 1961-built home with 816 square feet of living space on a 5,666-square-foot lot, located in Winnipeg’s Windsor Park neighbourhood. Its assessed value is $324,000.
The property’s appeal lies in its compact, efficient footprint and older construction quality. The living area is below average compared to nearby homes and citywide figures, but the lot size sits close to the median for the street and neighbourhood. The year built is slightly older than the city average (1961 vs. 1966), which may appeal to buyers who prefer solid mid-century construction over newer builds.
The home ranks well above average for its street in terms of age (top 18%), suggesting it was built during a period of consistent quality in the area. The assessed value is below the street and neighbourhood averages but around the citywide median, indicating reasonable affordability relative to broader Winnipeg prices.
This property would suit first-time buyers, downsizers, or investors looking for a smaller home with a decent-sized lot in an established neighbourhood. It may also appeal to buyers who prioritize lot space over interior square footage, or those open to renovations, as the lower living area relative to the lot suggests potential for expansion or redevelopment. The Windsor Park location offers mature trees, nearby parks, and access to the Red River corridor, which buyers seeking a quieter, family-oriented area may find attractive.
Frequently Asked Questions
1. Why is the living area below average but the lot size average?
The home’s 816 sqft interior is smaller than most comparable properties in the area, but its 5,666 sqft lot is in line with typical neighbourhood lot sizes. This often indicates a home with a smaller footprint on a standard lot, which can be appealing for those who want outdoor space without a large house to maintain.
2. What does the assessed value of $324,000 tell me?
It means the property is priced below both the street and neighbourhood averages. Citywide, it sits near the middle of the pack. For buyers, this could signal value, but it’s also worth noting that lower assessed value sometimes reflects smaller size or deferred maintenance rather than underpricing.
3. Is a 1961 home likely to have any common issues?
Homes from this era often have original electrical systems (fuse boxes rather than circuit breakers), cast iron or galvanized plumbing, and less insulation by modern standards. The good news is that many 1960s homes in Winnipeg were built with quality materials. A home inspection is recommended to check for knob-and-tube wiring, foundation cracks, or asbestos in older flooring and insulation.
4. How does the property compare to others currently on the market in Windsor Park?
This home’s living area is below the neighbourhood average (roughly 1,091 sqft), but its lot size is typical. If you’re shopping for a smaller home with a good lot, it could stand out against newer infills that often sacrifice yard space. Check recent sales for homes of similar age and size to get a clearer picture of market competitiveness.
5. What are the possibilities for adding square footage?
Given the lot is around average size for the area, an addition or secondary suite may be feasible, depending on zoning and setback requirements in Windsor Park. Many older homes in this neighbourhood have room for a rear or side addition. Consult the city’s planning department or a local contractor to confirm what’s allowed before making plans.