55 Frontenac Bay – Property Overview
Key Characteristics & Buyer Profile
This is a 1956 bungalow with 936 sq. ft. of living space on a 5,200 sq. ft. lot in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the year built: it’s the oldest home on its street (ranked 1st out of 64) and ties with the street average of 1956. That means it likely shares construction character and materials with its immediate neighbours, but is older than most in the wider neighbourhood and city. The assessed value of $354,000 sits slightly above the street average ($339k) but aligns closely with the neighbourhood median, suggesting a stable, middle-of-the-market price point rather than a premium or discount.
The appeal lies in the contrast between age and value. The home isn’t large—its living area is below both the neighbourhood and city averages—but it’s not priced as a smaller home either. It offers a solid lot size (on par with the street, slightly below the neighbourhood) and an older build that may appeal to buyers looking for mid-century character or a home that’s already settled, not a new build. This property would suit a buyer who values location and street-level consistency over square footage; someone willing to update or maintain an older home within an established area. It’s less suited for anyone expecting modern floor plans, extra space, or a bargain based on size.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It’s above average in assessed value (ranked 18th out of 64) and on par for living area, land size, and year built. So it’s not the smallest or cheapest, but it’s also not the standout—except in age, where it ties for the oldest on the street.
2. Is the assessed value a good indicator of market price?
Assessed value is a rough benchmark, not a direct market price. Here, the $354k assessment sits near the neighbourhood average and above the street average. That could mean the market value is similar if the home is in average condition, but a thorough inspection and recent comparable sales would be needed to confirm.
3. Why is the living area considered “below average” but the assessed value isn’t?
Living area is only one factor in value. The lot size, location, and age also matter. This home’s older construction and solid street-level value help offset the smaller footprint. In older neighbourhoods, smaller homes on bigger lots can hold value well.
4. What does “ranked 1st out of 64” for year built actually mean?
It means this home is one of the oldest on the street—tied for earliest construction year (1956). That’s not necessarily good or bad; it implies original character (plaster walls, single-pane windows, etc.), but also older systems (plumbing, electrical) that may need attention. It’s a fact worth investigating, not a selling point on its own.
5. Should I be concerned that the land area ranks lower in the neighbourhood than on the street?
Not necessarily. On Frontenac Bay, your lot is about average. But compared to all of Windsor Park, it’s smaller than 87% of homes. That suggests the street itself has relatively uniform lots. If you value a compact, low-maintenance yard, that’s fine. If you want a deep garden or extra outdoor space, this may feel tighter than expected for the area.