Here is a clean, standalone summary of the property at 7 Applewood Bay.
Key Characteristics & Buyer Profile
This home is a 930 sqft bungalow built in 1957, sitting on a 5,500 sqft lot in Windsor Park. What stands out most is its positioning on Applewood Bay itself. On this specific street, the home ranks in the top 12% for living area and top 18% for assessed value. In practical terms, this means it is one of the larger and more valuable homes on its block, offering a sense of presence and relative space that is hard to find among its immediate neighbours. The lot size is also right at the street average, which is a solid, functional yard without the burden of excessive land.
Where the property becomes more nuanced is in its broader context. Compared to the wider Windsor Park neighbourhood and the city of Winnipeg, the home is below average in size and sits on a smaller-than-average lot. It is an older build relative to the neighbourhood (1957 vs. the 1961 average). This creates an interesting dynamic: you are buying a top-tier home on a quiet, desirable bay, but you are not paying for a top-tier home in the city at large. The assessed value reflects this, landing squarely at the neighbourhood average ($354k) and below the citywide average ($390k).
The appeal here is specificity. A buyer who values being the standout property on a great street—where the home feels generous and well-regarded—will find this compelling. It suits someone who prioritizes a strong, immediate streetscape and a home that already commands respect in its micro-location, rather than someone seeking the largest footprint or newest build in the broader area. It is ideal for a couple, a small family, or a downsizer who wants a comfortable, well-positioned home without paying a premium for a neighbourhood showpiece.
Five Possible FAQs
1. Why is the home ranked high on the street but low in the neighbourhood?
The street (Applewood Bay) is a small pocket of homes that are generally smaller and built around the same time. Your home is one of the largest and most valuable on that specific street. However, when compared to the entire Windsor Park neighbourhood—which includes larger, newer homes on bigger lots—this home falls below the average. It simply means you are buying a top-tier property within a modest, consistent street context.
2. Is the 1957 build a concern or an asset?
It is a double-edged sword. Being one of the oldest homes on the street (ranked #1) suggests it has likely seen updates over the decades, but it also means original systems (plumbing, electrical, foundation) may require closer inspection. The positive side is that older homes in this area often have better construction and mature landscaping than newer infills. A thorough home inspection is recommended, particularly for the age.
3. How does the assessed value compare to what I might actually pay?
The assessed value of $354k is the city’s estimate for tax purposes. The actual market price depends on competition, condition, and demand. Given that the home is above average on the street but below average citywide, a buyer might be able to negotiate a price close to or slightly above assessed value, but unlikely to see a significant premium unless the interior is extensively renovated. It is a good benchmark for a realistic offer.
4. What is the neighbourhood vibe like?
Windsor Park is a well-established, family-oriented area with mature trees, parks, and a mix of post-war bungalows and newer builds. It is not a trendy, high-priced enclave, but it is stable, quiet, and convenient for amenities. The fact that the home is on a bay (Applewood Bay) specifically adds a layer of privacy and lower traffic, which is a practical advantage for daily life.
5. Is the lot size a limitation or a benefit?
At 5,500 sqft, the lot is average for the street but small for the area and city. This is a benefit if you want a manageable yard without constant upkeep. It is a limitation if you dream of a large garden, a pool, or significant outdoor space. It is a realistic, low-maintenance city lot that suits someone who values time over turf.