99 De Bourmont Bay – Property Summary
Key Characteristics & Buyer Fit
This is a 968-square-foot home on a 5,648-square-foot lot, built in 1956, with an assessed value of $372,000. The standout feature is its assessed value relative to the local street and neighborhood. On De Bourmont Bay, it ranks 13th out of 46 homes (top 28%) for value, and the same in the wider Windsor Park area—meaning it’s priced noticeably higher than the local averages of $357,800 and $354,200 respectively. Citywide, the value is about average. The living area is on the smaller side, ranking in the bottom quarter on its own street and bottom third citywide. The lot size is middle-of-the-road: neither oversized nor cramped, and fairly typical for the area.
The appeal here is value density. You’re getting a property that appraises well above its immediate neighbors, but the house itself is modest in square footage. That likely reflects good condition, updates, or a particularly desirable location within the street—not extra space. For a buyer, this means you may pay more per square foot than the average house on the block, but you’re buying into a street where homes hold higher value. The older build (1956) is typical for the street, though slightly older than the neighborhood and city averages, so expect maintenance that comes with a mid-century home.
This property would suit a buyer who prioritizes location and assessed stability over raw square footage. It’s a good fit for someone who wants to be in a higher-valued pocket of Windsor Park without needing a large house—perhaps a couple, a small family, or an investor looking for a property with strong relative value in a modest footprint. It’s less ideal for buyers who need expansive living space or a large lot for additions.
Five Possible FAQs
1. How does the smaller living area affect the home’s value compared to others on the street?
The home has less living space than 93% of houses on De Bourmont Bay, yet its assessed value ranks in the top 28%. This suggests the value is driven by factors other than square footage—likely updates, condition, or lot characteristics. It’s not a typical trade-off: you’re paying a premium for a smaller house in a higher-value tier.
2. Is the 1956 build a concern for maintenance or insurance?
Not inherently. A 1956 home is older than the city average (1966), but it’s typical for this street (average also 1956). Many homes of this vintage have been updated. You should budget for potential older systems (plumbing, electrical, foundation) and check if any major upgrades have been done. Some insurers may apply a modest age surcharge, but it’s not unusual for Winnipeg.
3. How does the lot size compare to others in Windsor Park?
The lot is 5,648 square feet, which ranks 2,231 out of 3,307 in the neighborhood (top 67%). It’s slightly smaller than the neighborhood average of 6,030 square feet. It’s not a standout lot, but it’s not noticeably undersized either—adequate for a typical single-family home with a yard.
4. What does “ranked top 28% for assessed value” actually mean for resale?
It means the home is appraised higher than 72% of comparable homes on the same street and in the same neighborhood. This can be a double-edged sword: you’re buying into a strong relative value position, but selling later may depend on whether those same factors (updates, condition) remain competitive. It doesn’t guarantee a fast sale, but it suggests the property is already performing well in its local market.
5. Why is the assessed value “around average” citywide but much higher than the neighborhood average?
The citywide average for comparable homes is $390,100, which is higher than the neighborhood average of $354,200. So while this home’s $372,000 is above its immediate neighbors, it’s still below the broader city median. This reflects that Windsor Park is a more affordable area relative to Winnipeg as a whole—so being above average locally doesn’t mean above average citywide.