10 Gatineau Bay – Property Summary

Key Characteristics & Profile

This is a 1,040 sqft home built in 1963, on a 5,250 sqft lot, with an assessed value of $349,000. The property sits in the Windsor Park neighbourhood of Winnipeg, on Gatineau Bay.

The home’s strongest characteristic is its age. It ranks in the top 5% on the street and top 19% in the neighbourhood for year built, meaning it's one of the older homes in this immediate area. For buyers who appreciate the character, materials, or established feel of a 1960s build, that distinction matters. The assessed value is around average for the street and neighbourhood—neither a bargain nor an outlier—and slightly below the citywide average for comparable homes, which reflects the smaller living area and lot size.

The appeal lies in affordability and consistency. The home doesn’t stand out for space or land, but it doesn’t underperform dramatically either. It blends in. The living area (1,040 sqft) is a bit below the street average but typical for the broader neighbourhood. The lot is on the smaller side for this street (bottom 5%), which could mean less yard maintenance and a more compact outdoor space. That might suit someone who wants a manageable property rather than a sprawling lawn.

This property would suit: first-time buyers looking for an entry point in a stable middle-market area; downsizers who value a modest interior and small yard; buyers specifically interested in older, solidly built homes from the early 1960s who aren’t looking for recent renovations or oversized lots. It’s less well-suited to anyone needing space or a large property for a growing family.

Frequently Asked Questions

1. How does this home compare to others on Gatineau Bay?
On its street, it ranks high for age (top 5%) but near the bottom for land area (bottom 5%). Living area and assessed value are around the middle of the pack. So it’s older and on a smaller lot than most neighbours, but otherwise comparable.

2. Is a smaller lot a disadvantage?
It depends on your needs. Smaller lots often mean less upkeep and lower property tax exposure. But resale could be more limited if the entire street trends toward larger lots. It’s worth considering what neighbouring homes sell for and whether the smaller yard is a trade-off you’re comfortable with.

3. Why is the assessed value lower than the citywide average?
The citywide average for comparable homes is $390,100, while this property is assessed at $349,000. That gap mostly reflects the smaller living area (1,040 sqft vs. 1,342 sqft city average) and smaller lot (5,250 sqft vs. 6,570 sqft city average). The home is not under-assessed; it’s a smaller and more modest property by city standards.

4. Does “Top 5% for year built” mean the house is in original condition?
Not necessarily. The ranking simply compares construction year. A 1963 home could be original, partially updated, or fully renovated. The age ranking tells you it was built earlier than most nearby, but says nothing about its current condition. You’d need a walkthrough or inspection to assess that.

5. How stable is the Windsor Park neighbourhood?
The data shows the home ranks around the middle of the neighbourhood (top 55–58%) for both living area and value. That suggests Windsor Park is a fairly uniform, moderate-value area. It’s not a high-growth or high-volatility pocket—more of a steady, middle-ground neighbourhood. Buyers looking for appreciation might want to check recent sale trends; those seeking stability would likely find it here.