Property Overview: 16 Gatineau Bay, Windsor Park, Winnipeg

Section 1: Key Characteristics & Appeal

This Windsor Park home, built in 1962, presents a practical opportunity in a mature neighbourhood. Its key characteristic is balance: at 1,040 sqft, the living area is very typical for the street and slightly above average for Windsor Park, offering a comfortable footprint for a smaller household. The assessed value of $316k is notably below the averages for both the street and the neighbourhood, which may indicate a value proposition or reflect the home’s specific condition or update status.

The appeal lies in its established location and potential. The lot, while smaller than most on the street, is near the citywide average, providing manageable outdoor space. The home suits first-time buyers or downsizers looking for an entry into a stable area without a premium price tag. It’s also a candidate for buyers with a renovation budget who see value in the below-average assessment and are comfortable with a home from the early 1960s. A less obvious perspective is that its very typical size and below-average value for the immediate area could make it a sensible, lower-risk choice in a neighbourhood where many properties are closely comparable.

Section 2: Frequently Asked Questions

1. Why is the assessed value below the street and neighbourhood averages?
This can be due to several factors, including the home’s specific condition, the level of modern updates, or its smaller lot size relative to the street. It’s a key point to investigate further through a viewing and potential professional inspection.

2. How does the 1,040 sqft living area feel for a home of this era?
The size is typical for Windsor Park and slightly above the neighbourhood average. Homes from this period often have efficient, straightforward layouts, but room sizes and ceiling heights may differ from newer constructions. A personal viewing is the best way to gauge the feel of the space.

3. What does the lack of sales history on this listing mean?
The platform does not display MLS sales history. The sold price data for nearby properties is sourced from public records, not the MLS. You can request exact historical figures for this property directly from the site via email for a manual lookup.

4. Are the nearby "for reference" properties good comparables?
They offer a general benchmark for the area. For example, nearby homes on Gatineau Bay of similar size and age have assessed values in the $335k-$343k range, while slightly larger homes on neighbouring streets are assessed higher. This context helps illustrate where this property sits in the local market.

5. Is the smaller lot size a significant drawback?
At 5,200 sqft, it is the smallest on Gatineau Bay but near the citywide average. It means less yard maintenance but may offer less privacy or space for expansions like a large deck or addition compared to neighbours. Your preference for low-maintenance outdoor space versus larger gardens will determine its impact.