Key Characteristics & Buyer Profile

This is a 775-square-foot home built in 1957, sitting on a notably large 6,369-square-foot lot. The property's strongest asset is its land: it ranks in the top 24% for lot size both within the Windsor Park neighbourhood and across Winnipeg, and it’s the third-largest lot on Applewood Bay. The house itself is compact by modern standards, falling below average for living space in both the neighbourhood and the city.

The appeal here is straightforward: you get a mid-century bungalow with generous outdoor space in an established, modestly priced pocket of the city. The assessed value ($338,000) is close to the street average and below the neighbourhood average, suggesting the value is more in the land than the structure. This property would suit a buyer looking for a starter home, a downsizer who values yard space over square footage, or someone open to a renovation project on a solid lot in a mature area. The 1957 build year is effectively the average for the street (also 1957) but older than much of the surrounding neighbourhood, which could appeal to those who prefer the character and simplicity of older construction.

Frequently Asked Questions

1. How does the property’s value compare to others nearby?
The assessed value is $338,000, which is near the average for the street (approx. $331,000) but below the Windsor Park average ($354,000). It ranks in the 7th position out of 17 homes on Applewood Bay. This tells you the home offers a below-average price entry for the neighbourhood, likely reflecting its smaller living area.

2. What is the actual living experience like with 775 square feet?
This is a modest footprint. Most similar homes in the area are larger (neighbourhood average is 1,091 sq ft), so expect compact rooms. However, the large lot (6,369 sq ft) provides a significant outdoor living area. For many buyers in this price range, the trade-off—a smaller interior for a bigger yard—is intentional and practical.

3. Is the home considered old or dated for this area?
It was built in 1957, which is on par with the street average (1957) but older than the neighbourhood average (1961) and city average (1966). So yes, it is slightly older than the immediate surroundings, but not out of step with its own street. This can mean solid construction but may require updates depending on the previous owner’s maintenance.

4. How does the lot size affect usability or future options?
The land is in the top 24% citywide and the third-largest on the street. This is the home’s standout feature. A larger lot offers more privacy, gardening space, or room for a garage, shed, or expansion. It also means less neighbour proximity, which is rare in compact urban lots.

5. Is this a good property for a first-time buyer or an investor?
It could suit both, but for different reasons. A first-time buyer gets a lower-cost entry into a stable neighbourhood with room to grow outdoors. An investor or renovator would see potential in the land value and the possibility of adding square footage or redeveloping, provided zoning allows. The older build year and small footprint are the main constraints to consider.