Property Summary: 2 Bibeau Bay

Key Characteristics & Ideal Buyer Profile

This home is a 1960-built bungalow or ranch-style property in Winnipeg’s Windsor Park neighbourhood, with 1,053 square feet of living space on a generous 6,294-square-foot lot. Its standout feature is the lot size—well above average compared to other homes on the same street and across the city. The assessed value of $393,000 is noticeably higher than most homes on Bibeau Bay and within Windsor Park, suggesting the property may have had recent updates or benefits from its larger land parcel. Living area and year built are both around the neighbourhood norm, meaning this isn’t a home that stands out for square footage or modern construction, but rather for its outdoor space and relative value retention.

The appeal lies in the balance of a usable, modest interior paired with a larger-than-typical yard in a settled, mid-century neighbourhood. This property would suit buyers who prioritise outdoor space—gardeners, families with children, or anyone wanting room for a workshop, shed, or expansion—over a large or recently renovated interior. It also fits someone looking for a solid, unremarkable home in a stable area where the land holds more long-term potential than the house itself. Investors might see the lot as an underutilised asset, though the home is likely liveable as-is.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $393,000 is above the street average of $356,600 and the neighbourhood average of $354,200. It ranks in the top 12% of Windsor Park homes. Citywide, it sits near the middle of the pack. This suggests the property has been appraised higher than many neighbours, possibly due to its larger lot or recent improvements.

2. Is this a fixer-upper or move-in ready?
The listing data doesn’t specify condition. However, the 1960 build date and average living area relative to the neighbourhood suggest the home likely retains its original layout. The higher assessed value could indicate renovations, but without photos or a report, it’s reasonable to expect some updates may be needed. A home inspection is advisable.

3. How does the lot size compare to other properties in Windsor Park?
At 6,294 square feet, the lot is bigger than roughly 70% of Windsor Park properties. It ranks in the top 20% on Bibeau Bay itself and top 26% citywide. This is the home’s strongest selling point and rare for a property built in this era.

4. What does the ranking data actually mean?
The rankings compare this home against other single-family or comparable homes on the same street, in the neighbourhood (Windsor Park), and across Winnipeg. A lower rank number means the home ranks higher—for example, #7 out of 76 on the street means only six other homes on Bibeau Bay have a higher assessed value. The top 9% ranking for assessed value on the street indicates it’s among the more valuable homes there.

5. Who would this home not be a good fit for?
Buyers wanting a large, open-concept interior or a recently built home with modern finishes would likely be disappointed. The living space is smaller than the citywide average, and the 1960 construction may come with maintenance needs. This is a property for someone who values land and location over the house itself.