Key Characteristics & Buyer Profile

This property at 2 Gatineau Bay offers a balanced profile, with its strongest asset being a generous 6,148 sqft lot that ranks in the top 13% on its street and top 28% citywide. The 1,040 sqft living space is slightly above average for the immediate street, though it falls below the Winnipeg average. Built in 1963, the home is among the newer options on the block, ranking second out of 38 homes. The assessed value of $373,000 is notably above the street and neighborhood averages, reflecting the lot size and relative newness within the area.

The appeal here is practical rather than flashy. Buyers get a property that stands out for its large yard in a solid, mid-century neighborhood (Windsor Park), without paying a premium for a fully renovated interior. The living space is functional but not oversized by city standards, which suggests the value is tied to the land and location. This would suit buyers who prioritize outdoor space, gardening, or future expansion potential over a move-in-ready, turnkey home. It is a strong fit for someone willing to invest in updating the interior over time, or for those who simply want more room between neighbors in an established, family-oriented area.

Five Possible FAQs

1. How does the living space compare to other homes in the area?
The living area of 1,040 sqft is slightly above the street average (1,095 sqft) and sits in the top third of the street. However, it is below the Winnipeg city average of 1,342 sqft. Within the Windsor Park neighborhood, it is very close to the average. So, it is competitive for the street but smaller than what you might find in newer or more outlying areas of the city.

2. Is the assessed value high for what you get?
The assessed value of $373,000 is above both the street and neighborhood averages ($351,000 and $354,000, respectively). This is largely driven by the above-average lot size and the home’s newer construction relative to its immediate neighbors. While it is close to the citywide average assessed value, it suggests you are paying more for land than for interior square footage compared to the typical Winnipeg home.

3. What is the condition of a home built in 1963?
A 1963 build means the home is over 60 years old. Key systems like electrical, plumbing, and the roof may be original or updated. The ranking (2nd newest on the street) is helpful, but "newest" in this context still means a 1960s home. Buyers should budget for potential updates to insulation, windows, and mechanicals, which are common at this age. A thorough home inspection is strongly recommended.

4. How significant is the lot size, really?
The 6,148 sqft lot is a standout feature. It ranks in the top 13% on the street and top 28% citywide. For Windsor Park, this is a noticeably larger plot than average. For buyers who want a substantial backyard for kids, pets, gardening, or the option to add a garage or extension in the future, this is the property’s primary advantage.

5. Who is this home not for?
This property is likely not the best fit for someone looking for a modern, open-concept floor plan with a large kitchen and master suite, or for a buyer who wants a completely finished, low-maintenance home. The interior space is average for its era, and the value is clearly in the land. Buyers seeking minimal upkeep or a fully updated interior may find better options elsewhere.