23 Gatineau Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,012 sqft home built in 1963 on a 5,460 sqft lot in the Windsor Park neighbourhood of Winnipeg. What stands out most is the construction year: on its street, it ranks in the top 5% for age, meaning it’s among the oldest homes on the block. That can appeal to buyers who value established construction, mature landscaping, or a street with consistent character—especially since the neighbourhood average year built is 1961, so it fits right in.

The living area is slightly below street, neighbourhood, and city averages—not unusual for a home from this era. The lot size is also below the neighbourhood average. The assessed value sits close to the street and neighbourhood medians but notably below the citywide average for comparable homes, which suggests this property is priced in line with its immediate surroundings rather than broader market trends.

This property would best suit a buyer who is comfortable with a compact, functional floor plan and is more focused on location and street-level consistency than square footage. It may also appeal to someone looking for a home that’s older but solid, in a neighbourhood where similar homes have held their value around a stable midpoint. It’s less suited for someone seeking a larger layout or a newer build without renovation potential.

Five Possible FAQs

1. How does this property’s size compare to others nearby?
The living area (1,012 sqft) is smaller than the street average of 1,095 sqft and the Winnipeg average for comparable homes of 1,342 sqft. The lot (5,460 sqft) is also below the neighbourhood average of 6,030 sqft. On both measures, it ranks in the lower half locally.

2. Is the assessed value in line with the neighbourhood?
Yes. At $354,000, it’s almost exactly at the neighbourhood median of $354,200 and just above the street median of $351,000. It’s notably below the citywide average of $390,100, which reflects that this home’s value is more influenced by local factors than by citywide trends.

3. Why does the year built matter here?
Built in 1963, this home is one of the oldest on the street—ranked 2nd out of 38. That makes it part of the original wave of construction in the area. For buyers, this can mean thicker framing, simpler layouts, and a neighbourhood with consistent architectural character, but it may also imply older systems or finishes that could need updating.

4. What does “top 5%” for year built actually mean?
On this street, only one home is older than this one. That’s an elite ranking locally, but in the broader city, 1963 is close to the average for comparable homes (1966). So the age is distinctive on the block but not unusual for Winnipeg overall.

5. Should I expect this home to need renovations?
Not necessarily, but it’s worth investigating. The age suggests that major systems (roof, furnace, windows, plumbing) may have been replaced at some point, or may be original. The assessed value being stable and average for the area doesn’t indicate deferred maintenance, but a home built in 1963 is unlikely to have modern finishes or open-concept layouts without prior updates. A home inspection and permit history review would clarify what’s been done.