Key Characteristics & Buyer Profile

This is a 972 sqft home on a 5,000 sqft lot, built in 1956. What stands out isn’t size, but value and timing. The assessed value of $359k is notably above the street average ($338.9k), ranking it in the top 23% of its own block. Yet, compared to the broader city and neighborhood, it sits squarely at average or slightly below—meaning you’re getting an asset that punches above its immediate context without paying a premium for the wider area. The 1956 build year is a standout: it’s the oldest home on its street (top 2%), which can appeal to buyers who appreciate solid, older construction, established landscaping, or a street with character rather than new infill.

The appeal lies in contrast. On one hand, the home is smaller than the neighborhood norm (1,091 sqft) and sits on a lot that’s small for the area (5,000 sqft vs. 6,030 sqft average). On the other, it’s valued higher than its street peers, suggesting it may have been well-maintained or updated in ways the raw data doesn’t capture. This is a property for a buyer who values a strong asset within a modest footprint—perhaps a first-time buyer looking for something move-in ready in a stable, older neighborhood, or an investor who sees the assessed value as a floor, not a ceiling. It’s less suited for someone seeking maximum square footage or a large yard, but ideal for someone who wants to own something that’s already ahead of the curve on its own street.

Five Possible FAQs

1. Why is the assessed value high for this street when the house is smaller than average?
The assessed value reflects market factors beyond square footage—condition, upgrades, location on the block, and lot features all play a role. Since the home ranks in the top 23% for value on its street despite being around average in size, it’s likely been maintained or improved more than its neighbors, or sits on a more desirable portion of Frontenac Bay.

2. Is a 5,000 sqft lot actually small for Windsor Park?
Yes, relative to the neighborhood. Windsor Park lots average 6,030 sqft, and this home ranks in the bottom 10% of the area for lot size. That said, it’s still a standard city lot—many buyers find 5,000 sqft perfectly manageable for maintenance, gardening, or adding a garage without feeling cramped.

3. Does the 1956 build year mean the house needs major updates?
Not necessarily. While it’s the oldest home on the street, age alone doesn’t dictate condition. Many homes from the mid-50s in Winnipeg were built with durable materials like plaster walls and old-growth lumber. The key is to inspect for updates to electrical, plumbing, windows, and insulation—which the assessed value may already reflect.

4. How does this property compare to others at the same price point citywide?
It’s essentially on par with the city median for assessed value (top 51%), meaning it’s neither a steal nor overpriced. What sets it apart is that it’s a stronger value on its own street than many homes at that price point are for theirs—so you’re buying a property that’s already well-regarded in its immediate context.

5. What does “top 2% for year built” actually mean in practical terms?
It means this is one of the earliest-built homes on Frontenac Bay. That can be a positive if you value established trees, deeper setbacks, or original features. It can also mean higher maintenance if previous owners deferred upkeep. The upside is that you’re unlikely to have neighbors with more recent builds that overshadow yours in character or land use.