Key Characteristics & Buyer Profile

This 912 sq ft home on a 6,043 sq ft lot was built in 1960 and is located in the Windsor Park area of Winnipeg (Halliday Bay). It is a modestly sized property relative to its neighbours and the wider city. The home’s appeal lies in its combination of a below-average footprint and an above-average assessed value. The tax assessment of $377,000 ranks higher than 73% of homes on the same street and 76% in the broader community, suggesting the lot or location holds more weight than the structure itself. The lot size is also competitive city-wide, ranking in the top 30%.

This property would suit a buyer who values land or the potential for future changes over immediate living space. It is a strong fit for someone who sees value in a well-located, smaller home that may be ready for updates or expansion, rather than a buyer seeking a move-in-ready, spacious floor plan. The above-average property tax relative to comparable homes also means a buyer should factor in a higher carrying cost than the square footage alone might suggest.

Five Possible FAQs

1. Why is the assessed value higher than average when the house is smaller than most?
The assessment likely reflects the lot’s value and the property’s location more than the building’s square footage. The land is larger than many city-wide comps, and Windsor Park is a desirable community. This is common in established neighbourhoods where land appreciates faster than the structure.

2. Is a 1960s home likely to need major updates?
Possibly. The home is older than roughly 42% of properties in Windsor Park, but newer than many in the city. Systems like electrical, plumbing, roofing, and insulation may be original or near end-of-life. Any serious buyer should budget for an inspection and potential upgrades, particularly for energy efficiency.

3. How does the property compare to others on Halliday Bay specifically?
It’s one of the most recently built homes on the street (top 9%), but has one of the smallest living areas (30th out of 33). Its tax assessment ranks 9th highest, meaning it carries a higher valuation than most neighbours despite having less interior space. This is an unusual split that points to location or land value.

4. Who typically lives in this part of Windsor Park?
Windsor Park is a well-established, family-oriented neighbourhood with a mix of original owners and newer buyers drawn by its mature trees, access to parks, and proximity to downtown. Homes here tend to be modest, but demand is steady due to the area’s convenience and community feel.

5. What are the key risks a buyer should consider?
The main risk is overpaying if the home’s smaller size is not factored into the offer price. The above-average assessment also means property taxes will be higher than many equally sized homes elsewhere. A buyer should verify if any major renovations have been completed, and whether the home’s structure and systems match the condition suggested by its valuation.