38 Gatineau Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,027 sqft single-family home built in 1963, sitting on a 5,776 sqft lot in the Windsor Park neighbourhood of Winnipeg. Its assessed value is $343,000.

The property’s standout feature is its age. It ranks in the top 5% on its street for year built, meaning it’s among the older homes in the immediate area. The lot size is around average for the street and neighbourhood, while the living area runs slightly below citywide averages for comparable homes. The assessed value sits near the middle of the pack both locally and citywide—not a standout, but not lagging either.

The appeal here is straightforward: you get a home with modest square footage on a reasonably sized lot in an established neighbourhood, built at a time when construction quality was often solid. It’s not a fixer-upper’s dream or a luxury renovation candidate—it’s a practical, likely well-maintained older home that offers decent value without paying a premium for trendiness or size.

This property would suit a buyer who values age and stability over square footage. That might be a first-time homeowner looking for an affordable entry into a mature neighbourhood, or someone downsizing who wants a manageable home with character rather than a newer, smaller condo. It could also appeal to buyers who plan to renovate selectively—the lot size leaves room for additions, and the home’s age means it may not have been subject to recent over-improvements that inflate asking prices elsewhere.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
On this street, your home’s 1,027 sqft is below the street average of 1,095 sqft. Within Windsor Park, it’s around average (neighbourhood average is 1,091 sqft). Citywide, it falls below the comparable home average of 1,342 sqft. So you’re getting a slightly smaller floor plan than many newer or larger homes in the city, but it’s consistent with what’s common in the immediate area.

2. Is the assessed value fair for what you get?
The $343,000 assessed value is roughly average on this street (average $351,000), average in Windsor Park (average $354,200), and below the citywide average of $390,100 for comparable homes. Given the slightly smaller living area and the older construction, this lines up well—you’re not overpaying for the home’s size or age.

3. What’s the lot like—is it big enough for a garden or expansion?
At 5,776 sqft, the lot is near the street average of 5,972 sqft and slightly below the neighbourhood and city averages (both around 6,000–6,500 sqft). It’s a standard suburban size—plenty of room for a garden, a patio, or a small addition, but not oversized. You wouldn’t call it generous, but it’s functional for most families.

4. Why does the year built matter so much for this property?
Year built is not always a key selling point, but here it is. The home is from 1963, which puts it in the top 5% oldest on its street—meaning most nearby homes were built later. Older homes in established areas like Windsor Park often have better bones (thicker walls, mature trees, solid foundations) than newer builds. It also means you’re buying into a neighbourhood that’s been stable for decades, not a brand-new subdivision with unknowns.

5. Is this a good investment or just a starter home?
It depends on your goals. If you’re looking to flip or maximize appreciation quickly, the smaller floor plan and average lot might limit upside. But for a long-term hold or a personal residence, the combination of solid age, average value, and an established neighbourhood often means steady, predictable growth. It’s not a high-risk play—it’s a reliable, middle-of-the-road property that will likely hold its value without wild swings.