Key Characteristics & Buyer Profile

This 948 sqft home on Durham Bay offers a compact footprint with a notably large lot. The property is older—built in 1960—but sits on a 6,301 sqft lot that ranks in the top 25% citywide. The living area is on the smaller side for the neighbourhood and the street, ranking near the bottom compared to nearby homes. However, the assessed value is higher than average for both the street and the local community, suggesting the land or location carries weight in the market.

The appeal here is land, not square footage. Buyers who value outdoor space, gardening, or potential for future expansion may find this more interesting than those looking for a move-in-ready, spacious interior. It suits someone comfortable with an older, smaller home who sees the lot as the primary asset. It could also work for a buyer interested in a property that sits slightly below the neighbourhood average for size but above it for assessed value—an uncommon combination that may signal underlying value in the land or location rather than the structure itself.

Five Possible FAQs

1. How does the living space compare to other homes in the area?
The living area is small relative to the street and the broader community. On a street of 40 homes, this one ranks 39th for size. Within the Windsor Park neighbourhood, it's in the bottom 21% for living area. The average home nearby is about 1,182 sqft on this street and 1,091 sqft in the community—both larger than this home’s 948 sqft.

2. Is the assessed value higher or lower than expected for a home this size?
Higher than you might expect given the square footage. The assessed value of $395,000 ranks 9th out of 40 homes on the street (top 23%) and in the top 11% across the neighbourhood. That’s unusual for a home with below-average living space and suggests the land value or location is driving the assessment.

3. How big is the lot, and is that a selling point?
The lot is 6,301 sqft—below the street average but above the neighbourhood and city averages. Citywide, it ranks in the top 25% for lot size. In a neighbourhood where homes sit on lots averaging about 6,030 sqft, this one offers slightly more room, which is likely a key factor in its higher assessed value.

4. What’s the age of the house, and how does it compare?
Built in 1960, it’s one of the older homes on the street—ranking 5th oldest out of 40. That’s in line with the street average, but newer than many homes citywide (the Winnipeg average build year is 1966). Age may be a consideration for maintenance and updates.

5. Who would this property be a better fit for: a first-time buyer or someone looking to renovate?
It depends on priorities. A first-time buyer on a tighter budget might appreciate the lower cost associated with a smaller home, but should be prepared for an older property that may need work. A renovation-focused buyer would likely see the land size and assessed value as signs of potential, especially if they plan to expand or rebuild. It’s less suited to someone seeking modern finishes or a large interior right away.