4 Durham Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1960-built home with 1,132 square feet of living space on a 6,598-square-foot lot, assessed at $363,000. The property sits in the Windsor Park neighbourhood of Winnipeg.

What stands out: The land is the strongest feature. The lot is larger than 79% of properties citywide and ranks in the top 18% within the neighbourhood—notable in an area where lot sizes average around 6,030 square feet. The house itself is solidly mid-range: living area is slightly below the city average of 1,342 square feet but above average for Windsor Park. The assessed value falls close to both street and neighbourhood medians, suggesting no major overvaluation or undervaluation relative to what’s around it.

The 1960 build year puts it among the older homes on its street (top 13% by age), but it’s consistent with much of Windsor Park. A home of this vintage may appeal to buyers who want a house that’s already settled and established—fewer unknowns about foundation or neighbourhood character than with a newer development—but they should expect the usual maintenance considerations that come with a home over 60 years old.

Who it suits: Buyers who prioritize outdoor space over interior square footage. The large lot is a genuine differentiator, especially for anyone wanting room for a garden, a workshop, or future expansion. It would also suit someone who wants to be in a mid-century neighbourhood with mature trees and an established street grid, rather than a new subdivision. First-time buyers with some renovation appetite or practical homeowners who appreciate that the price point is moderate for a well-located lot in Winnipeg could find it a sensible entry.

Five Frequently Asked Questions

1. Is the assessed value of $363,000 realistic for what you get?
The assessment sits near the middle of the pack on its street and a tick above the neighbourhood average of $354,200. Given that the land is larger than most comparable homes, the valuation looks balanced—you’re paying a modest premium for a bigger lot without the house itself being overpriced relative to neighbours.

2. How does the living area compare to other homes in the area?
At 1,132 square feet, it’s about average for Durham Bay (the street median is 1,182) and slightly above the Windsor Park average of 1,091. Citywide, it ranks near the middle. It’s not a spacious home, but it’s not small by local standards—more of a compact, efficient layout typical of the era.

3. What should I know about a 1960-built home?
Sixty-year-old homes often have good bones but can need updated insulation, windows, or mechanicals. The advantage is they’re usually built with materials that have proven durable (old-growth lumber, plaster, brick). Buyers should budget for a thorough inspection of the roof, foundation, and electrical system. The flip side: the neighbourhood is well-established, so you’re buying into a known character rather than guessing how a new area will age.

4. How does the lot size affect usability or future value?
A 6,598-square-foot lot puts you in the top quarter of properties citywide. That’s a meaningful advantage if you want space for outdoor living, parking, or a future addition. In older neighbourhoods like Windsor Park, larger lots tend to hold value well because they’re harder to find. Just be aware that maintenance—lawn care, snow clearing, fencing—scales with the land.

5. Is this property a good investment compared to newer homes in Winnipeg?
It depends on your goals. The assessed value is stable and aligned with the area, so you’re not overpaying for hype. The land component offers more upside potential than the house itself. For someone willing to update the interior over time, the entry cost is reasonable for a lot size that would be expensive to replicate in a newer development. That said, this is a home for the long term—flipping it quickly would likely see modest returns.