Here is a clean, standalone summary of the property at 40 Argonne Bay.

Key Characteristics & Buyer Profile

This 1956 bungalow in Windsor Park offers 776 sq. ft. of living space on a 4,994 sq. ft. lot. Its standout feature is its age: it is the oldest home on the street (ranked #1 out of 39). This gives it a level of character and established construction that is rare in the immediate area.

Where the property really appeals is in its entry-level pricing. The assessed value of $294k is significantly below both the street and neighborhood averages, placing it in the lower tiers citywide. The trade-off is clear: the living space and lot size are also below the local averages. This isn’t a home that competes on square footage or yard size; it competes on affordability and the potential of its vintage.

This property would suit a buyer who is looking for a low barrier to entry in a mature, central Winnipeg neighbourhood. It is ideal for someone who is willing to see past smaller rooms or a compact layout, and who values a solid, older structure over a move-in-ready, modernized space. It’s a good candidate for a first-time buyer with some renovation ambition or a downsizer who wants a modest, single-storey home without paying a premium for finishings.

Five Common FAQs

1. What does “ranked #1 out of 39 on the street for year built” actually mean in practice?
It means this is the earliest-built home on Argonne Bay. Homes from 1956 in this area often have characteristics like old-growth lumber framing, a full concrete basement, and simpler rooflines. While this suggests the structure is solid, expect systems (mechanicals, windows, insulation) to be original or require updating. You’re buying into a street of newer neighbours, which can be a positive for resale as the immediate area improves around you.

2. How much work should I expect if I buy this, given the low assessed value?
Assessed value reflects market conditions and comparable sales, not condition, but a price this far below the local average often implies the home has not been extensively updated. Budget for a thorough home inspection, and plan for potential major expenses like a roof, furnace, or electrical panel. It’s less likely to be a “turnkey” purchase and more likely a project, even if a light one.

3. Is the small lot size a dealbreaker for this neighbourhood?
The 4,994 sq. ft. lot is below the street average of 5,497 sq. ft., and well below the citywide average. In an established neighbourhood like Windsor Park, this is fairly typical for the era. If you want a large, private yard or space for a garage addition, you will feel the constraint. If you want a low-maintenance yard that is still usable for gardening or a patio, it’s likely sufficient.

4. Why is the living area rank so much lower than the age rank?
It’s a classic trade-off. The home is distinguished by its early build date, while its 776 sq. ft. is on the small side for the street and neighbourhood. This combination is common for post-war starter homes that were built to a basic, affordable standard. The small floor plan is the main reason for the affordable price, and it is the primary constraint for any buyer.

5. How does the assessed value compare to typical sale prices in Windsor Park?
The assessed value of $294k is a baseline used for property tax calculation, not a guaranteed sale price. Given that it ranks low for value on the street (37 out of 39), the home is priced to reflect its age and smaller size. You should expect the sale price to land close to this range, but a home in better condition or with recent updates could sell for more than the assessment. Always use the assessment as a starting point, not a final figure.