41 Buttonwood Bay – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1,084 sqft home, built in 1956, sits on a 5,500 sqft lot in the Windsor Park area. The property’s standout feature is its age relative to the street—it ranks in the top 19% for year built on Buttonwood Bay, meaning it’s one of the older, more established homes in the immediate area. That said, it’s newer than many homes in the wider neighbourhood and city, where average build years are 1961 and 1966 respectively. If you value a street with a settled, consistent character, this fits.

The assessed value of $320,000 sits below both the street and neighbourhood averages ($347,900 and $354,200), ranking in the bottom tier locally (top 84% and 85%). This could reflect a property that hasn’t been extensively updated or a lot that’s on the smaller side—the land area is also below the neighbourhood average (5,958 sqft) and ranks in the bottom third on the street.

The appeal here is subtle. It’s not a standout in size or value, but it’s solidly average in most metrics, with a slight edge in being an older home on a street where that’s the norm. This property would suit a buyer who values a consistent, established street over newer construction, who is comfortable with a home that may need some updating (given the below-average value), and who doesn’t require a large lot. It’s a practical entry point for someone looking into Windsor Park without paying a premium for recent builds.

Five Frequently Asked Questions

1. How does this home compare to others on Buttonwood Bay?
It’s about average in living area (slightly above the street average of 1,078 sqft) and land area (close to the street average of 5,958 sqft). It’s older than most on the street (top 19% for year built) and has a below-average assessed value ($320,000 vs. $347,900). So you’d be buying one of the more modestly valued, older homes on a street with slightly larger, more valuable properties.

2. Is the living area small or large for a home of this era?
At 1,084 sqft, it’s right around the average for a 1950s bungalow in Winnipeg. It’s slightly smaller than the citywide average for comparable homes (1,342 sqft), but this is typical for an older, more modest home. It’s not unusually small—it’s a functional, mid-sized living space.

3. Is a below-average assessed value a red flag?
Not necessarily. It often indicates the home hasn’t had major renovations, or that the lot is smaller than neighbours’. The assessed value is based on market conditions and property characteristics, not condition. If you’re planning to update the home, the lower value could mean a lower purchase price, leaving room for improvements that could increase equity.

4. How does the lot size compare, and is it a limitation?
The 5,500 sqft lot is smaller than the neighbourhood average (6,030 sqft) and the citywide average (6,570 sqft). It ranks in the bottom third on the street and in the neighbourhood. For most standard single-family uses, this is still a functional lot—it’s just not oversized. If you want a large yard or room for extensive landscaping, you may want to look elsewhere.

5. What part of the city is Windsor Park, and what’s the general feel there?
Windsor Park is a well-established, largely residential neighbourhood in Winnipeg’s southeast, built primarily in the 1950s and 1960s. It’s known for its quiet, tree-lined streets, post-war bungalows, and proximity to the Seine River and parks. It’s not a trendy or newly developed area, but it has strong bones and a stable, family-oriented character. Buttonwood Bay itself is a small street, which adds to the privacy and low traffic feel.