43 Greenwich Bay – Property Summary

Key Characteristics & Buyer Profile

This is a home where the value sits firmly in the house itself, not the land. At 1,040 square feet, the living area is slightly below the street and city averages, but the assessed value tells a different story: $395,000 ranks in the top 18% on Greenwich Bay and top 11% in the Windsor Park neighbourhood. That gap between size and valuation suggests a property that has been well-maintained or thoughtfully updated—the kind of home where finishes, layout, or mechanical upgrades have boosted its worth beyond what square footage alone would predict.

The land is unusually small for the street—just 5,251 square feet, ranking 38th out of 40 homes on Greenwich Bay. This isn't a property for someone looking for a large yard, gardening space, or room to add a garage or suite. But for a buyer who prioritizes location and a finished, move-in-ready interior over outdoor space, the trade-off makes sense. The year built (1962) is slightly older than the citywide average but consistent with the street and neighbourhood, so this is a solid, mid-century area with established character—not a new subdivision.

Best suited for: a first-time buyer, a downsizer, or someone who values being in Windsor Park with strong resale potential and doesn't need a big lot. The land constraint also means lower outdoor maintenance, which appeals to those who travel or prefer a lock-and-leave lifestyle.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The home is assessed at $395,000—above both the street average ($368,200) and the neighbourhood average ($354,200). It sits in the top 11% of Windsor Park, which means it's a higher-value property in its immediate area, though it's still in line with citywide medians.

2. Why is the land area so small for the street?
At 5,251 square feet, this lot is smaller than 95% of homes on Greenwich Bay. This is common in older, established neighbourhoods where some lots were subdivided or built on differently. It's not a red flag, but it does limit expansion potential and outdoor use.

3. Is this a good investment property?
The combination of below-average land and above-average assessed value can work well for resale if the interior remains in good shape. However, the small lot may limit upside from land appreciation. It's better suited for someone living in it than for a pure land-banking play.

4. How does the living space feel for a couple or small family?
At 1,040 square feet, it's below the city average for comparable homes (1,342 sqft). That's typical for a 1960s bungalow or side-split. It works well for one or two people, or a small family if the layout is efficient. Anyone needing a home office or extra bedroom should check the floor plan carefully.

5. What does "Top 80%" for living area actually mean?
It means this home is smaller than 80% of the other homes on the same street. The ranking system uses "top" to show how many peers you outperform, so "top 80%" here indicates it ranks near the bottom for size on Greenwich Bay. It's a less desirable position for living area, but again, the value ranking offsets that.