45 Buttonwood Bay – Property Summary

Key Characteristics & Buyer Profile

This 1,249 sqft bungalow built in 1956 sits on a 5,997 sqft lot in Windsor Park. Its standout feature is space: the living area ranks in the top 11% on its street and top 14% in the neighbourhood, notably above the local average of 1,078 sqft. The assessed value of $364,000 is slightly above the street average but sits very close to the neighbourhood and city medians, meaning you're getting more square footage without a proportional price premium. The land is also on the larger side for the street (top 27%), though it's average for the wider area.

The appeal here is less about curb appeal or modern updates and more about solid, unflashy value. The year built (1956) is older than most homes in the neighbourhood and city—this property is from an era when lots were generous and floor plans were straightforward. For a buyer who values square footage and a decent-sized lot over a renovated interior or a newer build, this represents a practical entry point. It would suit someone looking for a home with good bones in an established area, possibly with plans to update over time. It's less suited to someone who wants move-in-ready finishes or a trendy, walkable location.

Frequently Asked Questions

1. Is the assessed value of $364k a fair asking price, or is there room to negotiate?
The property sits above the street average ($347.9k) but very close to the neighbourhood median ($354.2k) and well below the citywide average for comparable homes ($390.1k). The premium on this street is modest and appears linked to the larger-than-average living area rather than any other factor. There’s no obvious red flag in the data, but if the house needs significant updates, that—not the assessed value—would be your main leverage.

2. How does this home compare to others nearby in terms of age and condition?
Built in 1956, it's actually typical for its street (average year is also 1956) but older than the neighbourhood and city averages (1961 and 1966, respectively). That means many homes around it were built in the same decade, so you're not buying an outlier. The condition isn't provided, but its age suggests original or early-generation mechanicals, windows, and roofing are likely candidates for replacement if not already done.

3. Is the lot size a major selling point?
At 5,997 sqft, it's slightly above the street average (5,958 sqft) but sits just below the neighbourhood average (6,030 sqft). It's a good size for a 1950s lot—not unusually deep or wide, but generous enough for a garden, a small shop, or future expansion. It's not a premium lot by city standards (top 32%), but it's consistent with the character of the area.

4. What does "top 11% on the street" for living area actually mean in practice?
It means only three other homes on Buttonwood Bay have more interior square footage. This is the property's strongest metric. For a buyer who needs space—whether for a growing family, a home office, or simply prefers rooms that don't feel cramped—this is the main reason to look at this house rather than a smaller, newer alternative nearby.

5. Is Windsor Park generally considered a stable or up-and-coming neighbourhood?
The data shows a neighbourhood with homes averaging 1960s construction and assessed values close to city medians. It's not a rapidly appreciating area, nor is it a distressed one. The appeal is stability: established streets, good-sized lots, and no wild swings in valuation. For a buyer looking for a solid, middle-market property in a predictable area, this fits. For someone expecting quick equity gains, it's probably not that.