49 Westmount Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,040 sqft home built in 1962 on a 5,181 sqft lot in Winnipeg’s Windsor Park neighbourhood. Assessed value sits at $357,000.

What stands out: The year built is notably older than many homes in the city—this property ranks in the top 20% on its street for age, meaning it’s among the earlier-built houses in the area. For someone who values character, established construction, or a street with mature trees and older homes, that’s a meaningful detail. The land area, however, is well below average for the street and neighbourhood. At 5,181 sqft, it ranks near the bottom locally (98th percentile). That’s an honest trade-off: you get less yard than typical in this area, but the interior size is closer to the middle of the pack.

The assessed value is essentially average across all three scopes—street, neighbourhood, and city. No obvious bargain or premium here. The living area is slightly below typical for the city but sits near the neighbourhood norm.

Who it suits: A buyer who prioritizes a smaller, manageable lot and isn’t looking for a sprawling yard. Someone who appreciates a home from the early 1960s in a well-established neighbourhood, rather than a newer subdivision. It could also work for a first-time buyer or someone downsizing who wants to stay in Windsor Park without paying for more land than they need.

Five Frequently Asked Questions

1. How does the land size compare to other homes in Windsor Park?

It’s noticeably smaller. On Westmount Bay itself, only two homes have smaller lots. In the broader neighbourhood, this property sits in the bottom 13% for land area. If you’re used to a typical Winnipeg lot of around 6,000 sqft, this one will feel compact.

2. Is the assessed value aligned with the home’s condition?

The assessment is based on market data for comparable homes, not a condition inspection. At $357,000, it’s within a few percent of the neighbourhood average. That suggests the market sees it as fairly priced for its size and age, but a home inspection would reveal whether the actual condition matches that assumption.

3. Why is the year built a selling point here?

Homes from 1962 in this street and neighbourhood rank well above average in age. That often means better construction methods (old-growth lumber, solid foundations, less engineered materials) compared to newer builds. It also means the home has likely been through multiple owners, so updates and maintenance history matter more than the year alone.

4. How does the living area affect everyday use?

At 1,040 sqft, this is a compact home by city standards—about 300 sqft smaller than the typical Winnipeg comparable home. That’s enough for a couple or small family, but rooms will feel modest. Open-concept layouts are rare in this era, so expect defined rooms rather than a large combined living-dining-kitchen space.

5. What should I look for when viewing?

Given the small lot, check how the outdoor space is used—driveway, garden, patio, storage. With the home’s age, pay attention to the mechanical systems (furnace, wiring, plumbing), window updates, and whether the foundation shows any settling. A 1962 home that hasn’t been updated could have hidden costs, but one that’s been well-maintained offers solid value in a mature neighbourhood.