51 Westmount Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,040 sqft home on a 5,928 sqft lot, built in 1962, with an assessed value of $356,000. The numbers place it squarely in the middle of the pack across every metric. On its own street, it ranks near the median for living area, land size, and value. The standout feature is the year built: it’s older than most homes in the city (top 20% on its street, top 26% in the neighbourhood), which often means more established construction, mature trees, and a layout that predates the open-concept trend.

The appeal here is not about being exceptional in any single category. It’s about balance. The living area is slightly below the citywide average, but the lot is above average for the area and solidly within the top third citywide. That combination—modest house, generous yard—tends to attract buyers who value outdoor space over square footage. The assessed value is within a few thousand dollars of the neighbourhood average, which suggests the price is grounded in local comparables, not inflated by a bidding war.

This property would suit a buyer who wants a foothold in Windsor Park without overpaying for a premium. It might be a good fit for someone planning a renovation, since the lot offers room to expand or redevelop, but the house itself is liveable as-is. It’s less suited to someone looking for a turnkey property with modern finishes, or a buyer who prioritizes a large interior over a sizeable yard.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the neighbourhood?
It’s slightly above the Windsor Park average of $354,200, landing at $356,000. That puts it in the top 49% of the area, so it’s not a bargain relative to neighbours, but it’s also not overpriced. Citywide, it sits below the average of $390,100, which partly reflects the smaller living area.

2. What does the ranking data actually tell me about this property’s condition or quality?
The rankings compare only the four raw metrics—living area, land area, year built, and assessed value. They don’t account for renovations, interior condition, or curb appeal. A house ranked highly for year built might have original finishes; a lower-ranked land area could still be a deep, private lot. Use these numbers as a starting point, not a final judgment.

3. Is this a good candidate for adding square footage or a secondary suite?
The lot is 5,928 sqft, which is slightly below the street average of 6,071 but larger than over half the homes citywide. In Windsor Park, zoning and setbacks will determine what’s possible, but the lot size alone doesn’t rule out an addition. A zoning check and a survey would be the next step.

4. How does the 1962 build year affect things like insulation, windows, and wiring?
Homes from this era typically have single-pane windows, lower R-value insulation in the attic and walls, and older electrical panels (often 60-100 amps). They can also have lead paint or asbestos in floor tiles or pipe insulation. These aren’t dealbreakers, but a home inspection should flag them. The trade-off is that 1960s construction in Winnipeg is generally solid—good foundations, brick or stucco exteriors, and fewer of the structural shortcuts seen in the 1970s and 80s.

5. What does "Top 34%" for land area citywide mean in practical terms?
It means this lot is larger than roughly two-thirds of homes across Winnipeg. That’s a relatively strong position, especially given that the living area is only in the top 68%. If yard space matters to you—for gardening, storage, kids, or a future garage—this is where the property punches above its weight. Don’t overlook it just because the house itself is compact.