Key Characteristics & Ideal Buyer Profile

This is a 1,066 sqft single-family home built in 1956 on a 5,993 sqft lot, located at 54 Burning Bush Bay in Windsor Park. The property sits on a street where homes are slightly smaller on average (1,148 sqft), but within the broader community, its size is very much in line with the norm. The assessed value of $362,000 is also close to both the street and neighborhood averages, suggesting the home is priced consistently with its immediate surroundings.

The main appeal lies in its land. The lot is slightly below the street average but notably competitive citywide (ranking in the top third of Winnipeg properties for lot size). This gives a buyer room for expansion, gardening, or simply more outdoor space than many urban lots provide. The home itself is older than most in the neighborhood—built in 1956, which places it among the older homes on its street—so it may appeal to someone looking for a property with character or the potential to renovate and build equity.

This property would best suit a buyer who is comfortable with an older home and sees value in the land rather than expecting a move-in-ready, updated interior. It could work well for a first-time buyer looking for a solid footprint in a stable neighborhood, or for someone interested in a long-term project. It’s less suited for someone wanting a modern, low-maintenance property in a newer subdivision.

Five Possible FAQs

1. How does the property’s size compare to typical homes in Windsor Park?
   The home’s 1,066 sqft is close to the community average of around 1,091 sqft, so it doesn’t stand out as either especially large or small for the area. Its land, however, is slightly above the community average, which is a subtle but practical advantage.

2. Is the assessed value of $362,000 a fair reflection of the market?
   The assessed value is almost exactly in line with the street average and slightly above the Windsor Park average. This suggests the property is priced in a typical range for its location, though actual market value can vary depending on interior condition and recent sales.

3. Why is the home considered “older” for the neighborhood?
   Built in 1956, it’s older than the average home in Windsor Park (1961) and significantly older than the citywide average (1966). On its own street, though, it’s among the older homes but not an outlier—several houses date from the same era.

4. What does “top third citywide for land size” actually mean?
   It means the lot is larger than roughly two-thirds of all residential properties in Winnipeg. Even though it’s about average for its street and community, citywide it ranks as a relatively spacious piece of land, which can be valuable for redevelopment or outdoor use.

5. Could this be a good investment for a renovation?
   Possibly. The combination of a solid lot size, an older structure, and a price consistent with its street suggests there may be room to add value through updates. However, the home isn’t priced at a discount compared to neighbors, so potential gains would depend on the quality and scope of the renovation.