62 Bibeau Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,037 sq ft home built in 1960, sitting on a 5,767 sq ft lot in Windsor Park. Its assessed value for tax purposes is $378,000.

Where this property stands out is in its assessed value relative to the immediate neighbourhood. On Bibeau Bay, it ranks in the top 18% for value — above the street average of $357,000. That suggests the home has held or gained value well compared to its direct neighbours. At the community level (Windsor Park), it also sits above average, in the top 22%. Citywide, it's more middle-of-the-pack, which is typical for a well-maintained older home in a stable inner-ring suburb.

The living space is close to average for both the street and the neighbourhood — nothing unusual there. The lot is slightly smaller than the street and community averages, though not dramatically so. The 1960 build date is typical for the area; it's not unusually old or newly renovated within this context.

Who it suits: Buyers who want a solid, modest home in a established neighbourhood with proven value stability. This isn't a flashy flip or a fixer-upper — it's more of a steady, no-surprises property. It would appeal to someone who prefers a smaller lot (less yard maintenance) and is comfortable with a 1960s-era home that likely needs updating but sits on a street where values are holding up well. First-time buyers or downsizers looking for a practical entry point in a decent location would be the most natural fit.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
It's above average. On Bibeau Bay, it ranks in the top 18%, and within Windsor Park, the top 22%. The street average is $357,000, and this property is assessed at $378,000 — about 6% higher.

2. Is the living space small for the area?
Not really. It's 1,037 sq ft, which is slightly below the street average of 1,081 sq ft, but close enough that it falls in the middle range. It won't feel cramped, but it's not oversized either.

3. What condition or updates should I expect from a 1960 home?
This listing doesn't specify renovations, but a home built in 1960 will likely have original mechanicals, windows, or finishes unless noted otherwise. You'd want to check for updates to plumbing, electrical, roofing, and insulation. The good news is that the property's strong assessed value relative to neighbours suggests it's been reasonably maintained.

4. Is the lot size a problem?
It's 5,767 sq ft — slightly below the street average of 5,951 sq ft. That means a bit less yard work, which some buyers prefer. It's not unusually small, and within Windsor Park it's actually close to the community average. For anyone not wanting a large garden, this could be a plus.

5. How does this property compare to others citywide?
It's roughly average across most metrics. Citywide, the living space is slightly below average (1,037 vs 1,342 sq ft), the lot is slightly below average (5,767 vs 6,570 sq ft), and the assessed value is slightly below average ($378,000 vs $390,000). It's a fairly typical property for an older, established Winnipeg neighbourhood, with the main strength being its strong relative value on its own street.