Key Characteristics & Buyer Profile

This property at 72 Bibeau Bay is a 1960-built home in Winnipeg’s Windsor Park neighborhood, with 1,046 sq ft of living space on a 5,768 sq ft lot. Its assessed value for tax purposes is $319,000. Across the board—size, lot, age, and assessed value—it lands very close to the averages for its street, neighborhood, and the city as a whole. The lot is slightly smaller than the median on its street, and the assessed value is notably below the street and neighborhood averages, which points to potential value from either a tax perspective or as a starting point for improvements.

The appeal here is stability and predictability, not flash. This is a solidly middle-of-the-road property in an established, built-out area. It would suit a buyer who wants a practical home without paying for premium location features or a fully updated interior at a higher price point. It’s a reasonable fit for a first-time buyer looking for a functional footprint in a mature neighborhood, or for someone who’s comfortable taking on updates over time and doesn’t need a showpiece. The listing data suggests it won’t compete on curb appeal or recent renovations with the top end of the street, but it also lacks the risk of an outlier property.

Five Possible FAQs

1. How does the assessed value affect my property taxes?
   The home’s assessed value of $319,000 is below the average for its own street ($357,000) and the surrounding area ($354,000). That means the property taxes are likely lower than those of many neighboring homes, which could be a real advantage for monthly carrying costs. Just remember that reassessments happen periodically, and a sale price above the assessed value could trigger an increase down the line.

2. Is the lot size a concern?
   At 5,768 sq ft, the lot is only slightly smaller than the average on the street and in the neighborhood. It’s not a tight lot by any means—it falls within the middle third of properties citywide. What matters more is the shape and layout, which you’ll see in person. For example, a narrower but deeper lot might limit certain additions, while a wide but shallow lot could still easily accommodate a garage or garden.

3. What does “near average” actually mean for the condition of the house?
   The data only covers age, size, lot, and assessed value—it doesn’t tell you about the roof, furnace, windows, or plumbing. A 1960 home that’s been well-maintained can be fantastic, while one that’s been neglected will need significant work. The “average” rankings suggest the house is typical for its era, but an inspection is the only way to know what’s been replaced or repaired.

4. Is Windsor Park a good neighborhood for resale?
   Windsor Park is an established, largely residential area. It’s not a trendy, up-and-coming district, so you shouldn’t expect rapid appreciation. What it does offer is consistent demand from buyers who want a solid home in a safe, convenient location. Resale will likely be steady rather than spectacular, which is a fine fit for anyone planning to stay put for several years.

5. How does this home compare to others currently for sale nearby?
   The data compares the property against all homes in the area, not just those on the market right now. That’s useful for understanding the baseline, but the current market might have a different mix. For an accurate picture of what you’re competing with today, check recent listings on the same street or the immediate few blocks—prices and finishes can vary a lot from house to house.