74 Bibeau Bay, Winnipeg

Key Characteristics & Buyer Profile

This is a 903-square-foot bungalow built in 1960 on a 5,768-square-foot lot in Windsor Park. It's a smaller home by both street and neighbourhood standards—ranking in the bottom 1% for living area on Bibeau Bay—but its assessed value of $334,000 holds reasonably well relative to the street average of $356,600. The lot size is average for the area, landing in the 66th percentile on the street and 38th citywide.

Its appeal is less about size and more about entry-level affordability in an established neighbourhood. Buyers here get a mid-century build with typical mature lot characteristics (bigger yards, established trees) at a price point below the Windsor Park average. It's the kind of property where you're paying for location and land, not square footage—useful for someone who values outdoor space over interior room, or who sees potential to add value through renovation or eventual expansion. The year built (1960) is consistent with the rest of the street, so you're not dealing with an outlier in terms of construction era or neighbourhood character.

This would suit first-time buyers who need a foothold in a stable area, downsizers who want a manageable floor plan with a decent yard, or investors looking for a rental property in a middle-market neighbourhood. It won't appeal to anyone needing a large open-plan layout or a newer home with minimal maintenance.

Frequently Asked Questions

1. Is this a good deal compared to other homes on the street?
The assessed value is about 6% below the street average, but the living area is 16% smaller. You're not getting a bargain on space—the discount reflects the smaller footprint. What you are getting is the same lot size as many neighbours, which matters more for long-term appreciation in an area like Windsor Park.

2. Why does the living area rank so low but the assessed value doesn't drop as much?
Because land value makes up a significant portion of a property's worth in mature neighbourhoods. The lot is average-sized, so even though the house is small, the underlying land holds value relative to the street. This is typical for older homes on decent lots in established parts of Winnipeg.

3. What are the typical maintenance concerns for a 1960-built home?
You should budget for updates to mechanical systems (furnace, electrical, plumbing) and windows if not already done. Foundation and roof condition depend on previous owners. That said, 1960 was a solid construction period for Winnipeg—many homes from that era have good bones, but expect original finishes and lower energy efficiency unless upgraded.

4. How does the property compare to the rest of Windsor Park?
It's at the smaller end for both living area and assessed value in the neighbourhood. Windsor Park averages 1,091 square feet and $354,200 in assessed value. This property is about 17% smaller and 6% lower in value, which is roughly proportional. The lot is also slightly smaller than the neighbourhood average (5,768 vs. 6,030 sq ft).

5. Is the neighbourhood analysis tool worth looking at?
Yes, particularly if you want to see how the house sits among immediate neighbours. The rankings give you a broad sense, but the map view shows actual lot sizes, year built, and assessed values for nearby homes, which helps ground the numbers in something you can visualize.