9 Echo Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,100-square-foot home built in 1956 on a 5,996-square-foot lot in Windsor Park, Winnipeg. The property is priced below the street average, with an assessed value of $335,000. Compared to the 40 homes on Echo Bay, this ranks near the bottom for value (38 out of 40) and slightly above average for lot size. The house itself is one of the older homes on the street—built in the same year as most nearby, but older than the neighbourhood and city averages.

The main appeal here is the lot and the potential it offers. At nearly 6,000 square feet, the lot is competitive within the neighbourhood and ranks in the top third citywide. For someone willing to update or rebuild, the land holds more value than the structure. The lower assessed value also means lower property taxes relative to neighbours.

This property would suit a buyer who is comfortable with an older home and sees value in the land rather than expecting a move-in-ready finish. It’s a reasonable fit for someone looking to get into the Windsor Park area at a below-market entry point, or for an investor or renovator who can work with a 1950s bungalow. It is less suitable for someone seeking a modern, updated home without additional work.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on the street?
The assessed value reflects both the home’s age and its living area. At 1,100 square feet, this is slightly smaller than the street average, and the home has not been updated in a way that would push its value closer to the neighbourhood median. The lot itself is average for the area, so the value is primarily in the land.

2. Is the house structurally sound for being built in 1956?
There’s no specific inspection data included here, but homes from the mid-1950s in Winnipeg often have solid foundations and good bones. That said, older homes may need updated electrical, plumbing, or insulation. A full inspection is recommended, especially to check for knob-and-tube wiring or lead pipes, which were common in that era.

3. How does the lot size compare to other properties in Windsor Park?
The lot is about average for the neighbourhood—ranked in the middle range. It’s slightly smaller than the citywide average but still in the top third of all lots in Winnipeg, which is a strong selling point. For Windsor Park, this size is typical and workable for a single-family home with a yard.

4. What are the property taxes likely to be?
Property taxes in Winnipeg are based on assessed value. With an assessment of $335,000, the taxes would be lower than the street average ($370,300) and the neighbourhood average ($354,200). You can estimate using the City of Winnipeg’s mill rate, but expect taxes to be noticeably below what neighbours pay for comparable homes.

5. Would this property work for a renovation or a full rebuild?
It depends on your goals. The lot is large enough for a rebuild within zoning rules, and the older structure could be stripped back if you want a clean start. For a renovation, the layout may be dated—1950s bungalows often have small rooms and limited closet space—but the basic footprint is straightforward. Check local bylaws before committing to major changes, especially regarding setbacks and lot coverage.