9 Gatineau Bay – Property Summary

1. Key Characteristics, Appeal, and Suitable Buyers

This 1,040 sqft home, built in 1963 on a 5,460 sqft lot, sits on Gatineau Bay in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the build year: it ranks in the top 5% on its street and top 19% in the neighbourhood, making it one of the older, more established homes in the area. The assessed value is $310k, which is below average for the street and neighbourhood, but roughly in line with citywide medians. The living area is slightly above average for its immediate street but below the broader city average.

The appeal here is less about flashy specs and more about value and stability. For a buyer, the lower assessed value relative to the street suggests potential for equity growth or a more affordable entry point into a higher-tier street. The older construction year may appeal to those looking for solid mid-century build quality, mature landscaping (typical of lots from that era), or a quieter, established pocket of the city where newer infills haven’t yet driven prices up.

This property would suit a buyer who prioritizes a good street ranking and a neighbourhood with above-average build quality over having the largest or most modern home. It’s a practical fit for someone willing to invest in updates over time, or who values a consistent, low-drama property in a settled area over a move-in-ready flipper. It’s less suited for someone needing maximum square footage or a lot size above the neighbourhood norm.

2. Possible FAQs

What does the “Top 5%” ranking for year built actually mean for this house?
It means that among the 38 comparable homes on Gatineau Bay, only one is older. This is an older home for the street, which often translates to a more established lot (trees, layout) and, in some cases, lower property taxes relative to newer builds. It doesn’t guarantee the condition is perfect—it just means it’s part of an earlier development wave in this pocket.

The assessed value is $310k, which is below the street average. Is that a red flag?
Not necessarily. Assessed value is a formula based on sales data, not a direct measure of condition. Being below the street average can sometimes mean the home hasn’t been renovated recently, or it may reflect a more modest interior. For a buyer, it could also mean the street has a higher ceiling for value gains if you do invest in updates. It’s worth comparing to recent actual sale prices in the area.

How does the lot size of 5,460 sqft compare to other properties nearby?
It’s around average for the street but below average for the wider Windsor Park neighbourhood and the city. This isn’t a sprawling lot, but it’s a standard size for an older urban subdivision. If you’re looking for a large yard for gardening or additions, this lot may feel tight; if you prefer lower maintenance, it’s a reasonable size.

The living area is 1,040 sqft—is that enough for a family?
It depends on the family size and layout. The figure is slightly above the street average but below the city average for comparable homes. It’s a comfortable size for a couple, a small family, or someone looking to downsize. For a larger family, you’d likely need to consider reconfigured floor plans or an addition, which the lot size may or may not accommodate.

Where can I see how this property compares to nearby homes in more detail?
The neighbourhood analysis page (linked at the bottom of the original listing) shows a map with nearby houses and lets you compare year built, living area, assessed value, and lot size side by side. That’s the best way to get a feel for how this property sits relative to its immediate neighbours, not just broad averages.