10 Durham Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,087-square-foot home built in 1960 on a 6,598-square-foot lot in Windsor Park, Winnipeg. What stands out here isn't the house itself but the land. The lot is well above average for the neighbourhood (top 18%) and citywide (top 21%), which gives it real potential for someone looking to expand, redevelop, or simply enjoy more outdoor space than most nearby properties offer. The assessed value sits at $350,000—below the street average of $372,500 and the citywide average of $390,100—which reflects the relatively modest living area and the home's age.
The appeal of this property is subtle. It’s not a showpiece. The house itself is around average for its street and neighbourhood, but the land is the real asset. Buyers who might be interested include:
- Someone looking for a solid one-storey starter home on a generous lot, with room to add a garage, workshop, or garden.
- A buyer open to renovation, since the 1960 build date means the mechanicals and finishes may need updating, but the bones are likely straightforward.
- An investor or homeowner thinking long-term: land in a well-ranked neighbourhood with above-average lot size tends to hold value better than the structure itself.
The location is functional rather than flashy—middle-of-the-pack for the city, with typical amenities nearby. This property won't suit someone looking for a turnkey move-in with modern finishes, but for a buyer who prioritises space and potential over polish, it's worth a closer look.
Five Possible FAQs
1. Why is the assessed value below the street average when the lot is above average?
Assessed value weighs both the land and the structure. Here, the house is older (1960) and relatively small (1,087 sqft), which pulls the total down compared to neighbours who may have larger or updated homes. The lot size helps, but it doesn't fully offset the age and size of the dwelling.
2. How does this property compare to others currently for sale in Windsor Park?
Without current listing data, it's hard to say exactly, but based on the rankings, this home sits in the middle tier for the neighbourhood. The lot size is a notable advantage—only about 18% of comparable homes have more land. That could make it stand out among similar-priced listings.
3. What does "Taon ng Paggawa" mean, and why is 1960 listed as above average for the street?
"Taon ng Paggawa" is Tagalog for "year built." On Durham Bay, most homes were built around 1960 as well, so being ranked 5th out of 40 means a few are newer, but the street is generally consistent. It's not a sign that this home is unusually old—it's typical for the area.
4. Should the "Around Average" and "Below Average" rankings be a concern?
Not necessarily. Ranked "Below Average" for street-level assessed value means you're getting into the neighbourhood for less than many neighbours paid—or less than what their homes are currently valued at. For a buyer, that can be a good thing if they're comfortable with some updates. The house itself is average, not run-down.
5. What's the potential for adding value here?
The lot is your main lever. Adding square footage (a rear addition, a basement development, or even a garage) could boost the property's assessed value more than cosmetic updates alone. The home's age suggests systems like the furnace, roof, and windows may be original or nearing end-of-life—replacing those would improve efficiency and resale appeal, though the ROI depends on how long you plan to hold the property.