12 Westmount Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,025 sqft home built in 1961 on a 5,774 sqft lot, located in the Windsor Park neighbourhood of Winnipeg. Its assessed value is $309,000.
The property’s main appeal lies in its affordability relative to the surrounding area. It sits well below the street-level average assessed value ($363,400), ranking 91st out of 92 homes on Westmount Bay. For a buyer looking to get into a stable, older neighbourhood without paying a premium, this represents a clear value play. The land is slightly undersized compared to the street average (5,774 vs. 6,071 sqft), but still offers a decent yard by city standards.
Where it falls short is living space. At 1,025 sqft, it’s below the typical home on the street, in the neighbourhood, and across Winnipeg. This is not a home for someone needing generous square footage or open-concept entertaining space in its current form. It would suit a first-time buyer, a budget-conscious downsizer, or someone willing to take on modest renovations to maximize the existing footprint. The 1961 build suggests solid construction but likely original or dated systems (windows, mechanicals, finishes), which a hands-on owner could address over time.
What’s less obvious: the home’s ranking on the street and in the neighbourhood is worse than its citywide position for assessed value. That suggests the block itself has higher-value homes, making this a potential “worst house on a good street” scenario—a classic setup for longer-term appreciation if you’re willing to improve the property. Conversely, if values on Westmount Bay are being driven up by a few large or renovated homes, this one may lag unless upgraded.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
It’s below average. On Westmount Bay, the typical home is about 1,138 sqft, and across Windsor Park the average is 1,091 sqft. This property is 1,025 sqft, so you’re giving up roughly 100–110 sqft compared to the median home in the immediate area.
2. Is the assessed value a good indicator of market price?
Assessed value is a lagging indicator, not a direct market price. At $309,000, it ranks near the bottom on the street (91 out of 92 homes). That gap—about $54,000 below the street average—suggests it’s priced for condition or size deficiencies. A buyer should still compare recent sales, not rely on assessment alone.
3. What’s the lot like, and is it a typical size for the area?
The lot is 5,774 sqft. That’s slightly below the street average (6,071 sqft) and neighbourhood average (6,030 sqft), but fairly typical for older Winnipeg infill lots. It’s not unusually small, but you won’t get a double garage and a deep backyard without sacrificing something.
4. How old is the house, and what should I expect with a 1961 build?
The home was built in 1961, which is around average for the street and neighbourhood. Expect original construction methods: plaster or drywall over studs, likely galvanized or copper plumbing (check for condition), and possibly updated electrical depending on previous owners. Roof, furnace, windows, and foundation are the big items to verify before purchase.
5. Who is this house not for?
It’s probably not right for someone who wants a large, move-in-ready home with modern finishes, or for a family that needs over 1,200 sqft of finished living space. It also wouldn’t suit a buyer looking for a premium lot or a home that immediately stands out on the street. It’s a practical, entry-level property in a decent area, not a showcase.