3 Northumbria Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,079 sqft home built in 1964 on a 5,501 sqft lot, with an assessed value of $363,000. The property sits in Windsor Park, Winnipeg.
Its appeal is rooted in balance, not standout extremes. The living area is slightly below the citywide average but competitive within the neighbourhood—ranking in the top 41% locally. The assessed value is close to the street average, suggesting fair pricing relative to immediate neighbours. The year built (1964) places it among the older homes in the neighbourhood (top 15%), which often appeals to buyers looking for established construction and mature landscaping rather than new builds. The lot size is below average both on the street and in the area, so outdoor space is modest but manageable.
This property would suit a buyer who values consistency over flash—someone who wants a solid, mid-century home in a stable neighbourhood without paying a premium for oversized square footage or land. It’s also a reasonable fit for first-time buyers or downsizers who don’t need a large yard but want a home that ranks well on value relative to nearby properties. The data suggests it’s not a fixer-upper or a showpiece; it’s a reliable, average-plus home in a sought-after area.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area (1,079 sqft) is slightly smaller than the street average of 1,180 sqft, ranking 26th out of 44 homes on Northumbria Bay. Within Windsor Park, it performs better—ranking in the top 41% of 3,307 comparable homes. Citywide, it’s around average.
2. Is the assessed value a good indicator of market price?
Assessed value ($363,000) is close to the street average ($366,100) and slightly above the neighbourhood average ($354,200). It ranks in the top 48% on the street and top 39% in Windsor Park, suggesting the home is valued competitively for its location, though citywide it’s below the median of $390,100. Assessed value isn’t a direct market price, but here it aligns well with local benchmarks.
3. Why is the lot size considered below average?
The lot is 5,501 sqft, which is smaller than both the street average (5,984 sqft) and neighbourhood average (6,030 sqft). It ranks 33rd out of 44 homes on the street (bottom 25%) and in the bottom 28% within the neighbourhood. Citywide, the lot is actually slightly above average (top 43%), reflecting that lots in Windsor Park tend to be larger than the city norm.
4. How old is the house, and is that a concern?
Built in 1964, it’s one of the older homes in Windsor Park—ranking in the top 15% for age among neighbourhood comparables. That doesn’t automatically mean problems; older homes often have solid framing and mature trees. However, buyers should check for updates to electrical, plumbing, and insulation, as these are typical areas of wear in homes of this era.
5. What type of buyer typically chooses a home like this?
Buyers who prioritize location and value over size or yard space. It’s well-suited to someone who wants a mid-century home in an established neighbourhood without paying a premium for a large lot. It could also work for buyers who plan to renovate gradually, since the baseline is solid but not over-improved.