33 Bibeau Bay – Property Summary
Key Characteristics & Appeal
This is a 927-square-foot bungalow built in 1961, set on a 5,794-square-foot lot in Winnipeg’s Windsor Park neighbourhood. While its living area is below average compared to similar homes on the street, in the neighbourhood, and citywide, its assessed value is around the city average—suggesting the property’s worth is anchored more by its lot and location than by its square footage. The lot itself is also near the average size for the area, neither unusually large nor small.
The appeal here is less about a spacious interior and more about solid bones on a functional lot in an established, mid-century neighbourhood. The home was built earlier than many of its citywide peers (1961 versus a 1966 average), which may appeal to buyers looking for the craftsmanship or character of that era—though it could also mean older systems or materials to update. The street-level ranking for lot size (top 32%) and age (top 12%) are the standout stats; this is a property where the land and the structure’s vintage are likely the strongest selling points.
This property would suit buyers who prioritize a manageable, modest-sized home in a mature neighbourhood, and who see potential in updating or personalizing a postwar bungalow. It may be less ideal for someone needing maximum square footage or a move-in-ready, modern interior. First-time buyers, downsizers, or investors looking for a solid entry into Winnipeg’s market could find it a grounded option.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
The home is 927 square feet, which is below the street average of 1,081 sqft and the neighbourhood average of 1,091 sqft. It ranks in the top 89% on the street for size, meaning most homes on Bibeau Bay are larger.
2. Is the assessed value considered a good deal?
The assessed value of $334k is below the street and neighbourhood averages but close to the citywide median for comparable homes. It ranks around average for Winnipeg overall, which suggests the price is in line with the market for a home of this age and size in this area.
3. What’s the lot like? Is it suitable for additions or a garden?
The lot is 5,794 sqft, which is typical for the neighbourhood. It’s not oversized, but it’s also not small—there’s room for a decent yard, garden, or possible future garage or shed, depending on zoning. The lot size ranks in the top 32% on the street, so it’s on the larger side relative to immediate neighbours.
4. Why is the year built (1961) highlighted as a positive?
On the street level, the home is older than many nearby, ranking in the top 12% for early construction. This can appeal to buyers who prefer mid-century design, mature trees, and established neighbourhoods. That said, older homes may require more maintenance, and the systems (furnace, roof, windows) could be original or near the end of their lifespan.
5. Would this property be a good investment?
The numbers suggest it’s priced around the city average for its type, with a lot size that’s competitive for the street. Older bungalows in Windsor Park often hold value due to location and lot size, not interior square footage. For an investor or flipper, the potential lies in updating the interior to bring the living area up to modern expectations—but the current modest size could limit resale value compared to renovated neighbours.