Here is a clean, standalone summary of the property at 33 Gatineau Bay.
What Makes This Property Stand Out
Key Characteristics and Appeal
This is a solid, well-established home built in 1963—a standout feature, as it ranks in the top 5% for age on its street. While the house itself offers 1,040 square feet of living space (slightly above the street average, but roughly in line with the wider neighbourhood and city), and the assessed value of $365,000 sits modestly above the local average, the lot tells a different story. At 5,491 square feet, the land is notably smaller than the neighbourhood and city averages.
The real appeal here is the balance between a timeless build year and a reasonable price of entry relative to the citywide median. Buyers aren’t paying a premium for a huge yard or maximal square footage; they are paying for a home with a proven vintage that has likely been part of a stable, older street (Gatineau Bay) for decades.
Ideal Buyer Profile
This property would suit buyers who value a well-aged, structurally sound home over a large lot or a recently renovated interior. It’s a strong fit for someone looking to be in a top-ranked street for build quality without paying for the largest house or yard. First-time buyers or investors looking for a property with good bones in a consistent neighbourhood will find the assessed value-to-build-year ratio compelling. It may also appeal to those who prefer the character and layout of a 1960s build over modern cookie-cutter designs, and who are willing to trade lot size for a better price point and a proven street.
Five Frequently Asked Questions
1. Why is the assessed value higher than the street and neighbourhood averages, but lower than the city average?
The citywide average ($390,100) is pulled up by newer, larger homes in rapidly developing areas of Winnipeg. Your street (Gatineau Bay) and neighbourhood (Windsor Park) have a mix of older homes with slightly more modest valuations. Your home’s assessed value ($365,000) outperforms its immediate peers by a small margin, likely due to its above-average build year and street ranking.
2. The lot size is below the neighbourhood average. Is this a disadvantage?
Not inherently. A smaller lot often means lower maintenance and a more manageable outdoor space. In a mature neighbourhood like Windsor Park, lots are commonly larger, but a smaller parcel can also imply a more defined, private yard. It is worth considering if you prioritize garden space or expansions, but for many buyers, it is a practical trade-off.
3. How does the “Year of Construction” ranking really affect value?
A top-5% ranking for build year on your street means this house was built earlier than most of its neighbours. Older homes in established areas can offer better craftsmanship, mature landscaping, and more established neighbourhoods. It does not mean the home is outdated—rather, it often signals a period of quality construction that has stood the test of time, which can be a strong asset in resale.
4. What does “Living Area” rank mean compared to “Assessed Value”?
The living area ranking (top 29% on the street) shows your home is slightly larger than average for its immediate street. The assessed value ranking (top 32%) shows it is also valued slightly higher than street peers. This suggests the home is not oversized for its value—it’s a balanced property where size and valuation align well. It is neither a bargain basement nor an overpriced square footage situation.
5. Should I be concerned that the neighbourhood and city rankings for living area are “around average”?
Not necessarily. “Around average” for a neighbourhood means your home fits comfortably within the typical range for Windsor Park and Winnipeg. This can be a positive for resale, as it avoids being an outlier. It means the home is marketable to a broad range of buyers who expect a standard, functional living space without the premium or challenges of an unusually large or small home.