Here is a clean, standalone summary of the property at 4 Gatineau Bay, written in a natural tone.
Overview & Buyer Profile
This is a 1,027 sqft home built in 1962, sitting on a 5,251 sqft lot in the Windsor Park neighbourhood of Winnipeg. Its current assessed value is $342,000.
The property’s main appeal is its relative affordability compared to citywide averages. While the living space and lot size are both below the norm for the street and neighbourhood, the assessed value also sits below the citywide average of $390,100, placing it in a more accessible price bracket. The home’s construction year is notably older than the citywide average, but it ranks as above average within the Windsor Park neighbourhood, suggesting it fits the area's established character.
This home would suit a buyer who is price-conscious and willing to trade some square footage and lot depth for a lower entry point in a stable, mid-tier neighbourhood. It is less suited for someone seeking a spacious modern layout or a large yard. A practical buyer who sees potential in a home that is structurally comparable to its neighbours, but priced below them, would find this worth a closer look.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The living area is 1,027 sqft, which is below the street average (1,095 sqft) and the neighbourhood average (1,091 sqft). It ranks in the bottom third of homes on the street. The lot is 5,251 sqft, also smaller than both the street and neighbourhood averages.
2. Is the assessed value a good indicator of the asking price?
The assessed value is $342,000. This is lower than the average on the street ($351,000) and significantly below the citywide average for comparable homes ($390,100). Assessed value is a starting point for market value, but the final sale price depends on the home’s condition, updates, and current market demand. It does suggest the home is priced conservatively relative to its neighbours.
3. What does the ranking data actually mean?
The rankings show where this home stands compared to similar properties. For example, a rank of 23 out of 38 on the street means 22 homes have a higher assessed value, and 15 have a lower one. The "Top X%" figure indicates the percentage of homes this one outperforms. A higher percentage is better for lot size and living area, while a lower percentage for year built indicates an older home.
4. What is the significance of the home being built in 1962?
Within Windsor Park, this is an above-average construction year, meaning many surrounding homes are older. Compared to the rest of Winnipeg, it is slightly older than average (1966). This suggests the home has solid, older construction but may require more maintenance or updates than a newer build. The age also places it in a well-established part of the neighbourhood.
5. How does this property rank compared to the rest of Winnipeg?
Citywide, the home is around average for assessed value (Top 57%) and lot size (Top 49%). It is below average for living area (Top 71%) and older than the citywide average. This places it as a typical, smaller, and more affordable home within the broader Winnipeg market.