40 Gatineau Bay — Property Summary
Key Characteristics & Buyer Profile
This is a 1963-built home with 980 sq. ft. of living space on a 5,251 sq. ft. lot, located in the Windsor Park neighbourhood of Winnipeg. Its assessed value is $312,000.
The property’s appeal lies in its quiet strengths rather than headline figures. The living space and lot size are below average for both the street and the neighbourhood, but not dramatically so. The assessed value is notably lower than the street and community averages, which may translate to relatively manageable property taxes. The build year places it among the newer homes on the street (ranked 2nd out of 38) and well above the community average, meaning the structure is likely more modern than many nearby homes.
This property would suit a buyer who prioritizes neighbourhood character and is willing to trade square footage for a lower entry point. It may appeal to someone comfortable with a smaller footprint who values being in an established area. It is less suited to buyers seeking maximum space per dollar or a large lot for expansion.
Frequently Asked Questions
1. How does the size compare to other homes in the area?
The 980 sq. ft. living area is below the street average of 1,095 sq. ft. and the community average of 1,091 sq. ft. It ranks 38th out of 38 on the street and in the 76th percentile city-wide. The lot at 5,251 sq. ft. is also below both the street (5,972 sq. ft.) and community (6,030 sq. ft.) averages, though it sits closer to the city-wide median.
2. Why is the assessed value lower than the neighbourhood average?
The assessed value of $312,000 is about 12% below the street average of $351,000 and 13% below the community average of $354,000. This likely reflects the smaller living area and lot size relative to neighbours. City-wide, it ranks near the middle (67th percentile), suggesting it is not an outlier by Winnipeg standards.
3. Is the home older or newer than its neighbours?
It was built in 1963, the same year as the street average, ranking 2nd out of 38 on the street. Within the Windsor Park community, it is slightly newer than the average build year of 1961 and ranks in the top 19%. Compared to Winnipeg broadly, it is close to the median.
4. What does the ranking system actually mean?
The rankings compare this property to others within the same street, community (Windsor Park), and city (Winnipeg). For size and value, a higher rank means a larger or more expensive home. For build year, a higher rank means a newer home. The coloured progress bar shows the percentage of comparable homes this property outperforms in each category.
5. Who typically buys on Gatineau Bay?
Homes on this street tend to be from the early 1960s and are modest in size. Buyers are often looking for an established, mid-century neighbourhood with stable property values rather than new construction or large lots. This property’s lower assessed value may appeal to first-time buyers or those wanting lower ongoing tax costs, though the smaller size and lot may limit future redevelopment potential.