46 Penticton Bay

46 Penticton Bay, Winnipeg

Overview

This 1,027-square-foot home on a 5,774-square-foot lot was built in 1963 and has an assessed value of $328,000. The property sits on a street where most homes were also built around 1963—placing it in the earliest 11% of houses on Penticton Bay—but the living area and assessed value are both below the street’s averages. The lot size is close to the median for the neighbourhood.

The appeal here is pragmatic. This isn’t a polished or oversized property, but its age-appropriate construction and solid lot mean the bones are likely consistent with other homes in Windsor Park. Buyers who value a mid-century layout, a standard-size city lot, and a price that undercuts the street average will find this worth a look. It suits first-time owners, investors looking for a lower entry point in a stable area, or anyone who prioritizes location over square footage. The home sits in a neighbourhood where the average living area is actually smaller than on this street, suggesting the surrounding homes are modest in scale too—so this property fits the local character rather than standing out awkwardly.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the neighbourhood?
The assessment of $328,000 is below the street average of $365,600 and the neighbourhood average of $354,200. Citywide, it’s roughly average—ranked in the top 62%—so the value is competitive locally but not unusually low for Winnipeg as a whole.

2. Is the living area small for a home of this era?
It’s slightly below the street and city averages but above the neighbourhood average in Windsor Park. The 1,027 square feet is typical for a 1960s bungalow or split-level in this part of the city. Buyers expecting a modern open layout may find it compact, but it aligns with what most neighbouring homes offer.

3. What does the year built tell me about the condition?
Built in 1963, it matches the street average and is older than the citywide median of 1966. Homes from this era in Winnipeg often have solid foundations and mature trees, but mechanicals and windows may be original. A pre-purchase inspection is advisable, especially for plumbing and electrical.

4. How does the lot size compare to others nearby?
At 5,774 square feet, it’s slightly smaller than the street and neighbourhood averages (both around 6,000 square feet). Citywide, it’s in the top 37%, meaning the lot is larger than many Winnipeg properties. It’s a good size for a single-family yard without being oversized for maintenance.

5. Why is this property ranked low on its street but average citywide?
Penticton Bay has newer and larger homes than the citywide average, so the property looks small and low-valued in that immediate context. Broadening the view to all of Winnipeg, these differences shrink. The home is a typical older residence on a street that’s slightly above the city norm.