49 Argonne Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1956-built home with 930 sq ft of living space on a notably large 6,495 sq ft lot. The lot places it in the top 10% on its street and top 22% in both the Windsor Park neighbourhood and across Winnipeg — a clear standout feature. The house itself is smaller than the average in its neighbourhood (1,091 sq ft) and citywide (1,342 sq ft), but it’s on the larger end for its specific street, where the average is 865 sq ft. The assessed value of $311,000 is slightly below the street average and noticeably under neighbourhood and city medians, suggesting the value leans heavily on the land rather than the structure. The build year is identical to the street average and marginally older than the neighbourhood and city averages.
The appeal lies in the land-to-price ratio. Buyers here get a generous property in a solid, established neighbourhood at a price point below many other options in the area. That makes it a practical choice for someone willing to renovate, build an addition, or even redevelop down the road. It would suit buyers who prioritize outdoor space and future flexibility over immediate move-in perfection — people with a longer timeline who see the lot as the real asset. It’s less suited for someone wanting a turnkey home or who needs more interior square footage right now.
Five Possible FAQs
1. How does the size of this home compare to others nearby?
The house itself is smaller than the average in Windsor Park and Winnipeg, but it’s above average for its street. The real story is the lot: 6,495 sq ft puts it in the top 10% on Argonne Bay and top 22% across the city.
2. Is the property priced fairly given its condition and location?
The assessed value is below the neighbourhood average and close to street level, which partly reflects the smaller living area. The price isn’t driven by the house’s square footage but by the land — so fair value depends on what you plan to do with it.
3. What’s the neighbourhood like in terms of home ages and upkeep?
Windsor Park is a mid-20th-century neighbourhood — most homes were built around 1961. This house is slightly older but on par with its immediate street. Expect established streets, mature trees, and a mix of original and updated homes.
4. Could this be a good property for expansion or redevelopment?
Yes. The lot is well above average for the area, and the house itself is modest. That combination often appeals to buyers looking to add square footage or eventually replace the structure. Always check zoning and permit history first.
5. Why is the assessed value so much lower than the city average?
The assessment is based on both land and building value. While the lot is generous, the home’s smaller size and 1950s build keep the overall assessment below typical city medians. The property value is weighted toward the land, not the structure.