54 Bibeau Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,089 sqft home built in 1961, sitting on a 6,815 sqft lot in Windsor Park. The property’s strength is its lot size and assessed value relative to its street and neighbourhood. On Bibeau Bay, it ranks in the top 8% for lot size (above the street average of 5,951 sqft) and in the top 4% for assessed value (above the street average of $356.6k). The living area is slightly above the street average but only around average for the neighbourhood and city. The home itself is older—built in 1961—which is typical for the area but behind the citywide average build year of 1966.
The appeal here is not a turnkey or trendy interior, but rather the underlying value of the land and the relative positioning within a stable, established street. A buyer who recognizes that the lot size and assessed value are strong compared to neighbours will see potential—either for immediate use or long-term land value. The home needs to be evaluated for its condition and layout, as the living space is modest by city standards.
This property would suit a buyer who:
- Prioritizes lot size and land value over a modernized interior.
- Is comfortable with a 1960s home that may require updates or renovations.
- Wants to be on a street where the property ranks well for assessed value and lot size compared to neighbours.
- Prefers an established, older neighbourhood over newer subdivisions.
Five Possible FAQs
1. How does the lot size compare to others in the area?
The lot is 6,815 sqft, which is larger than the average on this street (5,951 sqft) and above average for both the neighbourhood and city. It ranks in the top 8% on Bibeau Bay and top 19% citywide.
2. Why is the assessed value high relative to the living area?
Assessed value reflects the property as a whole, not just the house. The larger lot and possibly other site features (location, proximity, etc.) contribute significantly. The property ranks in the top 4% on the street for assessed value, while living area is only slightly above the street average.
3. Is this a good property for a renovation or teardown?
The lot size and its ranking suggest it may have redevelopment potential, but that depends on zoning and neighbourhood restrictions. The home’s 1961 build date means it could be renovated, but a teardown would only make sense if the land value alone justifies it. Check local regulations before assuming.
4. How old is the home, and how does it compare to others nearby?
Built in 1961, which is on par with the neighbourhood average (1961) and slightly older than the citywide average (1966). On Bibeau Bay, it ranks in the top 12% for newer builds, so it’s not one of the oldest on the street.
5. Which features stand out compared to other homes in Windsor Park?
The lot size and assessed value are the strongest features. The lot ranks top 15% in the neighbourhood, and the assessed value ranks top 7%. Living area is around average for the neighbourhood, and the build year is typical.