6 Applewood Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 754 sqft home on a 5,000 sqft lot, built in 1957, with an assessed value of $324,000. The property sits below average for living area at every level—street, neighbourhood (Windsor Park), and citywide (Winnipeg)—ranking in the bottom 1% within its own neighbourhood for size. It’s the oldest home on Applewood Bay (top 6% for age on the street), though closer to average citywide. The lot is slightly below the neighbourhood norm but around average for the city. Assessed value is below the street and neighbourhood averages but sits near the middle citywide.
The appeal here isn’t space or modern finishes. It’s a classic post-war bungalow on a standard lot, likely suited to buyers who are comfortable with a smaller footprint and see value in an older, well-located property rather than something recently built or expanded. The data suggests the home is modest relative to its surroundings—so the draw would be affordability, a quieter street in a established neighbourhood, and potential to add square footage or update over time. This could suit first-time buyers looking for entry-level ownership in Winnipeg, downsizers who don't need extra room, or investors interested in properties with renovation potential in a stable area. The age and size rankings indicate this home stands out for being one of the originals on the block, which some buyers may appreciate for character or lot position.
Frequently Asked Questions
1. How does this home's size compare to others in the area?
The living area is below average on the street, in the neighbourhood, and across Winnipeg. On Applewood Bay, it ranks 16th out of 17 homes (top 94% for being among the smallest). In Windsor Park, it's in the bottom 1% of homes for living area. Citywide, it's in the bottom 6%.
2. Why is the assessed value lower than the street and neighbourhood averages?
The home's smaller living area and older age likely contribute. Assessed value reflects market conditions and property characteristics—here, the value ranks 12th out of 17 on the street (top 71%), and sits below the neighbourhood average of $354,200, but near the middle citywide.
3. Is the lot size considered small or typical for this area?
The lot is 5,000 sqft. On Applewood Bay, that's near the middle (top 59% for being smaller). In Windsor Park, it falls below average (top 90% for smaller lots). Citywide, it's around the middle. So it's a standard urban lot but on the smaller side for the neighbourhood.
4. What does being the oldest home on the street mean practically?
Built in 1957, this is the original-era home on Applewood Bay. That may mean established landscaping, mature trees, and a more solid construction style than newer builds—but also potential for older systems (plumbing, electrical, insulation) that may need updating. Buyers should budget for maintenance common to homes of this age.
5. Who typically buys properties like this one?
Buyers often include first-time homeowners looking for a lower entry point in a central Winnipeg neighbourhood, people who plan to renovate or add square footage over time, or those who value location over interior space. The property may also appeal to buyers who prefer a simpler, smaller home without the premium attached to larger or newer houses in the area.