8 Echo Bay, Winnipeg — Property Summary

1. Key Characteristics & Buyer Profile

This is a 1,092 sqft single-family home built in 1956, sitting on a 5,992 sqft lot in the Windsor Park neighbourhood (Echo Bay street). The assessed value is $390,000.

Where the appeal lies: The property’s strongest point is its assessed value relative to its street and neighbourhood. It ranks 7th out of 40 homes on Echo Bay (top 18%) and 449th out of 3,307 in Windsor Park (top 14%) for value—meaning it’s priced competitively compared to nearby homes with similar characteristics. The land area is modest for the street but roughly average for the neighbourhood and city, so the lot isn’t oversized but is functional. The year built (1956) is older than much of the neighbourhood and city, which may matter for maintenance expectations or for buyers who prefer a more established structure.

What’s less obvious: The living area (1,092 sqft) sits below the average for comparable homes citywide (1,342 sqft) and is well below the neighbourhood average (1,196 sqft). This isn’t a “bigger is better” property—it’s a compact, efficiently sized home. Yet its assessed value holds up well against larger homes in the area, suggesting the value may come from lot location, condition, or other factors not captured in square footage alone. The street-level ranking for land area is notably low (bottom 27% on Echo Bay), so buyers wanting a spacious yard should look elsewhere.

Who it suits: First-time buyers or downsizers who want a solid entry point into a well-ranked neighbourhood without paying for excess space. Also suited to investors or buyers who value relative affordability on a street where most homes are larger and cost more. Not ideal for someone seeking a large home, a newer build, or a big lot—those attributes are below average here.

2. Five Possible FAQs

1. How does the property compare to similar homes in the city?
Citywide, the home ranks in the top 41% for assessed value (above the average of $390,100 for comparable homes), top 61% for living area (below the average of 1,342 sqft), and top 33% for land area (right around the average of 6,570 sqft). It’s a mid-range performer overall, with value being its standout metric.

2. Is the 1956 build a concern?
It depends on your perspective. The home is older than 75% of homes in Windsor Park and 64% of homes citywide. That could mean more original construction details (which some buyers like) or more deferred maintenance (which some buyers avoid). The ranking on the street is comparatively strong—only 7 out of 40 homes are newer—so on Echo Bay, a 1956 home is not unusual.

3. Why is the assessed value considered strong if the living area is below average?
Assessed value reflects more than square footage—it factors in lot location, market demand, and likely the condition of the home. This property ranks in the top 18% on its street for value despite being in the bottom 15% for living area. That gap suggests the home may be well-maintained or enjoy a desirable position within the street that offsets its smaller footprint.

4. What does “rank” mean in this context, and why are there three different ranks?
Each rank compares this property against “comparable homes” within three scopes: its street (all 40 homes on Echo Bay), its neighbourhood (Windsor Park, 3,307 homes), and the entire city of Winnipeg (194,458 homes). A higher rank (e.g., top 18%) means it outperforms more of its peers within that group. The rankings use data from property assessments, not list prices.

5. Can I see how this property compares to neighbours on a map?
Yes—the property’s listing includes a link to an interactive neighbourhood map analysis. That tool lets you view nearby homes side-by-side and compare year built, living area, assessed value, and lot size in detail. It’s a useful way to check whether the street or block skews older, larger, or more expensive than the numbers alone suggest.