12 Newark Road – Property Summary
Section 1: Key Characteristics, Appeal, and Ideal Buyer
This is a 1,076 sqft home built in 1961, situated on a notably large 7,384 sqft lot. The assessed value sits at $336,000.
The property’s main draw is the lot. It ranks in the top 11% on its street, top 9% in the Windsor Park neighbourhood, and top 14% citywide. For a buyer who values outdoor space, gardening, or future expansion possibilities, this is a meaningful differentiator. The home itself is modest in size—slightly below the citywide average for comparable properties (1,342 sqft)—but its living area is consistent with what’s typical on Newark Road and within Windsor Park. The assessed value is below both the street and neighbourhood averages, which could be seen as an entry point for buyers willing to invest in updates.
The year built (1961) is unremarkable for the area, meaning the home likely shares construction characteristics common to many post-war Winnipeg bungalows or similar styles. This isn’t a property that will appeal to someone seeking a turnkey, modern finish. Instead, it suits a buyer who prioritises land over square footage—someone comfortable with a home that may need cosmetic or structural attention, but who sees the lot as the primary asset.
Section 2: Five Possible FAQs
1. How does the lot size here compare to other homes in Windsor Park?
The lot is 7,384 sqft, which ranks in the top 9% in the neighbourhood (average is 6,030 sqft). It’s among the larger parcels available locally, which is unusual for a home at this price point.
2. Is the assessed value of $336k a concern for resale?
It’s below the street average ($370.4k) and neighbourhood average ($354.2k), but close to the citywide average for comparable homes ($390.1k). The lower assessment could mean lower property taxes, but it may also reflect the home’s condition or age. Buyers should verify what drove the assessment.
3. What’s the typical home style in this area, given the 1961 build year?
Homes built around 1961 in Windsor Park are often bungalows or split-levels with straightforward layouts. Construction materials and systems (e.g., knob-and-tube wiring, cast iron plumbing) from that era may need updating, so an inspection is worth prioritising.
4. Would this property work for someone wanting to renovate or add square footage?
That depends on local zoning and setback rules. The large lot provides space for an addition or a detached garage, but you’d need to confirm with the city. The existing 1,076 sqft is towards the smaller end, so expansion potential is one of the property’s stronger selling points.
5. How does the home’s living area rank against other properties in Winnipeg?
It’s in the top 63% citywide, which is “around average.” It’s slightly larger than the neighbourhood average (1,091 sqft) but smaller than the citywide comparable average (1,342 sqft). For a home of this era, the size is typical rather than generous.