127 Penfold Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,218 sqft home built in 1989 on a 5,250 sqft lot in Winnipeg’s Windsor Park neighbourhood. Its strongest feature is the assessed value: ranked in the top 4% of the neighbourhood and top 23% on the street, it sits significantly above local averages despite having a living area and land area that are closer to the middle of the pack. The home is notably newer than most of its neighbours—ranked top 1% in the area by year built—which partly explains the higher valuation.

The appeal here is subtle. You’re not getting a huge lot or a spacious interior relative to the street or city, but you are getting a well-valued asset in a neighbourhood where comparable homes tend to be older and less expensive to assess. The living area is a shade under the street average but comfortably above the neighbourhood average, meaning it’s not cramped by local standards. The land is on the smaller side for the area, which may appeal to buyers who want a manageable yard without the upkeep of a larger lot.

This property would suit buyers who prioritize a newer build in an established neighbourhood, value higher assessed equity over raw square footage, and don’t need a sprawling lot. It could also work for someone looking for a home that already ranks well in valuation—useful for resale or refinancing. Less obvious: because the assessed value outpaces the living area and lot size, this might be a home where interior finishes, layout, or location within the street add disproportionate value—worth investigating in person.

Frequently Asked Questions

1. How does this home compare to others on Penfold Crescent?
On the street, it’s above average in assessed value (top 23%) and year built (top 11%), but around average for living area and land. The house is newer than most neighbours, which likely drives the higher valuation, but you’re not getting extra space or a bigger yard compared to others on the same block.

2. Is the land area a concern?
At 5,250 sqft, the lot is below the neighbourhood average of 6,030 sqft and ranks in the bottom 16% locally. Citywide it’s about average. If you’re coming from a suburban neighbourhood with larger lots, this could feel tight. But for Windsor Park, it’s not unusually small—just not generous.

3. Why is the assessed value so high relative to the neighbourhood?
The most likely factor is the year built—1989 is very recent for this area, where the average home dates to 1961. Newer construction often carries higher assessed values due to modern materials, systems, and layout standards. It’s not a guarantee of luxury, but it explains the disparity.

4. How does this home rank citywide versus locally?
Citywide, the home is near the middle in living area (top 49%), land (top 49%), and assessed value (top 34%). Its strongest citywide ranking is year built (top 23%). Locally, it stands out much more: top 4% in assessed value and top 1% in year built. This means it’s a relatively strong property within Windsor Park, even if it doesn’t crack the top tiers of Winnipeg as a whole.

5. Should I pay attention to the “top X%” rankings or the averages more?
Both matter, but for different things. The percentages tell you where this home sits relative to peers—useful for gauging uniqueness or resale potential. The averages give you a concrete sense of what’s normal on the street or in the area. If you’re comparing homes, use the percentages to spot outliers (like this home’s year built) and the averages to see how much you’re actually getting in square footage or land.