14 Penticton Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040-square-foot home built in 1962, sitting on a 5,774-square-foot lot in Windsor Park. Where it stands out most clearly is its assessed value: ranked 7th out of 57 homes on the street (top 12%) and 529th out of 3,307 in the neighbourhood (top 16%), with an assessed figure of $386,000. That’s notably above the street average of $365,600 and the neighbourhood average of $354,200. The living area, land area, and year built all fall around the middle of the pack by comparison—so the value here isn’t driven by size or newness, but likely by condition, updates, or location within the block.
The appeal is practical rather than flashy. It’s a modest home that holds its value well relative to neighbours, without commanding a premium for square footage or a freshly built structure. It would suit a buyer who wants a solid, reasonably priced entry into Windsor Park—someone who prioritizes good value per dollar over the latest finishes or maximum space. It could also appeal to an investor or homeowner looking for a property that already shows above-average equity relative to its immediate area, with room to add value through careful updates rather than a full reno.
Five Possible FAQs
1. How does the assessed value compare to homes of similar size nearby?
It’s above average for both the street and neighbourhood. The home is ranked in the top 12% on Penticton Bay and top 16% in Windsor Park, despite being slightly smaller than the street average for living area (1,040 sqft vs. 1,182 sqft). That suggests the lot, location within the area, or the home’s condition are having a positive effect on its valuation.
2. The living area is below the street average—does that affect the price significantly?
Not directly. In this case, the assessed value is higher than many homes with more square footage on the same street. Buyers focused purely on square footage might overlook this property, but the rankings show that value isn’t tied tightly to size here. It’s a reminder that “smaller” doesn’t automatically mean “worth less” in this market.
3. How does the lot size compare to other homes in the neighbourhood?
It’s close to average. The land area of 5,774 sqft is slightly below the neighbourhood average of 6,030 sqft, but the difference is small—within a few hundred square feet. It’s ranked in the top 58% locally and top 51% on the street, so it’s not an unusually large or small lot for the area.
4. What does the year built tell me about the home’s condition?
The home was built in 1962, which is typical for Windsor Park and slightly older than the citywide average of 1966. It’s in the top 26% of homes in the neighbourhood by age, meaning it’s older than roughly three-quarters of nearby homes. Nothing unusual for the area, but it’s something to keep in mind if you’re budgeting for older systems or potential updates.
5. How do “average” rankings on land and living area affect resale potential?
They limit upside from size, but they also mean you’re not overpaying for space you don’t need. The strong assessed value ranking relative to the street suggests the home already sits in a desirable spot within its price tier. Resale potential would likely depend more on how well the interior and mechanicals are maintained than on adding square footage or expanding the lot.