148 Penfold Crescent — Property Summary
Key Characteristics & Buyer Profile
This 1991 home on Penfold Crescent offers 1,456 square feet of living space on a 4,445-square-foot lot. It sits in the Windsor Park neighbourhood of Winnipeg.
Where this property stands out is age and assessed value relative to its immediate surroundings. Built in 1991, it ranks #4 on the street (top 4%) and #8 in the neighbourhood (top 1%) for newer construction, in an area where the average home was built in the early 1960s. The assessed value of $413,000 is top 5% in the neighbourhood ($354k average), meaning it represents one of the higher-valued homes in a generally more affordable pocket.
Where it’s more modest is land area. The lot is below average for both the street and neighbourhood—likely a trade-off for the newer build and larger-than-average interior. Living area is above average on the street and well above average for the neighbourhood, but sits near the citywide median.
Appeal: This is a home that prioritizes interior space and a newer build over a large yard. It suits someone who values modern bones, efficiency of space, and doesn’t need extensive outdoor square footage. Because it’s assessed higher than most homes in Windsor Park, it may also appeal to buyers looking for a property that already reflects a higher baseline value in a neighbourhood that’s still relatively affordable citywide.
Buyers it suits: Families or couples who want a home that’s newer than most in the area, with above-average living space, and who are comfortable with a lot size that’s on the smaller side. Could also suit someone buying into Windsor Park who wants a property that won’t feel dated compared to the older housing stock.
FAQs
1. How does the living space compare to typical homes in this area?
It’s larger than the average home on Penfold Crescent (1,238 sqft) and well above the Windsor Park neighbourhood average (1,091 sqft). Citywide, the comparable average is 1,342 sqft, so the interior is slightly above that as well.
2. Why is the lot size considered below average when the home is newer?
On Penfold Crescent and in Windsor Park, most homes were built in the 1960s and 1970s, often on larger lots. As infill or newer builds, 1991-era homes in this area tend to sit on smaller parcels. It’s a trade-off common to newer construction in established older neighbourhoods.
3. Is the assessed value of $413,000 reasonable for what you get?
Within the neighbourhood, it’s elite—only 5% of comparable homes are valued higher. But citywide it sits near the median, which means you’re paying a premium for a newer, larger home in Windsor Park, not for the land. The assessed value suggests a home that’s been well-maintained or upgraded relative to its neighbours.
4. How does the year built matter practically?
A 1991 home avoids a lot of the common issues found in older Winnipeg houses: knob-and-tube wiring, lead pipes, or poorly insulated walls. It’s also over 30 years old now, so some major systems (roof, furnace, windows) may still be original or nearing replacement age—worth verifying.
5. What should a buyer watch out for with a smaller lot in this area?
Smaller lots can mean less privacy from neighbours and less room for additions, garages, or outdoor structures. But they also mean less yard maintenance and, in this case, a home that feels spacious inside. If you’re used to a big Winnipeg lot, it will feel tight; if you’re coming from a newer subdivision, it’s probably what you expect.