This 1,024 sqft home on Speers Road in Winnipeg’s Windsor Park neighbourhood was built in 1958 and sits on a sizable 7,498 sqft lot. Its key characteristics are best understood through comparison: the living space is slightly below the street average and below the city average, but the land itself stands out. The lot is larger than roughly 87% of properties city-wide, and within the Windsor Park area, it ranks in the top 8% for lot size. The assessed value of $373,000 is above the neighbourhood average of $354,000, yet sits near the middle for its own street.
The appeal here is more about the land than the house. For buyers who value outdoor space, a generous yard in a well-established central neighbourhood, the interior square footage is a secondary concern. This property would suit someone willing to renovate or build new, or a buyer who prioritises garden space, room for a shop or garage addition, or simply wants more breathing room than most properties in the city offer. It’s less suited to someone looking for a move-in-ready home with generous interior dimensions. The house itself is older (comparable to its street and neighbourhood) and likely needs modernisation, but the location and lot provide a strong foundation.
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How does the property’s value compare to others in Windsor Park?
The assessed value of $373,000 is above the neighbourhood average of $354,000, ranking in the top 28% of the area. This suggests the larger lot and possibly other features are already reflected in its tax assessment.
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Is the house smaller than typical homes in the area?
Yes, the 1,024 sqft of living space is slightly below the neighbourhood average of 1,091 sqft. However, on this street and across the city, it ranks in the lower third for interior size.
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What does the “land area” ranking tell me?
The 7,498 sqft lot is a clear standout. It ranks in the top 8% within Windsor Park and the top 13% city-wide. This is the property’s strongest asset and a rare find in the neighbourhood.
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What condition is a 1958 home likely in?
The home is older than 61% of properties across Winnipeg. While the data does not cover renovations or condition specifically, a home of this vintage typically requires updates to major systems (roof, HVAC, windows, plumbing) and finishes.
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Who is this property best suited for?
Buyers who want to invest in a property with significant land in a central location, particularly those planning major renovations, a teardown and rebuild, or those who simply want a large yard. It is less suited to buyers seeking a finished, move-in-ready home with generous interior space.