Here is a clean, standalone summary of the property at 161 Harper Avenue, presented in two sections.
Property Overview & Buyer Profile
Key Characteristics & Appeal
This is a 1959-built home with 816 sq. ft. of living space on a 5,174 sq. ft. lot. The assessed value sits at $359,000. What stands out here is the interplay of its metrics: the living area is notably smaller than average—ranking in the bottom 15% on its street and bottom 10% in the neighbourhood. The lot, while slightly below the neighbourhood average, ranks closer to the citywide median. The assessed value, however, tracks very close to the street and neighbourhood averages, suggesting the market is pricing the land and location more heavily than the modest square footage.
The appeal lies in its potential for a buyer who values a manageable footprint and a mid-century build over sheer space. It sits in a typical post-war Winnipeg neighbourhood where the average home was built in 1961, meaning it fits the local character. The value proposition is less about getting the biggest house and more about getting into a solid, average-priced property on a street where the numbers are stable.
Ideal Buyer
This property would suit a first-time buyer, a downsizer, or an investor looking for a lower-maintenance entry point in an established neighbourhood. It’s not for someone hunting for a large family home or a premium lot. Instead, it’s for a buyer who prioritizes location and realistic value over raw size—someone comfortable with a home that ranks near the median in cost and age, even if it’s on the smaller side for the area.
Frequently Asked Questions (FAQ)
1. How does the living space compare to other homes in Windsor Park?
The 816 sq. ft. living area is below the neighbourhood average of 1,091 sq. ft. It ranks in the 6th percentile locally, meaning roughly 94% of comparable homes in the area are larger. This is the property’s most significant trade-off.
2. Is the assessed value of $359,000 in line with the market?
Yes. The assessment is almost exactly at the street average ($342.9k) and very close to the neighbourhood average ($354.2k). It sits slightly below the citywide average for comparable homes ($390.1k), reinforcing that it’s priced realistically for its size and location.
3. What does the lot size of 5,174 sq. ft. mean practically?
It’s a typical city lot, but it’s smaller than the Windsor Park average (6,030 sq. ft.). On its own street, it’s on the smaller side as well. It offers standard yard space for a home of this era but won’t provide oversized gardens or extensive room for additions.
4. Why is the value considered average when the house is smaller than most?
The value reflects the land and the neighbourhood’s baseline pricing more than the interior square footage. The home is older and smaller, but it sits in a stable, mid-range area where the land itself holds value. Buyers are paying for the address and the lot, not a premium for extra space.
5. What should I be aware of regarding the home’s age (built 1959)?
It’s on par with the street and neighbourhood, where the average build year is 1961. Citywide, the average comparable home is slightly newer (1966). This means the property is representative of mid-century construction. A buyer should expect systems and finishes typical of that era and budget for updates accordingly, but it won’t stand out as either unusually old or new for its immediate area.