167 Penfold Crescent

167 Penfold Crescent – Property Summary

Key Characteristics and Buyer Profile

This 1989-built home offers 1,088 square feet of living space on a 4,199-square-foot lot. Its standout feature is the construction year: among homes in Windsor Park, it ranks in the top 1% for newness, and it’s also newer than most properties on Penfold Crescent and across Winnipeg. The assessed value sits at $377,000, which is slightly above the community average but in line with city-wide figures. The living area is close to the median for both the neighbourhood and the street, while the lot is smaller than typical for the area—ranking in the bottom 10% on Penfold Crescent. This suggests a home that’s been built to a more modern standard on a compact site, likely appealing to buyers who prioritize a newer structure over outdoor space. It would suit someone looking for a well-maintained, relatively recent home without paying a premium for a large yard—perhaps a downsizer, a first-time buyer, or someone who values efficiency and lower maintenance.

Five Possible FAQs

1. How does the smaller lot affect the property’s value or appeal?
The lot is notably smaller than average for the street and neighbourhood. This may translate to less yard upkeep and lower winter clearance, but it also limits expansion potential or outdoor amenities like a large garden or garage addition. For buyers who prefer a manageable outdoor space, this can be a practical advantage.

2. Is the assessed value of $377,000 realistic for this home?
It’s close to the average for the street and city, but above the Windsor Park average—meaning the home is assessed slightly higher than many nearby properties. This could reflect its newer construction. Buyers should verify current market comparables, as assessments may lag behind sale prices.

3. How does the 1989 build compare to other homes in the area?
Most homes in Windsor Park were built in the early 1960s, so this property is significantly newer. That often means better insulation, modern electrical and plumbing, and fewer immediate renovation needs. It’s a clear differentiator in a neighbourhood with much older housing stock.

4. What’s the typical buyer for a home like this?
Based on the combination of a newer build and a smaller lot, likely buyers include those seeking a move-in ready home with lower yard maintenance—such as empty nesters, professionals, or small families. Investors might also consider it if rental demand in Windsor Park is stable.

5. Are there any trade-offs with the living space being near average?
At 1,088 square feet, the home is neither notably spacious nor cramped by local standards. It’s typical for the community but slightly below the Winnipeg average. This means it may feel comfortable for one or two people but could be tight for a larger family without additional finished basement space.