Here is the property summary, written as a clean, standalone webpage section.
Key Characteristics and Buyer Profile
This 1989-built home on Penfold Crescent stands out primarily for its generous interior space and modern construction relative to the surrounding area. The living area of 1,608 square feet ranks in the top 6% on the street and top 3% in the Windsor Park neighbourhood, where the average home is both smaller and older. The property was also built significantly more recently than most of its neighbours—ranking in the top 1% for year built within the community, where the average home dates to 1961.
The assessed value of $422,000 reflects a premium over the local average, but it is notably close to the citywide median, suggesting you’re getting above-average space and age without paying a dramatic citywide markup. Where the property is less exceptional is lot size: at 5,399 square feet, it is slightly below the street and neighbourhood averages. This is not a sprawling yard, but it is a functional, manageable lot for a home of this size.
This home would likely appeal to buyers who prioritize interior square footage and a newer structure over a large private yard. It suits those who want a move-in-ready home in an established neighbourhood without needing to take on a major renovation or a much older house. Families or professionals who value efficient indoor space and don’t require an oversized lot for gardening or recreation would find the ratio of house to land practical.
Frequently Asked Questions
1. What is the home’s biggest advantage compared to other properties on the street?
The size of the living area, at 1,608 square feet, is well above the street’s average of 1,238 square feet. Combined with a construction date of 1989—over a decade newer than the street average of 1978—the home offers a blend of space and modernity that is uncommon on this block.
2. Is the lot size considered small for the neighbourhood?
Moderately so. The lot is 5,399 square feet, while the Windsor Park average is roughly 6,030 square feet, putting it in the lower end of the neighbourhood. However, on Penfold Crescent itself, the lot is closer to the street average, so it fits in reasonably well with immediate neighbours.
3. How does the assessed value compare to similar homes across Winnipeg?
The assessed value of $422,000 is near the citywide average of $390,000 but ranks in the top 33% citywide. This indicates the home is valued somewhat higher than typical, but the premium aligns with its above-average living area and newer build rather than being an outlier.
4. Why does the home rank so well in its community but only near average citywide for living area?
The Windsor Park neighbourhood has many older, smaller homes (average 1,091 square feet), so this house stands out locally. Citywide, however, the average living area is 1,342 square feet, so the advantage becomes less pronounced when compared against newer developments and larger homes across Winnipeg.
5. What is the practical benefit of the home being built in 1989 rather than the 1960s?
Homes from the late 1980s often have more modern electrical systems, better insulation standards, and fewer legacy issues like knob-and-tube wiring or outdated plumbing that are common in 1960s-era homes. This can mean fewer immediate maintenance surprises and lower upfront upgrade costs for a new owner.