Property Overview & Key Characteristics
This 1956 one-storey home in Windsor Park sits on a large, nearly 5,000 sqft lot, offering a solid foundation in a well-established neighbourhood. Its key appeal lies in a desirable combination of space, location, and recent updates. The home itself is a manageable 936 sqft bungalow, but the significant lot size provides ample outdoor space and future potential. A recently renovated basement adds valuable finished living area. The property ranks highly for its newer build year relative to its immediate street and boasts an above-average living area for the neighbourhood.
Its charm is grounded in practicality. It suits first-time buyers or downsizers looking for a single-level layout in a quiet area, as well as value-conscious buyers who see the potential in a large lot—whether for gardening, expansion, or long-term investment. The detached garage adds utility. While not the largest home on the block, its above-average lot size and updated basement offer a compelling balance between move-in readiness and future possibilities.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value is $330k, which serves as a municipal tax valuation. Market value can differ based on condition, updates, and current demand. Reviewing recent sales of comparable homes in Windsor Park is essential for setting realistic price expectations.
2. What are the implications of the home's age?
Built in 1956, the major systems (roof, plumbing, electrical) may be older or have been updated. A thorough home inspection is crucial to understand the condition and anticipate any maintenance priorities, though the renovated basement suggests some modernization has been done.
3. The lot is large, but how is the neighbourhood?
The data shows the property ranks in the top 8% for lot size on its street and in Windsor Park, indicating a premium, spacious setting. Windsor Park is a mature neighbourhood with a mix of original and updated homes, offering stability and convenience to amenities.
4. Is there potential to expand or build up?
The large lot certainly provides space for an addition or a garden suite, subject to City of Winnipeg zoning bylaws and permit approvals. The single-storey structure also makes a vertical addition architecturally feasible. Always verify with the city planning department.
5. How does this home compare to others nearby?
The provided comparisons show similar assessed values in various neighbourhoods and nearby Windsor Park homes with different specs. This home’s distinct advantage is its very large lot relative to its living area, which may not be reflected in direct square-footage comparisons with other properties.