179 Penfold Crescent – Property Summary
1. Key Characteristics & Buyer Profile
This is a well-maintained single-family home built in 1989, located in the established Windsor Park neighbourhood. Its strongest feature is a 1,456 sqft living area, which is notably larger than most homes on Penfold Crescent (ranking in the top 18%) and well above the neighbourhood average of 1,091 sqft. The assessed value of $444,000 is also strong—ranking in the top 2% within Windsor Park—indicating the property holds its value relative to its immediate surroundings. The lot size of 5,208 sqft is slightly smaller than typical for the area, but not unusually so for the street. The home’s construction year (1989) makes it newer than the vast majority of homes in the neighbourhood, where the average build year is 1961.
The property’s appeal lies in its combination of generous indoor space and a more modern build, set in a desirable pocket of a well-regarded city neighbourhood. It suits buyers looking for a home that doesn’t require the compromises often found with older homes or smaller layouts—particularly families, downsizers who want good room dimensions, or anyone prioritizing living space and stability of value over a large yard. It’s not a fixer-upper or a teardown; it’s a solid, move-in-ready option in a competitive segment of the market.
2. Five Possible FAQs
Q: How does the lot size compare to other properties in Windsor Park?
A: The lot is 5,208 sqft, which is noticeably smaller than the neighbourhood average of 6,030 sqft. It ranks in the bottom 13% locally, so if a large yard is a priority, you’ll want to view it in person to see if the outdoor space meets your needs.
Q: Is the assessed value reliable for determining market price?
A: Assessments are lagging indicators, but the $444,000 value ranks in the top 2% of the neighbourhood and top 11% on the street. This suggests the property is already positioned above local norms in value—something to consider if you’re hoping for a bargain or expecting room for rapid appreciation.
Q: What condition is a home built in 1989 typically in?
A: That depends on ownership and maintenance. The year alone suggests it’s past major systems’ lifespan milestones (roof, furnace, windows), but being newer than most nearby homes means it likely has more modern construction standards. A home inspection is wise, but the build year itself is a positive relative to the area.
Q: How does this home compare to others available in Windsor Park right now?
A: With a living area above both the street and neighbourhood averages, and a newer build year, this home stands out in a market where many listings are from the 1960s or 1970s. If you’ve been seeing smaller or older homes in your search, this one offers a clear step up in usable space and recency.
Q: Is Windsor Park a good neighbourhood for resale value?
A: Windsor Park is a well-established, centrally located neighbourhood in Winnipeg. The property's rank in the top 2% by assessed value within the area suggests it’s already in a strong location relative to its peers. Resale outlook is generally solid, but specific street appeal and condition at time of sale will always matter more than averages.