20 Peterboro Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,078 sqft home built in 1964 on a 5,775 sqft lot, located in the Windsor Park neighbourhood of Winnipeg. Its assessed value is $392,000.
The property’s main strength is its assessed value, which ranks well above average on its street (top 18%) and within the neighbourhood (top 13%). This suggests the home holds its value better than many nearby comparables, even though its living area is slightly below the street average. The lot size is around average for the area, with no standout advantage or disadvantage.
The appeal here is subtle. This is not a home that jumps out on paper with oversized rooms or a massive yard. Instead, it offers solid, middle-of-the-pack fundamentals with a clear value premium. It would suit a buyer who prioritizes financial stability and long-term resale potential over square footage or a newer build. Someone looking for a home in an established neighbourhood where they can add value through updates—rather than chasing a “perfect” layout—would find this property practical. It’s less for the buyer seeking bragging rights and more for one who wants a sensible, well-located asset.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
It’s slightly below the street average (1,230 sqft) but around the neighbourhood average (1,091 sqft). Citywide, it’s also around average. So it’s not small for the area, just a touch under what’s typical on its own street.
2. Is the assessed value higher than expected for this size?
Yes. The home ranks in the top 18% on its street and top 13% in the neighbourhood for assessed value, despite having below-average living area. This often points to good condition, a desirable location within the street, or recent improvements.
3. What’s the lot size like?
At 5,775 sqft, it’s right around average for both the street (6,109 sqft) and neighbourhood (6,030 sqft). It won’t stand out, but it’s not undersized either. A typical city lot in this part of Winnipeg.
4. How old is the house, and is that a concern?
Built in 1964, which is actually newer than the neighbourhood average (1961). It’s an older home by citywide standards, but within Windsor Park, it’s on the younger side. Many homes in the area are from the late 1950s to early 1960s, so maintenance history matters more than the year itself.
5. What kind of updates or renovations might be needed?
No specific information is provided here, but for a home of this age, common considerations include plumbing, electrical, windows, and the roof. A home with an above-average assessed value relative to its size may have had some upgrades already, but a professional inspection is the only way to confirm.