229 Speers Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,482 sqft home built in 1964, sitting on a 4,987 sqft lot in Windsor Park, Winnipeg. The property’s main draw is its living space. At the neighborhood level, it ranks in the top 5% for size, meaning it offers noticeably more room than most nearby homes. The assessed value, however, is below average for both the street and the neighborhood—currently $334k compared to the neighborhood average of $354k. This gap between size and value is where the appeal lies: you’re getting a larger-than-typical floor plan at a price that’s below the local norm.
The lot is on the smaller side for the area, ranking in the bottom 10% on the street. That trade-off is worth noting. Buyers who prioritize indoor square footage over outdoor space will find this property compelling. It would suit someone looking for a roomier interior without paying a premium for a large yard—perhaps a growing family, a home-based worker needing extra rooms, or someone who values layout flexibility more than garden space. The 1964 build year is above average for the neighborhood and street, meaning the home is newer than many of its immediate neighbors, which could mean fewer major structural updates compared to older stock in Windsor Park.
Frequently Asked Questions
1. How does this home compare to others on Speers Road?
It has one of the largest living areas on the street (top 11%), but the lot is among the smallest (bottom 10%). The assessed value is below the street average, so you’re getting more interior space for less than what many neighbors are paying in assessed value.
2. Is the assessed value of $334k a good indicator of market price?
Assessed value is a lagging metric used for tax purposes, not a direct reflection of current market value. In this case, the below-average assessment combined with above-average living space could suggest the property is undervalued relative to its size—but a full market analysis would be needed to confirm.
3. What does the lot size mean practically?
At just under 5,000 sqft, this is a modest lot. It’s smaller than most in Windsor Park and on the street. Expect a compact yard, which may limit space for large gardens, play structures, or future additions. For buyers who don’t need extensive outdoor space, this is less of a concern.
4. How old is the home, and what should I expect maintenance-wise?
Built in 1964, the home is newer than most in Windsor Park (top 15% for year built). Homes from this era often have original systems—furnace, roof, windows, plumbing—that may need updating. A home inspection is recommended to gauge the condition of these major components, but the build year itself is a positive compared to the neighborhood norm.
5. What’s the neighborhood like for resale value?
Windsor Park is a well-established area in Winnipeg. The home’s living area ranks in the top 5% locally, which is a strong selling point if you ever decide to sell. However, the small lot and below-average assessed value relative to the neighborhood mean your resale value will depend heavily on interior condition and upgrades rather than land value—which is often the primary driver in other parts of the city.