Key Characteristics & Buyer Profile
This is a 1,072 sqft home built in 1956 on a 5,321 sqft lot in the Windsor Park area of Winnipeg. Its assessed value is $374,000.
The property’s appeal is mixed. The living space is slightly below average for its street but sits close to the neighbourhood average, meaning it’s a fairly typical size for the area. The house is older than most nearby properties (75th percentile locally for year built), which could matter to buyers who prefer a newer structure or are prepared for maintenance associated with a 1950s home. The lot is notably small for the street—the smallest on Erie Bay—though it’s closer to the citywide average. The assessed value is slightly above the neighbourhood norm but around the city average, suggesting the home is priced competitively relative to its local market.
This property would suit a buyer who values location and affordability over square footage or lot size. It might appeal to first-time buyers looking for a modest entry point in a mature neighbourhood, or to someone who prioritizes proximity to amenities over having a large yard. It could also interest investors or renovators comfortable updating an older home, given the slightly below-average living area and small lot may keep the purchase price manageable. Buyers seeking a newer property or generous outdoor space should look elsewhere.
Five Possible FAQs
1. How does the lot size compare to other homes nearby?
The lot is the smallest on Erie Bay (40th out of 40) and is significantly smaller than the street average of 6,304 sqft. In the wider Windsor Park neighbourhood, it’s also below average. For reference, the city average lot size is about 6,570 sqft, so this property offers less outdoor space than typical.
2. Is this home considered good value for the area?
The assessed value of $374,000 is slightly above the neighbourhood average ($354,000) but almost exactly at the city median. Given its smaller lot and older construction, the price seems aligned with local market conditions. A buyer might find it reasonable if they don’t need a large yard or a newer build.
3. How old is the house, and is there anything to watch for?
Built in 1956, it’s older than about 75% of homes in the neighbourhood and 64% citywide. That’s common for Windsor Park, but buyers should budget for potential updates to systems (plumbing, electrical, roof) and possibly foundation or insulation work typical of homes from that era.
4. Does the smaller living space affect resale value?
At 1,072 sqft, the home is slightly smaller than the street average but close to the neighbourhood average. Since it’s already priced slightly above the neighbourhood norm, resale may depend on overall condition and updates. Higher-end finishes or an addition could improve its standing, but the small lot limits expansion options.
5. What type of buyer typically goes for a property like this?
This home tends to attract first-time buyers or downsizers looking for a smaller footprint in a central neighbourhood. Investors might also consider it for a rental or flip, but the small lot and older age narrow the pool of buyers who’d find it appealing as-is.