31 Canberra Road — Property Summary
Key Characteristics & Buyer Profile
This 1,200 sqft home sits on a 3,173 sqft lot and was built in 1960. Its standout feature is living space: it ranks 2nd out of 69 homes on Canberra Road (top 3%), well above the street average of 1,085 sqft. Within the Windsor Park neighbourhood, it lands in the top 18% for living area. The assessed value, however, tells a different story — at $225,000, it falls near the bottom of the street and well below both neighbourhood and city averages. The lot is modest by local standards, particularly compared to Windsor Park (where the average is 6,030 sqft) and Winnipeg as a whole.
The property’s appeal lies in the unusual gap between generous interior space and a below-average tax assessment. Buyers get ample square footage without paying a premium on property taxes relative to the area. That said, the smaller lot and older construction (roughly typical for the street, slightly older than the city average) mean this is not a renovation play with land value upside. It suits someone who prioritizes indoor space over yard size — a first-time buyer, a downsizer looking for single-level practicality, or someone who wants a solid, unflashy home in a well-established neighbourhood without the tax burden that often comes with newer or larger-lot properties. The strong living-area ranking on the street suggests this is one of the roomier options in a pocket where space is scarce, which matters in a resale context.
Frequently Asked Questions
1. Why is the assessed value so low compared to the neighbourhood average?
The $225,000 assessment puts it in the bottom 2% of Windsor Park, where the average is $354,000. This likely reflects a combination of the smaller lot, the 1960 build year, and possibly less recent renovation. The living area is large, but assessed value in Winnipeg weights land size and location heavily.
2. How does the lot size affect usability or resale?
At 3,173 sqft, the lot is about average for the street but well below the Windsor Park norm. That means less yard maintenance, but also less room for additions, a garage extension, or a large garden. Resale may appeal to a narrower buyer pool — those who value interior space and low taxes rather than outdoor potential.
3. Is the neighbourhood generally desirable for this price range?
Windsor Park is an established Winnipeg neighbourhood. Being in the top 18% for living area suggests good value for the price point. But the low assessment percentile (near bottom) also signals that this particular property is priced defensively — you're not paying for premium land or a freshly updated home.
4. What should a buyer look out for with a 1960 build?
Homes from this era often have original mechanicals, windows, and insulation. The build year is typical for the street and close to the neighbourhood average, so no red flags there — but a home inspection should focus on the roof, foundation, and electrical, regardless of condition. The low assessment may already account for needed updates.
5. How does this property compare to others on Canberra Road specifically?
On its own street, this home is in the top 3% for living area but bottom 13% for assessed value and about average for lot size and build year. That makes it an outlier — more indoor space than neighbours while costing less in taxes. It's a pragmatic choice, not a showpiece.