31 Hansford Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,011-square-foot bungalow built in 1965, sitting on a 5,039-square-foot lot in Windsor Park, Winnipeg. The property’s appeal lies in its assessed value. At $393,000, it ranks in the top 17% on its street and top 12% in the neighbourhood, despite living area and lot size falling below average compared to nearby homes. In other words, you’re paying a premium for the location or land potential rather than square footage or a recently updated build. The home is older—around the median for the street and city—but it’s among the older homes in Windsor Park itself (top 10% by age), which could mean mature landscaping or a more established block. This property would suit a buyer who prioritizes a strong-value neighbourhood and is willing to work with a smaller footprint or perhaps renovate. It may not appeal to someone needing maximum space per dollar or a move-in-ready modern layout.
Frequently Asked Questions
1. Why is the assessed value high relative to the size?
The value likely reflects land location, neighbourhood desirability, or recent comparable sales in Windsor Park, not the square footage alone. The lot, while smaller than the street average, may still hold appeal depending on zoning or proximity to amenities.
2. How does this home compare to others on Hansford Road?
It’s smaller than most homes on the street (ranked 43 out of 54 for living area) but valued higher than most (ranked 9 out of 54 for assessed value). This suggests the property may have unique features, a better lot location, or recent upgrades not captured by size alone.
3. Is the lot size a concern for future development?
At 5,039 square feet, it’s below the street and neighbourhood averages but close to the citywide median. Unless you have specific plans requiring a larger footprint, it’s adequate for a standard single-family home, though expansion options may be limited.
4. What does “Top 10%” for year built in Windsor Park mean?
It means the home is among the earliest built in the neighbourhood. That can be a plus if you value established trees, wider lots from older subdivisions, or lower property taxes in some cases. It also suggests the mechanicals and structure may be older and worth inspecting carefully.
5. Would this property be a good investment?
That depends on your goals. It’s already valued above the street and neighbourhood average, so immediate appreciation may be modest. However, Windsor Park is a stable mid-century area, and if you can add square footage or update the interior, the value gap relative to size could close. It’s not a clear bargain, but not overpriced either—just positioned differently than most.