31 Penticton Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,077 sqft home built in 1963 on a 5,734 sqft lot in Winnipeg’s Windsor Park neighbourhood, with a current assessed value of $356,000.
Its strongest feature is the year built. At 1963, this home ranks in the top 11% on its street for age—meaning most surrounding homes were built later. For buyers who prefer the construction quality, mature trees, or established character of older neighbourhoods, that’s a real advantage. The living area sits slightly below the street average but is close to the neighbourhood average, so it’s not an outlier in either direction.
The land area is the weakest point here. At 5,734 sqft, it’s below average for the street (top 93%) and for the neighbourhood. That means less yard space than many neighbours, but also potentially less maintenance and a more manageable footprint. The assessed value is in line with the neighbourhood average, which suggests no major over- or under-valuation relative to similar homes nearby.
This property would suit a buyer who values a well-established, modestly sized home in a stable mid-century neighbourhood, and who doesn’t need a large lot. It could also work for someone who wants to avoid the premium often attached to newer builds without sacrificing a sensible price point. It’s not a house that stands out for its size or land—it’s a solid, unflashy option.
Frequently Asked Questions
1. How does this home compare to others on Penticton Bay?
It ranks in the bottom half for land size (53rd out of 57) but in the top 11% for year built, meaning it’s among the older homes on the street. Living area and assessed value are both around the street average.
2. Is the lower land area a red flag?
Not necessarily. It’s below average for the street and neighbourhood, but still a standard city lot. If you don’t need a large yard or garden, the smaller lot could be a practical advantage—less upkeep and a more compact property.
3. What does the assessed value tell me about market price?
Assessed value is not the same as market value, but it gives a useful benchmark. At $356,000, this home is close to the neighbourhood average ($354,200) and slightly below the citywide average for comparable homes ($390,100). It suggests a fairly priced property relative to its immediate area.
4. How does this home compare to newer homes in Windsor Park?
Newer homes in the area will typically have larger living areas and more modern layouts, but they also tend to sit on smaller lots and come with a higher price tag. This home offers older construction, which some buyers prefer, and is likely priced at a more accessible entry point.
5. What should I look for during a viewing given the age of the home?
Homes built in 1963 often have original mechanical systems, windows, or insulation that may need updating. Pay attention to the furnace, electrical panel, and plumbing. The older lot size is also worth checking in person—sometimes smaller urban lots come with deeper or wider dimensions than the number suggests.