Key Characteristics & Ideal Buyer Profile
This is a 1,012 sq ft single-family home built in 1966, located on Penfold Crescent in Winnipeg’s Windsor Park neighbourhood. The property sits on a 5,251 sq ft lot. Compared to others on the same street, the living space is on the smaller side—ranking in the bottom 13%—and the lot size is slightly below the street average as well. However, the assessed value at $357,000 is notably lower than the street average, placing it in the bottom quarter of the block. Within the broader Windsor Park area, the home tracks much closer to local norms for both size and value. The build year is a relative standout locally, ranking in the top 7% of the neighbourhood, meaning this home is newer than most of its immediate surroundings.
The appeal here is pragmatic rather than flashy. You’re getting a compact, mid-century house on a modest lot in a stable, established neighbourhood, priced below what other homes on the same street are valued at. This isn’t a showpiece or a oversized family estate—it’s a solid, livable entry point. It would suit first-time buyers looking to get into a decent area without stretching to the top of their budget, downsizers who want a manageable home and yard in a quiet community, or value-conscious investors targeting a lower entry cost in an area with average-to-strong local pricing. The lower square footage and lot size relative to the street are worth noting—if maximizing space per dollar is a priority, this property may feel tight compared to neighbours.
Five Frequently Asked Questions
1. How does the property’s assessed value compare to similar homes nearby?
On Penfold Crescent, the assessed value of $357,000 is below the street average of $390,000, ranking in the bottom quarter. But within the larger Windsor Park neighbourhood, the value is essentially average—it sits right around the 48th percentile. So you’re paying less than your immediate neighbours, but you’re in line with the broader community.
2. What can you tell me about the neighbourhood and its housing stock?
Windsor Park is an established Winnipeg neighbourhood with a mix of post-war and mid-century homes. The average build year locally is 1961, so this 1966 home is newer than about 93% of the area’s housing stock. That’s a meaningful advantage—many nearby homes will have older foundations, wiring, and layouts. The neighbourhood itself is stable, with mature trees and standard residential lots averaging around 6,030 sq ft.
3. Is the smaller living space a dealbreaker for resale value?
It depends on the buyer pool. On this street, the average living area is 1,238 sq ft, so this home is about 18% smaller than the norm. That gap could limit appeal for families who need room to grow. But for buyers prioritizing affordability or a lower-maintenance footprint, the smaller size is a feature, not a flaw—especially if the price reflects the difference. The key is whether the layout makes efficient use of the 1,012 sq ft available.
4. How does the lot size affect the property’s usability?
At 5,251 sq ft, the lot is modest by both street and neighbourhood standards. It’s large enough for a decent backyard and standard outdoor activities, but you won’t have the sprawling lawn or extra space for major additions that some neighbouring properties offer. If gardening or outdoor entertaining is a priority, this lot may feel constrained. If you’re after a manageable yard with less upkeep, it’s a good fit.
5. Is this home a good investment compared to others in Windsor Park?
The property sits near the middle of the pack for assessed value within the neighbourhood, which suggests it’s priced fairly relative to local comps. The newer-than-average build year is a structural plus—you’re getting a home that’s likely to have more modern construction standards than many nearby houses. On the other hand, the below-average square footage and lot size mean appreciation may trail the top end of the market. For steady, reasonable returns in a solid area, it’s a sensible candidate; for outsized gains, you’d want more land or a more distinctive location.