472 Speers Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1962-built single-family home in Winnipeg’s Windsor Park neighbourhood, with a living area of 1,096 sqft on a notably large 8,251 sqft lot. The property’s strongest asset is the land: it ranks in the top 5% within the community and the top 10% citywide for lot size, which is uncommon for this area and suggests potential for future expansion, gardening, or outdoor use. The assessed value (property tax base) of $395,000 is above both the street and community averages, reflecting the land premium. The house itself is mid-range in age compared to surrounding homes, and its living area is close to the local average but slightly below the citywide norm. This combination makes the property appealing to buyers who prioritize outdoor space and a stable, established neighbourhood over a move-in-ready or maximally updated interior. It would suit families looking for room to grow, buyers interested in a renovation project with long-term value, or anyone seeking a larger lot in a mature part of Winnipeg without stepping into a higher price bracket.

Frequently Asked Questions

1. How does this home compare to others on Speers Road in terms of value?
The assessed value is above the street average, ranking in the top 24% out of 104 homes. That premium is largely driven by the large lot, which is well above typical sizes for the area. Buyers should expect to pay for the land more than the house itself.

2. Is the living space considered small or average for the neighbourhood?
At 1,096 sqft, it’s close to the community average of 1,091 sqft, ranking in the top 35%. It’s not unusually small for Windsor Park, but it is smaller than the citywide average of 1,342 sqft, so buyers accustomed to newer or larger suburban homes may find it compact.

3. What are the implications of the 1962 construction date?
The building is roughly average age for the street and slightly older than the citywide median. This means systems (roof, furnace, windows, plumbing) may be original or near end of life, and inspections are recommended. However, many homes from this era in Winnipeg are structurally sound and have good bones for renovation.

4. Does the large lot affect property taxes significantly?
Yes—the assessed value is above average for both the street and community, and property taxes are based on that assessment. Buyers should budget for higher annual taxes compared to similarly sized homes on smaller lots in the area.

5. What type of buyer would benefit most from this property?
Someone looking for a property with development potential, a large yard, or the ability to renovate over time. It’s less suited for someone wanting a fully updated, turn-key home unless they’re comfortable with updating older finishes and systems.