Property Summary: 476 Speers Road, Winnipeg
Key Characteristics & Appeal
This 1953-built home in Windsor Park presents a compelling value proposition centered on its generous, above-average lot. While its 912 sqft living area is modest compared to local and city averages, the property’s true standout feature is its 9,060 sqft land area, which ranks in the top 3% of the neighborhood. This offers significant outdoor space and potential not commonly found. The assessed value is consistently around the average for its street, neighborhood, and city, suggesting a stable and fairly priced entry point into the market.
The appeal lies in the opportunity it represents: a home with a smaller, manageable footprint on a much larger-than-typical lot. It perfectly suits first-time buyers, downsizers, or value-oriented investors seeking land they can grow into, whether for gardening, expansion, or future redevelopment. Its older vintage may appeal to those interested in character homes with renovation potential, balanced by the practicality of a lot that already outperforms most in the area.
Frequently Asked Questions
1. Is the living space too small?
The living area is below average for the street, neighborhood, and city. However, this contributes to the home's accessibility and lower maintenance, making it ideal for those who prioritize generous outdoor space over a large interior.
2. What does the "Elite" land ranking mean for me?
Ranking in the top 3% for lot size in Windsor Park means you are getting a property with rare outdoor potential. This could allow for additions, a large garden, recreational space, or simply more privacy than most nearby properties offer.
3. How does the assessed value compare?
At $360k, the assessment is very close to the street average ($365.1k) and neighborhood average ($354.2k), and is below the city average. This indicates the property is priced in line with its immediate area, with the lot size providing a unique value boost not fully captured by the standard assessment.
4. As an older home, what should I consider?
Built in 1953, it is older than most on its street and in Windsor Park. Prospective buyers should budget for potential updates to systems like plumbing, electrical, or insulation, common for homes of this era, while also appreciating the classic build quality and character.
5. Who is this property best suited for?
It’s an excellent match for buyers whose vision extends beyond the home’s current walls. It suits those who see value in land and are comfortable with a cozy interior, whether they plan to renovate, expand, or simply enjoy one of the larger yards in the community.