5 Newark Road, Winnipeg – Property Summary
Key Characteristics & Ideal Buyer
This is a 1,495 sqft home built in 1962 on a 5,410 sqft lot. Its standout feature is the living area, which ranks in the top 5% on the street and top 4% in the Windsor Park neighbourhood. The assessed value sits at $369,000, which is around average for the street, neighbourhood, and city. The lot is noticeably smaller than neighbours—in the bottom 5% on the street—which is an important trade-off.
The appeal lies in getting a larger-than-usual interior without paying a premium for extra land. Most homes on Newark Road and in Windsor Park have less living space, so this property feels spacious inside relative to its surroundings. It suits buyers who prioritize square footage over yard space—families who want room to spread out, or someone who prefers a lower-maintenance lot. It’s less suited for those wanting a big garden, garage expansion space, or a property that stands out for land value.
Five Possible FAQs
1. How does the 1962 build hold up compared to newer homes in the area?
The house is older than the citywide average (1966) but newer than most on its street and in the neighbourhood, where the average build year is 1961. It’s not modern, but it’s on the newer side for this pocket of Windsor Park.
2. Is the assessed value a good deal for the size?
At $369,000, it’s slightly below the street average ($370,400) and well below the citywide average for comparable homes ($390,100). Given the above-average living area, it offers more interior space per dollar than many nearby properties.
3. Why is the lot ranked so low despite the house being large?
The lot size (5,410 sqft) is small relative to the street and neighbourhood averages (around 6,500 sqft). The builder likely prioritized a bigger footprint over land—common in subdivisions from that era where interior space was the selling point.
4. What’s the neighbourhood like in terms of home values?
Windsor Park is around average for Winnipeg overall. Property values here are stable but not rapidly appreciating, likely because the area is well-established with older homes. The property’s assessed value is slightly above the neighbourhood average ($354,200).
5. Should I be concerned about the land being in the bottom 5% on the street?
Only if you need extra yard space or plan expansions. The smaller lot keeps the price down and reduces upkeep. For most buyers, the premium living area offsets it—just don’t expect a sprawling backyard.