53 Penticton Bay — Property Summary
Key Characteristics & Buyer Profile
This 1,482 sqft home on a 5,772 sqft lot was built in 1962 and is currently assessed at $341,000. Its standout feature is living space. On its street, it ranks in the top 14% for size, and in the broader Windsor Park neighbourhood, it lands in the top 5% — notably spacious for the area. The assessed value, however, sits below the street average and in the bottom third of comparable homes citywide. The land area is slightly smaller than typical for the street, but in line with neighbourhood and city averages. The year built is unremarkable for the street and city, though slightly older than the neighbourhood median.
Where the appeal lies: This property offers above-average square footage in a neighbourhood where many homes are smaller. For a buyer who prioritizes interior space and a solid 1960s build over a premium lot or ultra-modern finishes, it represents a functional, roomier option in a mature Winnipeg neighbourhood. The below-average assessment relative to street and city may also signal relative value in terms of property tax.
Who it suits: Best suited for a family or individual looking for generous living space within Windsor Park without paying a premium for a larger lot or newer construction. Also worth considering for investors or buyers who see potential in a home with good bones and above-average room count or layout, where the price point may be lower than comparable-sized homes on the same street.
Five Frequently Asked Questions
1. How does the living space here compare to other Winnipeg homes?
It’s above average. This home’s 1,482 sqft is larger than roughly two-thirds of comparable homes citywide, and it’s in the top 5% of homes in Windsor Park. Its street is one of the roomier ones in the neighbourhood.
2. Is the assessed value low for a reason?
The $341,000 assessment is below the street average of $365,600 and well below the citywide average for comparable homes. This likely reflects the smaller lot size and older construction relative to newer or larger-lot homes nearby, rather than any major deficiency. It could mean lower property taxes than similar-sized homes in the area.
3. What’s the lot like compared to others on the street?
At 5,772 sqft, the lot ranks in the bottom 16% on Penticton Bay — it’s smaller than most of its immediate neighbours. But it’s still within the normal range for Windsor Park as a whole. If yard space is important, it’s worth checking the actual dimensions and layout.
4. Is the building age a concern?
Built in 1962, this home is typical for the area. It’s slightly older than the Winnipeg average for comparable homes (1966), but younger than the median for its neighbourhood (1961). Most homes in Windsor Park date from this era, so builders, materials, and maintenance expectations are well understood locally. A pre-inspection is always wise for a home of this vintage.
5. How does this property compare to others in Windsor Park overall?
It’s a spacious home in a neighbourhood of mostly smaller houses. The living area is a clear strength. The assessed value and lot size sit around the neighbourhood average, meaning it’s not overpriced relative to its surroundings but doesn’t offer exceptional land either. It’s best viewed as a solid, roomy mid-century house in a stable area, rather than a standout in terms of lot or prestige.