61 Heather Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,042-square-foot home built in 1959, sitting on a notably large 6,792-square-foot lot. The property stands out most for its land: it ranks in the top 13% on its street, top 15% in the neighbourhood, and top 19% citywide for lot size. That’s a meaningful advantage in an area where average lots run closer to 5,400–6,000 square feet.
The living area is on the smaller side—below average across all three comparison levels—and the assessed value ($325,000) hovers near the median for the street but trails both the neighbourhood and city averages. The house itself is slightly older than many nearby homes, though not dramatically so.
Where the appeal lies: The value here is in the land, not the house. A larger lot in a well-established neighbourhood like Windsor Park offers room for expansion, a garage addition, a shop, or a substantial garden—things tighter urban lots don’t allow. For someone looking to renovate or rebuild, the property essentially offers a good piece of dirt at a price that reflects the existing home’s modest size and age.
Who it would suit: Buyers who plan to stay for a while and want space to grow into—literally. First-time buyers willing to take on some updating, or investors looking for a teardown or major renovation candidate in a stable area. It’s less suited for someone wanting a move-in-ready home with generous interior square footage.
Five Possible FAQs
1. How does the lot size compare to typical homes in Windsor Park?
The lot is 6,792 square feet, which is larger than about 85% of homes in the neighbourhood. Most comparable properties in the area sit on roughly 6,000 square feet or less. That extra 700–800 square feet can make a real difference for outdoor use or future development.
2. Is the assessed value of $325,000 a fair market reflection?
It’s close to the street average ($330,500) and below the neighbourhood average ($354,200). Assessed values are a lagging indicator, but this suggests the home is priced in line with its size and condition—not inflated by its larger lot, at least not yet.
3. What should a buyer be aware of regarding the home’s age?
Built in 1959, so expect systems that may be original or near end-of-life: furnace, electrical, plumbing, windows, roof. A thorough inspection is wise. The age also means the home likely has a simpler layout and smaller rooms, which some buyers prefer and others find limiting.
4. Could this property support a second dwelling or a laneway suite?
That depends on Winnipeg’s current zoning and by-laws for the Windsor Park area. The lot size is generous by local standards, so it may exceed minimum requirements, but buyers should confirm allowable uses with the city before assuming anything.
5. How does the living area affect resale potential?
At 912 square feet, it’s below average at every level—street, neighbourhood, and city. That can limit the pool of future buyers, especially families. However, if the larger lot allows for an addition, the resale ceiling could be higher than the current square footage suggests.