72 Canberra Road – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,000-square-foot bungalow, built in 1960, sits on a 3,315-square-foot lot in Winnipeg’s Windsor Park neighbourhood. Its most notable feature is the assessed value relative to the street: at $261,000, it ranks in the top 28% of homes on Canberra Road, outperforming the street average of $252,800. The land itself is also a relative asset locally—ranking in the top 23% on the street—though both lot size and living area fall well short of neighbourhood and city medians.
The appeal here is subtle. It’s a home where the value proposition is strongest at the immediate street level: you’re getting more assessed value per square foot than many neighbours, and a lot that’s slightly above average for the block. But zoom out to the Windsor Park area or Winnipeg broadly, and the numbers tell a different story—living area, land size, and assessed value all rank below average. The year built (1960) is typical for the street and the neighbourhood, slightly older than the city median (1966).
This property would suit a buyer who prioritizes being at the higher end of value on a specific street rather than competing with larger lots or newer homes citywide. It could work well for someone looking for a starter home in an established neighbourhood, or an investor targeting a property with decent street-level value that might benefit from modest renovations. It may be less appealing to those seeking space or land area, or to buyers comparing against newer or larger homes elsewhere in the city.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
The 1,000-square-foot living area is below the street average (1,085 sqft) and well below both the neighbourhood average (1,091 sqft) and the citywide average for comparable homes (1,342 sqft). It ranks in the bottom 12% on Canberra Road.
2. Is the property overvalued compared to its neighbours?
Not really—it actually sits slightly above the street average in assessed value ($261,000 vs. $252,800) and ranks in the top 28% on Canberra Road. However, relative to the broader neighbourhood ($354,200 average) and city ($390,100 average), it’s below average.
3. What’s the deal with the land size?
The lot is 3,315 sqft, which is slightly below the street average (3,420 sqft) but still ranks well on the block (top 23%). That said, it’s dramatically smaller than the typical Windsor Park lot (6,030 sqft) and city lot (6,570 sqft), both of which are almost double the size.
4. How old is the house, and how does that stack up?
Built in 1960, which is typical for the street (average also 1960) and the neighbourhood (average 1961). It’s slightly older than the citywide average for comparable homes (1966), but not by much. Age alone shouldn’t be a major concern, though maintenance history would matter.
5. What’s the main advantage of buying this home?
The most obvious edge is its street-level value: you’re getting a property that’s assessed higher than most of its immediate neighbours, on a lot that’s also above average for the block. If you care most about where you stand relative to the homes right around you, rather than the broader market, that’s a meaningful plus.