This is a 1,862-square-foot home built in 1958 on a 5,033-square-foot lot in Winnipeg’s Windsor Park neighbourhood. Its standout feature is size and value relative to the immediate area. While the house is roughly average for its own street (only two homes compared), it ranks in the top 1% of the neighbourhood for both living area and assessed value. The assessed value of $482,000 is significantly above the neighbourhood average of $354,200, reflecting a home that offers considerably more square footage than most nearby properties. Citywide, it sits in the top 15% for living area and top 23% for assessed value.
The appeal here is space and relative value within a specific pocket. Buyers who want a larger-than-typical home in a well-established neighbourhood—without moving into a newer subdivision—will find this property stands out. It suits someone who values interior square footage over lot size (the land is below average for Windsor Park) and doesn’t mind a home built in the late 1950s. The house is likely a solid candidate for updating or renovating, given its age and the premium its size commands locally. It may also appeal to buyers looking for a property with strong neighbourhood-level scarcity: homes this big in Windsor Park are rare.
-
How does the living area compare to other homes in Windsor Park?
This home’s 1,862 square feet places it in the top 1% of the neighbourhood, where the average is just 1,091 square feet. It is roughly 70% larger than a typical Windsor Park home.
-
Is the assessed value of $482,000 in line with the home’s market price?
Assessed value is a municipal estimate for property tax purposes, not a market valuation. While it suggests the property is valued well above neighbourhood averages, the actual sale price will depend on condition, upgrades, and buyer demand. A home inspection and comparable sales analysis are recommended.
-
Why is the land area below average for the neighbourhood?
The lot is 5,033 square feet, while the Windsor Park average is 6,030 square feet. This is common for homes with larger-than-average floor plans—more square footage is often achieved by building on a smaller lot. Buyers who prioritize yard space may want to view the property in person.
-
What does the “Top 1%” ranking for assessed value actually mean?
Out of 3,307 comparable homes in the Windsor Park area, only 20 have a higher assessed value. This indicates the property is in a very small minority of high-value homes locally, likely due to its size rather than any recent renovations (which would be reflected in the assessment if permitted).
-
Is a 1958 home likely to need major updates?
Yes, most homes of this era will have aging systems (electrical, plumbing, heating) and possibly original windows or insulation. The year-built data shows the home is older than the citywide average (1966) and neighbourhood average (1961). A pre-purchase inspection by a qualified contractor is strongly advised, especially for the roof, foundation, and mechanical systems.