55 Trafford Park – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1,266 sqft home built in 1976 on a 2,028 sqft lot, with an assessed value of $242,000. The property ranks exceptionally well on its street for both living space and construction year—coming in at #1 out of 44 homes for each. The living area is roughly 11% larger than the street average, and the home is tied for the newest build on the block. However, the assessed value sits slightly below the street average ($248.2k) and well below citywide and neighborhood medians. The land area is notably small, especially by neighborhood and city standards: it ranks in the bottom 6% locally and the bottom 1% citywide.
The appeal here is straightforward for a specific type of buyer: someone who values a newer, above-average-sized home on a quiet, well-ranked street, and who is not prioritizing a large yard or high resale value relative to the surrounding area. This property would suit a first-time buyer or downsizer looking for a move-in-ready home with efficient indoor space, or an investor targeting a street where the home’s specs stand out relative to neighbors. The trade-off is clear—decent interior, tight lot, modest valuation. Buyers should be comfortable with a compact urban footprint and recognize that the land itself carries less value than the structure.
Frequently Asked Questions
1. Why is the assessed value lower than the street and neighborhood averages when the home is newer and larger than many nearby?
Assessed value reflects market factors beyond just size and age—including location specifics, recent sales of comparable properties, and lot characteristics. Here, the very small land area and the home’s position in a lower-value pocket of the neighborhood likely pull the assessment down, even though the house itself is competitive on the street.
2. How should I think about the land area being in the bottom 1% citywide?
Winnipeg has many large-lot properties, particularly in suburban and older neighbourhoods. A 2,028 sqft lot is more typical of a townhouse or infill-style property. This matters if you want outdoor space, gardening, or future expansion—but if you prefer a low-maintenance yard, this could actually be a plus.
3. Is this a good investment property?
It depends on your strategy. The home ranks well on its own street, which may help with resale to buyers who want a “best on the block” interior. But the low land value and average-to-below-average citywide ranking suggest less upside from appreciation tied to the lot. Cash flow might work depending on rental demand in Worthington, but don’t expect land-driven gains.
4. How does the year built (1976) affect maintenance and renovations?
A 1976 build is now nearly 50 years old, but it’s newer than most homes in the neighbourhood (average 1962) and the city (average 1966). Systems like plumbing, electrical, and insulation may be original or updated—buyers should inspect accordingly. The advantage is that construction standards from the mid-70s are generally better than much older stock, but it’s not new enough to assume modern efficiency.
5. What does “Top 2% on the street” for living area actually mean in practical terms?
It means this home has one of the largest floor plans among the 44 homes on Trafford Park. For daily living, that translates to more interior breathing room—bigger rooms, more storage, or better layout options compared to your immediate neighbours. It does not mean the home is large by city standards (it’s actually slightly smaller than the citywide average of 1,342 sqft).