95 Trafford Park

95 Trafford Park – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,114 sqft home built in 1976 on a compact 1,590 sqft lot. Its standout feature is the build year: it’s ranked #1 on the street for being the newest home, and is significantly newer than the neighborhood average of 1962. The living area is above average for the street (top 30%), but the lot size is small—below average at every level, especially compared to the neighborhood (average 7,831 sqft) and citywide (average 6,570 sqft). Assessed value is $235k, which sits around average for the street but well below the neighborhood ($315k) and city ($390k) averages.

The appeal lies in getting a newer home in an older-established area without paying a premium for a large yard. The low assessed value relative to the neighborhood also suggests potential for lower property taxes compared to nearby homes. It’s a practical, lower-maintenance property for someone who values a more recent build and interior space over outdoor footprint.

Best suited for a first-time buyer, a downsizer, or an investor looking for a newer, efficiently sized home in a built-up neighborhood. It’s less ideal for families who need a large yard or for buyers seeking a property with strong lot-value appreciation potential.

Frequently Asked Questions (FAQs)

1. Why is the lot size so small compared to the neighborhood average?
The Worthington neighborhood has many older homes on generous lots (averaging over 7,800 sqft). This property was built later (1976) on an infill or subdivided lot, which is common in mature areas where land was split for new construction. It’s a deliberate trade-off: a newer house on a compact site.

2. How does the assessed value of $235k compare to similar homes in the area?
It’s below the neighborhood median by about $80k. This likely reflects the smaller lot size and possibly modest finishes compared to older, larger homes. It could mean lower property taxes, but it also suggests the property may not appreciate as quickly as higher-valued neighbors.

3. Is the living area of 1,114 sqft considered small for the street?
No. It’s above the street average of 1,137 sqft, ranking in the top 30%. On Trafford Park, this is a slightly larger-than-typical home. It’s the lot size, not the house size, that differs from most nearby homes.

4. What condition or updates might be expected for a home built in 1976?
At roughly 48 years old, original systems (roof, furnace, windows) may have been replaced or may be due. A 1976 build is newer than many in the area, so it may have more modern construction standards. A home inspection is recommended to confirm the condition of major components.

5. How does this property compare to others citywide in Winnipeg?
It ranks near the middle or lower end citywide on most metrics: living area is around average, assessed value is below average (top 86%), and lot size is near the bottom (top 100%). It’s a modest, efficient home rather than a standout in any category except build year.