107 Penfold Crescent – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1967 home in Windsor Park offers 1,024 square feet of living space on a 5,777-square-foot lot, with an assessed value of $339,000. The property sits slightly below average for living area compared to other homes citywide and on its own street, but the lot size is competitive—ranking in the top third of Penfold Crescent. The house is one of the older homes in the immediate neighbourhood; Windsor Park has a high concentration of properties built earlier, so this one’s age is actually a distinguishing asset (top 5% in the area), suggesting it may have been well-maintained or updated relative to neighbours.

The home’s appeal lies in its land-to-living-area ratio. For buyers who value outdoor space over square footage, this lot offers more room than many comparables in the city. The assessed value is modest for the neighbourhood, which could mean lower property taxes relative to nearby homes. However, the below-average living area and valuation on the street itself may indicate that this is a smaller or more original-condition house than others directly around it.

This property would suit buyers who are comfortable with a smaller interior but want a decent-sized lot—first-time homeowners looking to build sweat equity, downsizers who prioritize yard space over indoor square footage, or investors targeting a neighbourhood with older housing stock where lot-splitting or future redevelopment might be possible (depending on local zoning). It’s less ideal for someone seeking a turnkey home with generous living space.

Frequently Asked Questions

1. How does this home compare to others on Penfold Crescent?
It ranks near the bottom for living area (85th percentile) and assessed value (87th percentile), but in the top third for lot size. The house is about average in age relative to the street. In short, the lot is the standout feature here.

2. What does “Top 5% in Windsor Park” mean for year built?
It means most homes in Windsor Park are older than this one—the neighbourhood average is 1961. A 1967 build is considered newer in that context, which can be a plus if you want a home that’s not among the oldest in the area.

3. Is a $339,000 assessment a good deal for this area?
The average assessed value in Windsor Park is roughly $354,000, so this home comes in below that. Whether it’s a good deal depends on condition—if it needs significant updates, the lower assessment may offset renovation costs.

4. How does the living area affect resale value?
Smaller homes often appeal to a narrower buyer pool, but they can also be more affordable to heat, maintain, and insure. In a neighbourhood where the average home is larger, resale may take longer unless the lot or location compensates.

5. Are there any zoning or development considerations with a 5,777 sqft lot?
You’d need to check Winnipeg’s zoning bylaws directly, but lots of this size in established neighbourhoods sometimes allow for infill housing, secondary suites, or lot subdivision. This is something to investigate before purchase if long-term flexibility matters.