11 Penfold Crescent – Property Summary

Key Characteristics & Buyer Fit

This 1967 bungalow in Windsor Park offers 1,360 sq. ft. of living space on a 5,775 sq. ft. lot, with an assessed value of $408,000. Its strongest standout is the neighborhood-level performance: the property ranks in the top 8% for living area and top 6% for assessed value within Windsor Park, meaning it’s both larger and more valuable than most nearby homes. The year built (1967) also places it in the top 5% for the area—suggesting a well-maintained home from a solid vintage, rather than a newer build.

On the street itself (Penfold Crescent), the home is above average for size but roughly average for lot size and year built. Citywide, it sits near the middle of the pack across most metrics. The land area (5,775 sq. ft.) is slightly below the neighborhood average, so outdoor space is modest but functional for a standard city lot.

Appeal lies in the combination of interior space and neighborhood value. Buyers get a home that feels generous in square footage without paying a premium for a massive lot. The assessed value suggests strong equity relative to surrounding properties—useful for resale or refinancing down the line.

Best suited for: Families or couples who want more interior room than typical for the area, and who value a stable, older neighbourhood with established homes. It would also suit someone looking for a property that already ranks well locally, reducing the need for major upgrades to keep pace with the market. Not ideal for buyers seeking a large yard or a recently built home.

Frequently Asked Questions

1. How does the living space compare to other homes in Winnipeg?
   Above the citywide median by about 18 sq. ft., but well above average for Windsor Park specifically. The home is larger than roughly 62% of comparable homes citywide and 92% in the neighborhood.

2. Is the assessed value in line with what I’d actually pay?
   Assessments are a market proxy, not a sale price. At $408k, it’s above the street average ($389.9k) and well above the neighborhood average ($354.2k), suggesting it’s already valued as a premium property within Windsor Park. Actual sale price will depend on condition, upgrades, and demand.

3. Why does the lot size rank lower than the living area?
   The house itself is spacious relative to the land it sits on. That’s common for older infill or well-designed bungalows—you get more interior square footage per square foot of land. Good if you want room inside without paying for extra yard you may not use.

4. Is a 1967 home likely to need major work?
   It depends on upkeep. Homes from that era often have solid construction but may need updates to plumbing, electrical, insulation, or windows. The property’s strong ranking for year built within the neighborhood suggests it’s in better shape than many nearby homes of similar age, but a home inspection is recommended.

5. What does “Top 5% for year built” actually mean for resale?
   It means very few homes in Windsor Park were built more recently than this one. That can be a selling point if the home has been well maintained and updated—it’s not a fixer-upper from the 1950s, but it’s also not a brand-new build. Buyers who want modern systems without a modern price tag may find it appealing.