Property Summary

Key Characteristics & Buyer Profile

This is a 972-square-foot home built in 1989 on a 4,200-square-foot lot in Windsor Park, Winnipeg. The property is positioned at the smaller end of the scale: its living area ranks in the bottom 23% citywide, its land area in the bottom 29%, and its assessed value of $299,000 sits in the bottom 29% as well. The year built is a standout feature—1989 puts it in the top 1% for its neighbourhood and top 23% citywide, meaning it’s newer than most homes in Windsor Park and many across Winnipeg.

The appeal here is less about space and more about condition and timing. A buyer gets a relatively modern structure in an area where many homes are older, which can mean fewer immediate updates and better insulation, wiring, and foundation standards than a 1950s or 1960s bungalow. The smaller footprint also suggests lower utility and maintenance costs, and the assessed value is modest enough that it could work for a first-time buyer, a downsizer, or someone who prioritizes location and build quality over square footage. It’s not a family home for someone needing extra bedrooms or a large yard—it suits a single person, a couple, or an investor looking for a lower-entry point in a solid, established neighbourhood.

Five Possible FAQs

1. The square footage is below average—does that mean the rooms feel cramped?
Not necessarily. Many smaller homes from the late 1980s are laid out more efficiently than older homes of the same size, with better use of hall space and storage. It’s worth checking the floor plan in person: some 972-square-foot homes feel open depending on whether there’s an unfinished basement or a split-level design that adds visual space.

2. Why is the assessed value low compared to other homes in Windsor Park?
Assessed value reflects a combination of size, age, condition, and recent sales in the area. This home is smaller than the neighbourhood average (1,091 square feet) and sits on a smaller lot (4,200 square feet compared to typical lots in Windsor Park), which pulls the value down. It doesn’t necessarily mean the home is in poor shape.

3. Would this property be a good rental investment?
Possibly. Windsor Park is a well-established area with steady demand from renters who want a quieter residential street without being far from amenities. A smaller, newer home can mean lower vacancy risk if the rent is priced below larger units in the area. However, the smaller size limits the tenant pool to singles or couples, so a rent-to-value ratio should be run with realistic local comparables.

4. What should I look out for with a 1989 build?
Homes from the late 1980s are generally solid, but watch for original mechanical systems—furnace, water heater, roof—that may be reaching the end of their lifespan. Also check for any signs of polybutylene plumbing, which was used in some Canadian homes around that time. The good news: the electrical system is likely modern enough to handle today’s loads, and the foundation age should be more consistent than in much older homes.

5. How does the lot size affect resale value?
Smaller lots can limit resale appeal to buyers who want a large garden or room for an addition. But they also mean less yard work and lower property taxes. In a neighbourhood like Windsor Park, where lot sizes vary considerably, a smaller lot can actually be a selling point for older couples or young professionals. The key is whether the house is priced to match its lot—this one appears to be, given its assessed value.