155 Speers Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,265 sqft home built in 1958 on a notably large 8,246 sqft lot in Windsor Park. The property ranks well above average in the neighbourhood for both lot size and assessed value. The lot places in the top 5% locally and top 10% citywide—meaning this is one of the bigger pieces of land in an area where the typical lot is around 6,000 sqft. The assessed value ($404k) is in the top 7% of the neighbourhood and top 20% on the street, reflecting both the size of the lot and the home itself. The living area is above average for the street and neighbourhood, though slightly below the citywide average for comparable homes. The 1958 build date is a bit older than the street and neighbourhood averages, but broadly in line with much of the city.

The appeal here is mostly about the land. A lot of this size in an established, well-ranked neighbourhood like Windsor Park is uncommon. The home itself is solidly mid-century, so a buyer who values space for a garden, a workshop, a future addition, or just room to breathe will find this interesting. It’s less suited for someone looking for a move-in-ready, modernized interior—that work may still need doing. The property would suit a buyer who sees long-term value in the land and is comfortable with an older home, or someone looking to renovate or build later. It’s a practical choice for a family or an investor who prioritizes lot size over a finished, contemporary interior.

FAQs

1. How does the assessed value compare to what I’d actually pay?
Assessed value ($404k) is a municipal figure used for property tax calculations, not a market price. It suggests the property is valued above average in the neighbourhood, but actual sale prices depend on the home’s condition, renovations, and current market demand. The high land ranking may also add a premium that assessment doesn’t fully capture.

2. Is the lot deep enough for a garage or a laneway suite?
At 8,246 sqft, the lot is larger than 90% of properties citywide. That usually allows for more flexibility, but exact zoning rules and setbacks for Windsor Park would need to be checked with the city. The size alone is promising for potential additions, but it’s not a guarantee without a zoning review.

3. Why is the build year ranked lower than the lot and value?
The home was built in 1958, which is older than the average on the street (1960) and in the neighbourhood (1961). Many homes in Windsor Park were built slightly later, so this property ranks lower by age. It’s not unusually old for the city, but within this specific area, newer builds are more common. Older construction can mean good bones, but also potential for updates to insulation, wiring, or plumbing.

4. How does the living area compare to other homes on the street?
At 1,265 sqft, it’s above the street average of 1,149 sqft and well above the neighbourhood average of 1,091 sqft. However, citywide comparable homes average 1,342 sqft, so it’s slightly smaller than what’s typical across Winnipeg. For the street and neighbourhood, it’s a comfortable size.

5. What’s the neighbourhood like for resale value?
Windsor Park ranks in the top 7% of neighbourhoods by assessed value and top 5% by lot size. Historically, areas with larger lots and stable, older housing stock tend to hold value well, especially if land becomes scarcer. The property’s land ranking suggests strong long-term potential, though resale also depends on how well the house itself is maintained.