171 Penfold Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1989-built home on Penfold Crescent offers 1,456 square feet of living space on a compact 4,185-square-foot lot. Its standout feature is relative newness: it ranks in the top 1% of homes by year built across the entire Windsor Park neighbourhood, where most properties date from the early 1960s. The living area is above average for both the street and neighbourhood, and the assessed value of $414,000 places it in the top 5% locally—though it sits closer to the citywide average.

The appeal here is practical rather than flashy. Buyers get a newer home in an established area without the premium typically attached to new-build suburbs. The smaller lot (bottom 2% on the street) means less yard maintenance, which suits those who want outdoor space without the upkeep of a full-size Winnipeg lot. The property would work well for a family or professional looking for a move-in-ready home in a mature neighbourhood, or for someone downsizing from an older, larger house who still wants modern construction and efficient layout. It may also appeal to buyers who value neighbourhood character and walkability over a big backyard.

Frequently Asked Questions

1. Why is the assessed value high for the neighbourhood but average citywide?
Windsor Park’s housing stock is older and generally more affordable than newer areas. This home is significantly newer than most in the neighbourhood, which raises its assessed value locally. Across Winnipeg, newer homes are common, so the value sits near the city median.

2. Is a 4,185-square-foot lot unusually small?
Yes, by local standards. Most homes on Penfold Crescent have lots around 5,800 square feet, and the neighbourhood average is over 6,000. If you’re used to city lots in older areas, this will feel compact. For someone coming from a newer subdivision, it may actually feel typical or even generous.

3. How does the year built affect insurance or maintenance?
Newer construction often means updated electrical, plumbing, and insulation standards, which can lower insurance premiums and reduce immediate repair costs. However, the home is now 35 years old, so major systems like the roof or furnace may be approaching replacement age depending on when they were last updated.

4. Does the smaller lot limit future expansion?
Potentially. Adding a garage, suite, or large deck may be more constrained than on a standard lot. Zoning and setback rules will ultimately determine what’s possible, but the limited land area leaves less room for major additions without sacrificing yard space.

5. How does this property compare to newer suburban homes in the same price range?
Newer suburban homes at this price point often offer larger lots and square footage, but usually in less established neighbourhoods farther from the core. This property trades land size and absolute newness for a more central location, mature trees, and proximity to amenities that older areas typically have.