18 Alderwood Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1955 bungalow in Winnipeg’s Windsor Park neighbourhood with 892 sq. ft. of living space on a 5,005 sq. ft. lot, assessed at $310,000. Its most distinctive feature is the build year: it’s the oldest house on Alderwood Road, built in 1955 (ranked #1 out of 35 on the street). That’s a meaningful detail for buyers who value original character, solid postwar construction, or a street where every other house was built the same year. The living area is above average for the street (ranked #10 of 35), but below average for both the neighbourhood and the city—meaning it’s compact compared to newer or larger homes nearby. The lot is on the smaller side relative to the area, and the assessed value sits slightly below the street average but close to the citywide median. The appeal here is less about spaciousness and more about affordability and authenticity: this property avoids the premium paid for bigger square footage or newer builds in the neighbourhood. It would suit a first-time buyer, a downsizer who prioritizes a manageable footprint, or someone willing to invest in updates for a home that isn’t competing on size or value with surrounding properties.

Five Possible FAQs

1. Does the older build year mean the house is in poor condition?
Not necessarily. Being the oldest on the street (#1 out of 35) suggests it’s a survivor from the initial development phase of the area. Many homes from 1955 have solid frames and good bones, but specific condition depends on maintenance history. A home inspection is the only reliable way to assess.

2. How does the living area compare to similar homes in Winnipeg?
The 892 sq. ft. is below the citywide average of 1,342 sq. ft. for comparable homes (top 84%). It’s also smaller than the Windsor Park neighbourhood average of 1,091 sq. ft. (top 92%). If you need more space, this isn’t it—but the compact layout often means lower utility costs and less upkeep.

3. Is the assessed value of $310,000 reasonable for this street?
Yes. The street average is $327,400, so this property is priced slightly below that, while still being close to the citywide median. It ranks #28 out of 35 on Alderwood Road, which suggests it’s one of the more affordable options in the immediate area—good for buyers watching their budget.

4. Is a 5,005 sq. ft. lot small for Winnipeg?
It’s below the neighbourhood average (6,030 sq. ft.) and the street average (5,487 sq. ft.), but not unusually small. It ranks around the 54th percentile citywide, meaning it’s fairly typical for older urban lots in the city. You’ll have a manageable yard without the maintenance of a larger property.

5. What does “top 29%” for living area on the street actually mean?
Out of 35 comparable homes on Alderwood Road, this property has a larger living area than 71% of them—only 10 homes on the street are bigger. So while it’s small by neighbourhood or city standards, it’s actually one of the roomier options on its own street. That can matter if you like the location but want a bit more interior space than your immediate neighbours.