Key Characteristics & Buyer Fit

This is a 1,664 sqft home on Penticton Bay in Winnipeg’s Windsor Park neighbourhood, built in 1964 on a 5,779 sqft lot. The property’s standout feature is size: it ranks in the top 2% for living area within the local community and top 4% on its street. That’s a genuine advantage in a market where most comparable homes in the area hover around 1,100–1,200 sqft. The lot itself is slightly above average for the street but close to typical for the neighbourhood and city.

Its assessment value (the basis for property tax) is essentially average in all comparisons—slightly below the street average of $366K, slightly above the community average of $354K, and well below the city average of $390K. The home was built in 1964, which puts it among the newer homes on the street but near the median citywide. So you’re getting significantly more interior space than most nearby homes, without a proportional jump in assessed value.

Who it suits

This would appeal most to buyers who prioritize square footage over lot size or a low tax assessment. It’s a practical fit for someone who wants room to spread out—a growing family, someone needing a home office or hobby space, or a buyer who sees the larger footprint as a value that isn’t fully reflected in the tax valuation. The location on a relatively quiet bay in Windsor Park also suits buyers looking for a stable, established residential area without premium price tags. It’s less suited to someone who wants a large yard or a newer build without renovation potential.

Frequently Asked Questions

1. Is the “top 2% for living area” a meaningful comparison, or just marketing?
It’s meaningful within the local context. Windsor Park is a mid-century neighbourhood with many homes in the 1,000–1,200 sqft range. Being 500+ sqft larger than the community average is a real difference—you’re unlikely to find many other homes on this street or in the immediate area with comparable interior space at a similar assessed value.

2. Why is the assessment value average if the house is larger than most?
Assessed value is based on a combination of factors: living area, lot size, condition, age, and recent sales of comparable properties. The home’s age (1964) and lot size (close to average) likely balance out the extra square footage. Also, larger homes don’t always command proportionally higher assessments if the extra space is finished in a way that’s typical for the era rather than upgraded.

3. How does the 5,779 sqft lot compare to what’s typical for Windsor Park?
It’s almost exactly average for the community (average is 6,030 sqft) and slightly below the street average (6,057 sqft). The lot is in the top 28% on the street, meaning it’s a bit bigger than many neighbours, but not unusually so. It’s a standard suburban lot—enough for a yard, garden, or shed, but not oversized.

4. What should I consider about a home built in 1964?
It depends on what’s been updated. Homes of that era often have original mechanical systems, windows, or insulation unless replaced. The fact that it’s newer than most homes on the street (top 4%) is a relative advantage, but a 1964 build still means you should budget for potential updates to wiring, plumbing, or roofing. It’s worth checking whether major systems have been modernized.

5. Does the average tax assessment mean I’ll pay less property tax than on similar-sized homes?
Potentially, yes—property tax is based on assessed value, not square footage. If a newer or larger home elsewhere in the city is assessed at $400K+, this one’s lower assessment ($352K) could mean a noticeably lower tax bill. But assessment values change over time, so this gap might narrow if the market reassesses larger homes in the area upward.