Key Characteristics & Buyer Profile

211 Speers Road is a 1964-built home with 980 sqft of living space on a notably large 7,812 sqft lot. The property sits below average for living area compared to its street, neighbourhood, and city—ranking in the bottom quarter in each category. Its assessed value of $336,000 also runs below local medians, though it lands closer to average city-wide. Where this home stands out is land: the lot is significantly larger than most in Windsor Park (top 6%) and well above the city average (top 12%), despite being typical for its immediate street.

The appeal lies in the land-to-building ratio. Buyers get a modestly sized house with substantial outdoor space, which is increasingly rare in established neighbourhoods. The structure itself is older but aligns with the area’s build era—slightly newer than the street average, but not unusual. The combination of below-average assessment and above-average lot suggests potential for future value growth through renovation, expansion, or simply enjoying more yard than neighbours have.

This property would suit buyers who prioritize outdoor space over square footage and are comfortable with a smaller home. It’s a practical fit for someone looking to get into a stable middle-ring neighbourhood without paying a premium for interior size. It may also appeal to those considering long-term projects—adding square footage later could bring the house more in line with local norms. It’s less suited to anyone needing move-in-ready spacious interiors or seeking a turnkey home in a higher-value bracket.

Frequently Asked Questions

1. Is the smaller living area a disadvantage for resale?
It depends on the buyer pool. The smaller footprint may limit appeal to families wanting generous indoor space, but the large lot allows for additions. In a neighbourhood where 1,091 sqft is the median, a 980 sqft home isn't drastically off—it’s only 10% smaller. Resale will likely depend on how the yard is used and whether the house is well-maintained.

2. How does the land size affect property taxes?
Tax assessments in Winnipeg consider both land and building value. While the house is valued below average, the larger lot adds to the overall assessment. The current $336,000 figure already accounts for this—being below the city average of $390,000 suggests the land doesn’t inflate taxes disproportionately. Still, lot-based adjustments can shift over time as neighbourhood land values change.

3. What are the risks of buying an older home built in 1964?
This is typical for Windsor Park. Homes of this era may have older electrical, plumbing, insulation, or foundation materials. The building age isn’t a red flag—many homes in the area are similar—but a thorough inspection is wise. The upside is that many of these homes have already been updated by previous owners, so condition varies case by case.

4. How does this property compare to others on Speers Road?
On its own street, the home is below average in size and assessed value, but the lot is right at the median. That means neighbours have similar yard sizes, but most have slightly larger houses. The ranking (84th out of 104 for living area) places it among the smaller homes on the block, so it may stand out if street standards are high.

5. Is Windsor Park a good area for this type of property?
Windsor Park is an established residential area with mostly detached homes and mature lots. The large yard fits the neighbourhood character, while the smaller house is less typical but not uncommon. For someone who values outdoor living, gardening, or potential expansion, the area supports that. It’s a stable, mid-market neighbourhood without the premium pricing of newer subdivisions.