Key Characteristics & Buyer Profile

This 1974-built home at 247 Speers Road stands out primarily for its land. The lot measures 10,798 sqft, which places it in the top 1% of its neighborhood (Windsor Park) and the top 5% citywide in Winnipeg. The assessed value of $441k is similarly strong—top 5% on the street and top 2% in the area—reflecting both the land and the home’s relative quality. The living area of 1,280 sqft is above average for the street and neighborhood, but only around average for comparable homes across the city. While the home is newer than most on its street (built in 1974 vs. an average of 1960), it’s roughly mid-range for the city as a whole.

The appeal here is a trade-off: you get a rare large lot in a strong neighborhood, but the house itself is modest in size compared to newer citywide builds. The property would suit buyers who prioritize outdoor space, yard potential, or future redevelopment possibilities over a large interior footprint. It’s also a good fit for someone who values a solid, well-located home in Windsor Park without paying a premium for a completely updated or oversized interior. The rankings suggest this is a home that holds its value relative to its immediate surroundings, even if it’s less flashy citywide.

Five Possible FAQs

1. How does the lot size compare to typical lots in Winnipeg?
   This property is on a notably large lot. It’s in the top 5% citywide, meaning it's nearly 65% larger than the average comparable lot in Winnipeg (6,570 sqft). In the immediate neighborhood, it’s an even bigger standout—in the top 1%.

2. Is the home considered well-built for its age?
   Built in 1974, it's newer than the average home on Speers Road (1960) and in Windsor Park (1961). That said, it's not exceptionally modern for the city overall (average is 1966). You're getting a structure that's about a decade newer than its immediate neighbors, which can mean fewer updates needed to core systems compared to a 1960s home, but it's not a recent build.

3. What does the assessed value of $441k tell me?
   The assessed value is significantly higher than both the street average ($365k) and neighborhood average ($354k). This indicates the property is valued well above its immediate peers. On Speers Road, it ranks in the top 5%, and in Windsor Park, it's in the top 2%. The value is driven heavily by the large lot, not just the house itself.

4. Is this a good area for families or for a quiet lifestyle?
   Windsor Park is a well-established, stable neighborhood. The rankings suggest it's a desirable pocket—this home's assessed value ranks in the top 2% of over 3,300 properties in the area. The large lot offers more privacy and outdoor room than typical infill or newer subdivisions. It suits someone who wants a settled, space-oriented property rather than a brand-new, large-format suburban home.

5. Should I consider this property for future development or renovation?
   The land is the primary asset. With a lot that's elite at every level (street, neighborhood, city), there is potential for an addition, a garage, or even a future subdivision depending on zoning. However, the 1,280 sqft living area is average for the city, so if you need interior space now, be prepared that the house itself may not meet that standard without work. The value is in the dirt, not the structure.