27 Peterboro Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1963 home with 1,344 sq ft of living space on a notably large 10,474 sq ft lot. The lot is the standout feature: it ranks within the top 2% on its street, top 1% in the Windsor Park neighbourhood, and top 5% citywide in Winnipeg. In practical terms, that means significantly more outdoor space than most comparable homes in the area—useful for gardening, storage, additions, or simply having room to breathe.

The house itself is around average for its street and city in terms of assessed value ($367K) and age. Living area is above average for the neighbourhood (top 9%) but roughly average citywide. So the property offers a solid, mid-sized home with an exceptional lot, rather than a particularly large or recently updated house.

Who it suits: Buyers who prioritize outdoor space and land value over interior finish or modern construction. It’s a strong fit for someone looking to renovate or build, given the generous lot. Also suitable for families who want yard space in a established neighbourhood without paying a premium for a fully updated interior. Less suited for those seeking a turnkey modern home or a compact low-maintenance property.

Five Possible FAQs

1. Is the house itself outdated?
The home was built in 1963, which places it around the median age for the city. The data doesn’t include renovation history, so you’d need to inspect finishes, systems, and layout in person. But the assessed value suggests it’s not significantly above average for the area—meaning upgrades may be modest or the home may reflect its era.

2. Why is the land value so high relative to the house?
Large lots in established neighbourhoods like Windsor Park are increasingly rare. The lot is nearly double the average size on the street and over 60% larger than the citywide average for comparable homes. That scarcity drives land value, even if the house itself is more ordinary.

3. How does the assessed value compare to similar homes nearby?
At $367K, it’s slightly below the street average ($371.4K) but above the neighbourhood average ($354.2K). Citywide, it sits in the middle of the pack (top 48%). So it’s reasonably priced for what you get—especially considering the lot.

4. Could I build a second unit or subdivide?
The lot is large enough that it may allow for a secondary suite, a garage addition, or even subdivision, depending on local zoning. You’d need to check Winnipeg’s bylaws for the Windsor Park area, but the land size certainly opens up possibilities that a typical lot wouldn’t.

5. How does this home compare to others within a few blocks?
It ranks top 1% in the neighbourhood for lot size and top 9% for living area, so it’s larger on both fronts than most nearby homes. However, the assessed value is only top 34%—meaning you’re getting above-average space without paying a top-tier price. That’s the core value proposition here.