Key Characteristics & Buyer Fit

This is a 1958-built home in Windsor Park, Winnipeg, with 1,087 sq. ft. of living space on a 6,092 sq. ft. lot. Its assessed value is $348,000. Compared to the street, neighborhood, and city averages, the property is generally average in terms of living area and age, but the lot stands out as above-average citywide. The home itself is priced below the street average ($370,000) and the citywide average ($390,100), though it sits close to the neighborhood average ($354,200).

The appeal here is practical rather than flashy. The lot size is a genuine asset—larger than most comparable homes across Winnipeg, which offers room for expansion, gardening, or outdoor living without being oversized. The home’s age (1958) means it’s part of a well-established neighborhood with mature trees and settled streets, not a new subdivision. This property suits buyers who want a solid, no-surprises entry point into a stable area. It’s less for someone seeking a turnkey modern finish or a prime street, and more for a buyer willing to invest sweat equity or renovations into a home with good bones and a generous yard. It would also appeal to someone who values lot size over square footage—a rarer priority in this price bracket.

Five Possible FAQs

1. How does the lot size compare to other homes in the area?
   The 6,092 sq. ft. lot is slightly below average for Coral Crescent (6,614 sq. ft.) but above average for Windsor Park (6,030 sq. ft.) and well above the citywide average for similar homes (6,570 sq. ft.). It ranks in the top 29% citywide, so you’re getting more land than most comparable properties in Winnipeg.

2. Is this home priced fairly given its condition and location?
   The assessed value of $348,000 is below the street average and the citywide average, but roughly in line with the neighborhood. This suggests the home is priced to reflect its slightly smaller living area and older age compared to newer or larger homes nearby. It’s not a bargain, but it’s competitively positioned for its size and lot.

3. What’s the typical buyer for this property?
   First-time buyers or investors looking for a solid, smaller home on a larger-than-average lot. It’s also a fit for someone who plans to add square footage or improve the property over time, since the lot gives room to expand without moving to a pricier area.

4. How does the neighborhood hold up in terms of stability and resale?
   Windsor Park is an established, mid-tier area. The home’s rankings (around average for living area and age in the neighborhood) suggest it’s not an outlier, which can be stable for resale. The below-average assessed value on the street may indicate it’s one of the more modest homes on Coral Crescent, so future value will depend on upgrades and overall market trends in the area.

5. Should I be concerned about the home being built in 1958?
   Not necessarily, but it’s worth budgeting for older-home considerations like potential updated electrical, plumbing, or insulation. The 1958 build year is average for Coral Crescent, so the street has similar vintage homes. A thorough inspection would clarify what’s been updated and what hasn’t. The age also means you’re likely getting solid construction and larger lot sizes than newer infill homes.