34 Alderwood Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1955-built home on a generous 6,001 sqft lot in Windsor Park, Winnipeg. The living area is 753 sqft, which is smaller than average for the street, neighbourhood, and city. On Alderwood Road, it ranks 27th out of 35 homes for size; across Windsor Park, it sits in the 99th percentile for smallest living areas. The assessed value is $316,000—close to the street average but below both the neighbourhood and city medians.

Where the property stands out is its lot. At just over 6,000 sqft, it’s in the top 14% on the street and above the neighbourhood average. The build year (1955) is the oldest on Alderwood Road, which may appeal to buyers who prefer an established, character-era home rather than something newer. The combination of a modest footprint with a sizeable yard offers potential for expansion, gardening, or outdoor living—something that’s less common on smaller lots in Windsor Park.

This property would suit buyers who prioritize land over interior square footage: someone who likes the idea of a compact, manageable home with room to spread out outdoors. It may also appeal to those who appreciate the consistency of a mid-century neighbourhood, where homes of this vintage are the norm, rather than the exception. First-time buyers or downsizers looking for single-level living (assuming it’s a bungalow or ranch style) could find it practical, especially if they’re willing to update over time rather than paying a premium for a fully renovated house.

Frequently Asked Questions

1. Why is the living area so small compared to other homes in the area?
Homes in Windsor Park and across Winnipeg have, on average, larger floor plans—841 sqft on this street, 1,091 sqft in the neighbourhood, and 1,342 sqft citywide. This property is on the compact end, which is reflected in its ranking. The trade-off is a larger-than-average lot, so the total footprint (indoor plus outdoor usable space) is actually competitive.

2. Is the assessed value of $316,000 a fair price for this home?
It’s close to the street average ($327,000) but below neighbourhood ($354,000) and city ($390,000) averages. The lower assessed value likely reflects the smaller living area and older construction. That said, the large lot and prime location in Windsor Park add value that may not be fully captured in the assessment. A market appraisal would give a clearer picture.

3. What does it mean that the house was built in 1955?
It’s the oldest home on the street, but that’s not unusual for Windsor Park, where the average build year is 1961. Homes from this era often have solid construction, mature trees, and established landscaping. Potential buyers should budget for updates to systems (plumbing, electrical, insulation) and possibly asbestos in older finishes—standard considerations for a home of this age.

4. How usable is a 6,001 sqft lot in Windsor Park?
It’s above average for the street (5,487 sqft) and close to the neighbourhood average (6,030 sqft). That’s enough space for a large garden, a workshop or shed, kids’ play area, or even a future addition if zoning allows. Many lots in this area are similarly sized, so it fits the character of the neighbourhood without feeling oversized or difficult to maintain.

5. Is this a good investment property?
The combination of a smaller home on a larger lot gives flexibility. The property could be renovated to increase interior value, or the lot could be subdivided or redeveloped if local zoning permits. For a buy-and-hold investor, the low assessed value and stable Windsor Park location (close to schools, parks, and transit) make it a low-risk entry point. However, the compact floor plan may limit rental income compared to larger units in the same area.