37 Alderwood Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1955 bungalow in Windsor Park with 781 sq ft of living space on a 5,002 sq ft lot, currently assessed at $331,000. The property stands out most for its age—it's tied for the oldest home on Alderwood Road and falls in the top 3% of the street by year built. In a neighbourhood where most homes were built around 1961, this represents one of the earlier builds, which often appeals to buyers looking for original character, mature landscaping, or a teardown opportunity on a lot that's slightly smaller than the street average but still within a functional range.

The living area is below both the neighbourhood and citywide medians, so it's genuinely compact. The assessed value, however, is slightly above the street average and sits in the top 61% citywide, suggesting the land or location is propping up the price more than the house itself. This is typical of older homes in established areas where the structure has depreciated but the lot and proximity to amenities retain value.

This property would best suit a first-time buyer who values location over square footage, a renovator looking to update a smaller home in a stable neighbourhood, or someone interested in a modest single-level living arrangement that doesn't come with a premium lot price. It's less suited to families needing more space or buyers wanting a newer, move-in-ready home with minimal work.

Five Possible FAQs

1. Why is the assessed value relatively high compared to the living area?
The land, not the house, is driving the value. The lot is 5,002 sq ft, which is close to the citywide average, and the home sits in a well-established part of Windsor Park. Older homes in this area often have lower structure values, but the land itself has appreciated. That's why the value ranks higher citywide than the square footage does.

2. How does the lot size affect usability?
At 5,002 sq ft, the lot is a bit smaller than the street average of 5,487 sq ft. It's still large enough for a good-sized yard, a garage, and possibly some garden space, but it's not oversized. If you're comparing to newer subdivisions where lots often exceed 6,000 sq ft, this one will feel tighter. However, it's also less maintenance.

3. What's the significance of a 1955 build year for a buyer?
Homes from 1955 in Winnipeg often have solid foundations, full basements, and simple layouts that are easy to renovate. But they can also come with older electrical, plumbing, and insulation. It's worth getting a thorough inspection, especially for knob-and-tube wiring or lead pipes. The upshot is that original details—like hardwood floors under carpet—can still be intact.

4. How does this home compare to others currently for sale in Windsor Park?
It's on the smaller side for the neighbourhood, which means it likely comes in at a lower price point than many nearby listings. Newer or larger homes in Windsor Park often sell for $350,000–$400,000, so this property could be one of the more affordable options in the area if the condition is fair.

5. Is this a good candidate for a renovation or an addition?
Possibly, but with caution. The lot is not exceptionally deep or wide, so any addition would need to stay within setback rules. The plus side is the single-storey layout and mature location, which can make it easier to blend an extension into the existing structure. You'd want to check zoning and any heritage restrictions before committing to major work.