Property Overview: 42 Penticton Bay, Winnipeg

Key Characteristics & Buyer Profile

This 1963 bungalow offers 1,482 square feet of living space on a 6,249-square-foot lot in Windsor Park. The property ranks well above average within its immediate neighbourhood: it sits in the top 11% on Penticton Bay for assessed value ($396,000) and the top 14% for living area. Compared to other homes in the wider Windsor Park area, it places in the top 5% for size and top 10% for value. Citywide, however, the numbers are more moderate—living area and assessed value fall near the median.

The appeal here is subtle but real. The home is not flashy or oversized by city standards, but it offers noticeably more space than neighbouring houses on the same street. For buyers who want to avoid a "biggest house on the block" situation but still stand out within a specific pocket, this property delivers that balance. The lot is also slightly larger than average for the street, which adds flexibility for outdoor use or future additions.

This property would suit a buyer who values relative prominence within a stable, established neighbourhood over citywide prestige. It’s a strong fit for a family who wants room to grow, or for someone who sees long-term value in a home that benchmarks well locally. The 1963 build date means systems and finishes will need attention—this is not a turnkey house, but one where the bones and location are solid.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On the street level, the value is above average—ranked 6th out of 57 homes, with the street average at $365,600. Within the neighbourhood, it ranks in the top 10%, well above the local average of $354,200. Citywide, it sits near the median.

2. What is the condition of a 1963 home like this?
The year built places it among the earlier homes on the street (top 11% for age). While the statistical data doesn’t cover condition, a home of this era typically requires updates to electrical, plumbing, insulation, and windows. A pre-purchase inspection is strongly advised.

3. How does the lot size compare to citywide norms?
The 6,249-square-foot lot is above average for the street (6,057 sqft) and falls in the top 26% citywide. It’s slightly below the citywide average of 6,570 sqft, but still generous relative to many urban lots.

4. What type of buyer is this property best suited for?
It’s ideal for someone who values a home with strong local rankings—bigger and higher-valued than most on the street—without paying for a top-tier citywide property. A family or investor comfortable with updating an older home would find it a practical choice.

5. Is the neighbourhood considered desirable compared to the rest of Winnipeg?
Windsor Park is a mature, well-established area. This property ranks in the top 5% for living area within the neighbourhood, which suggests it’s one of the larger homes in a stable community. The neighbourhood itself performs well relative to others in Winnipeg, though citywide averages are more modest.