45 Peterboro Bay – Property Summary

Key Characteristics & Buyer Profile

This is a compact bungalow (1,040 sq ft) on a standard 5,775 sq ft lot in Winnipeg’s Windsor Park neighbourhood, built in 1966. The property’s standout feature is its assessed value: at $402,000, it ranks in the top 5% on its street and top 8% in the neighbourhood. That means it’s priced well above typical homes nearby, despite having a below-average living area for the street (which averages 1,230 sq ft). The lot size is roughly average for both the street and area.

The appeal lies in the disconnect between size and value. A buyer isn’t paying for square footage here—they’re likely paying for location, condition, or something else not captured in these metrics (a finished basement, a renovated interior, a desirable lot shape or privacy). The year-built ranking (newest on the street, top 7% in the neighbourhood) hints that it may have been built slightly later than surrounding homes, though 1966 is still firmly mid-century.

This property would suit a buyer who prioritizes relative affordability within a strong-valuation pocket of Windsor Park, or someone who values the address and street over raw space. It’s a less obvious fit for a family needing generous living area or a large yard, but it could work well for a downsizer, an investor looking for a property with proven value retention, or someone willing to compromise on interior square footage for a solid assessed-value foothold in the neighbourhood.

Five Possible FAQs

1. Why is the assessed value so high when the living area is below average for the street?
Assessed value reflects more than square footage—it accounts for overall condition, upgrades, basement finish, lot characteristics, and recent sales of comparable homes. The data suggests this property likely has improvements or features that push its value above the street norm, even though the main-floor footprint is smaller.

2. How does the lot size compare to other homes in Windsor Park?
At 5,775 sq ft, this lot is slightly smaller than the neighbourhood average of 6,030 sq ft. It’s in the middle of the pack on this street (ranked 28th out of 57) and around the 56th percentile in the area. It’s a typical city lot, not oversized.

3. Is the house small for the area, or is that normal for this street?
It’s on the smaller side for this street: 1,040 sq ft vs. a street average of 1,230 sq ft. But citywide, it’s actually around average (1,342 sq ft average). So the house is compact relative to its immediate neighbours, but not unusually small for Winnipeg overall.

4. The house was built in 1966—is that considered old or new for this neighbourhood?
It’s on the newer side for Windsor Park. The neighbourhood average year built is 1961, and this property ranks in the top 7% locally and top 2% on its street. In Winnipeg as a whole, 1966 is right at the citywide average. So it’s a mid-century home that’s slightly younger than many nearby.

5. If I buy this property, am I overpaying compared to similar homes on the street?
Based on assessed value, the market has placed this home above others on Peterboro Bay—it’s in the top 5%. Whether that’s “overpaying” depends on what’s driving that value (a renovation, a unique feature, a lower-maintenance property). If the main-floor size is important to you, you may find better value elsewhere. If you’re looking for a property that’s already proven to hold high relative value, this could be a sound choice.