Key Characteristics & Appeal

This is a 1,027 sq. ft. home built in 1961 on a notably large 8,847 sq. ft. lot in Windsor Park. What stands out most is the land. The lot ranks in the top 9% citywide and the top 3% within the neighborhood, meaning it’s significantly larger than most comparable properties in the area. The assessed value reflects that—$427,000 is well above street and neighborhood averages, landing in the top 12% on Speers Road and the top 3% in Windsor Park.

The living area itself is slightly below the citywide average for similar homes, and the year built is typical for the street and neighborhood. So the appeal isn’t in a large, modern interior or recent renovation. It’s in the land value and the potential that comes with it.

This property would suit a buyer who values outdoor space, garden potential, or the possibility of future development or expansion. It might also appeal to someone who wants a solid, modest home on a rare lot in an established neighborhood—without paying a premium for upgraded finishes or square footage they won’t use. It’s less suited for buyers seeking a move-in-ready, turnkey home with a large open floor plan.

Five Possible FAQs

1. Why is the assessed value so much higher than other homes on the street?
The value is driven primarily by the lot size. At 8,847 sq. ft., it's over 1,000 sq. ft. larger than the street average, and land is the component that tends to hold and grow value in established areas. The living space and age are fairly average, so the premium you’re seeing is almost entirely land-based.

2. Is this a good property for someone looking to renovate?
It could be, depending on your goals. If you want to add square footage or build a garage or suite, the lot gives you room to work—far more than most nearby properties. But keep in mind that a 1961 home may have older systems and layout constraints, so renovation costs should be carefully scoped before an offer.

3. How does the neighborhood compare to the rest of Winnipeg?
Windsor Park ranks in the top 3% for assessed value within its peer group, which suggests it’s a well-regarded, stable area. The lot size also ranks in the top 3% locally. But for living area and year built, it’s closer to average or slightly below citywide norms. So the neighborhood is desirable, but not because the homes are particularly large or new.

4. What does “top 12% on the street” actually mean for resale?
It means that of the 104 comparable homes on Speers Road, this one ranks 12th in assessed value. That’s a strong position relative to immediate neighbours. Resale will likely hinge on whether future buyers place similar value on the land—which they often do, especially as infill and redevelopment become more common in older neighbourhoods.

5. Is the living area a concern for a family?
At 1,027 sq. ft., it’s on the smaller side compared to the citywide average of 1,342 sq. ft. for comparable homes. It could work well for a couple, a small family, or someone downsizing. But if you need multiple bedrooms or a dedicated home office, it’s worth checking the actual floor plan to see how the space is laid out—square footage alone doesn’t tell the full story.