Key Characteristics & Buyer Profile

This is a 1960s home in Windsor Park (a neighbourhood in Winnipeg), with 927 sq. ft. of living space on a 5,459 sq. ft. lot. Its assessed value sits at $387,000—above average for both its street and the wider neighbourhood, but nearly exactly in line with the citywide median. The home is smaller in floor area than most nearby properties (ranking in the bottom third of its street and community) and sits on a lot that is slightly undersized relative to the immediate area, though more typical citywide.

Where the property stands out is its assessed value relative to its size. It’s rated higher than 85% of homes in its community for tax purposes, which suggests the market has priced this home more for its land position or location than for square footage. The build year (1961) is unremarkable for the area, falling near the middle of the street and community averages.

Appeal & Buyer Fit:
This property would suit buyers who are less focused on living large inside and more interested in owning a home in a stable, mid-century neighbourhood where land values have held up well. It’s a good candidate for someone willing to renovate or expand—the lot, while not generous, is still a standard city lot, and the below-average living area means there’s potential to add value. It’s less ideal for buyers who need move-in-ready space or a large yard right away. The home likely appeals to investors or first-time buyers looking for a more affordable entry point into a community where surrounding homes are slightly larger and pricier.

Five Possible FAQs

1. Is this home smaller than most others in Windsor Park?
Yes. At 927 sq. ft., it’s roughly 15% smaller than the average in the neighbourhood (1,091 sq. ft.) and ranks in the lower 14% of homes in the community for living area. On its own street, it’s among the smaller units.

2. Why is the assessed value higher than average if the house is smaller?
Assessed value takes location, land value, and overall market conditions into account—not just square footage. In this case, the home’s value ranks higher than its size would suggest, which often points to a desirable location within the neighbourhood or a lot that holds its value well.

3. How does the land size compare?
The lot is 5,459 sq. ft.—below the street average (5,906 sq. ft.) and the community average (6,030 sq. ft.), but about average when compared to the whole city. It’s a standard urban lot, not oversized, but not unusually small on a citywide scale.

4. What kind of renovation potential does the property have?
The lot is big enough to support an addition or secondary suite, depending on zoning. The house was built in 1961, so it’s likely a simple mid-century layout—often easier to reconfigure than newer builds. Buyers should budget for updates, but the solid land value offers a good return on investment if the work is done carefully.

5. How does this home compare to others built around the same time in Winnipeg?
It’s very typical for its era—1961 is right around the median build year for Windsor Park and within a few years of the citywide average. That means mechanical systems and construction style are likely standard for the period, so any updates needed will be similar to what most other homes of that vintage require.