54 Penticton Bay – Property Summary

Key Characteristics and Buyer Profile

This 1,053 sqft home, built in 1962, sits on a 5,774 sqft lot in Winnipeg’s Windsor Park neighbourhood. It’s a middle-of-the-pack property in nearly every measurable way—neither a standout nor an outlier. On its own street (Penticton Bay), it ranks in the top 63% for living area and top 61% for assessed value ($358k). Across Windsor Park, it sits near the median for lot size and home age, though it’s slightly older than the citywide average (1962 vs. 1966).

The appeal here is stability and predictability. This isn’t a home that grabs attention with size or a bargain price, but it doesn’t come with the risk of being overvalued for its street either. The assessed value sits just below both the street average ($365.6k) and the citywide average ($390.1k), which gives it a grounded price point relative to its immediate neighbours and the broader market.

It would suit a buyer looking for a straightforward, no-surprises entry into a well-established neighbourhood—someone who values a home that fits the local character without being the biggest or newest on the block. First-time buyers, downsizers, or investors seeking a functional property with modest land and a sensible tax base could all find it practical. The lot size (5,774 sqft) is slightly smaller than average for the street, which may appeal to those who want less yard maintenance without sacrificing a private outdoor space.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $358k is roughly 2% below the street average of $365.6k, but about 8% below the citywide average for comparable homes ($390.1k). In the broader Windsor Park neighbourhood, it ranks in the top 46%—meaning it’s a touch above average for the area, but not dramatically so.

2. Is the lot size considered small for the neighbourhood?
It’s slightly below the street average (5,774 sqft vs. 6,057 sqft) and the neighbourhood average (6,030 sqft). However, it ranks in the top 37% citywide, meaning across Winnipeg it’s still on the larger side of typical residential lots. It’s not undersized, just modest for Windsor Park.

3. Why is the year built listed as “above average” for the neighbourhood?
The home was built in 1962, which is slightly newer than the Windsor Park average of 1961. Across the 3,307 comparable homes in the neighbourhood, it ranks in the top 26% for newer construction. That said, it’s still a mid-century home, so don’t expect modern building standards without updates.

4. What does “ranked top 66% citywide” for living area actually mean?
It means this home’s living area (1,053 sqft) is bigger than about 34% of comparable homes across Winnipeg, but smaller than the other 66%. The citywide average for comparable homes is 1,342 sqft, so this property is roughly 22% smaller than that benchmark. It’s a compact layout—suited to buyers who prioritize location and lot over interior square footage.

5. How reliable are these rankings for making an offer?
They’re useful for context, not precision. Rankings are based on assessed data, which can lag behind recent sales or renovations. They show where this home sits relative to a broad peer group, but they don’t account for condition, upgrades, or neighbourhood-specific demand. Use them as a starting point, not a final value.