55 Peterboro Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,157 sqft single-family home built in 1966 on a 5,775 sqft lot in Winnipeg’s Windsor Park neighbourhood. Its assessed value is $345,000.

What stands out here is not the size or value, but the age. The home is ranked #1 on its street for year built (top 2%), meaning it’s among the newest homes on Peterboro Bay—most neighbouring houses are a few years older. That could matter if you want something slightly more modern in an established street without moving to a newer subdivision.

The living area is around average for the street but above average for the broader Windsor Park neighbourhood (top 23%). The lot size is middle-of-the-pack. The assessed value is below average on the street (top 93%) but sits close to the neighbourhood average, which suggests the home may be priced more in line with the area than its immediate neighbours.

This property would suit a buyer who wants a solid, mid-sized home in a well-established neighbourhood, and who values being on a quieter street with mostly older homes. It’s less suited for someone looking for a large lot, a standout floor plan, or a bargain relative to neighbours. The value seems fair but not exceptional—it’s a typical Windsor Park home without major upside or downside surprises.

Five Possible FAQs

1. How does this home compare to others on the same street?
On Peterboro Bay, this home is the newest (built 1966 vs. a street average of 1964) but has the third-lowest assessed value ($345K vs. $371K street average). Its living area and lot size are both close to the street average. So you’re getting a newer house for less money than most neighbours, but not a larger one.

2. Is the assessed value a fair reflection of market price?
Assessed value is for property tax purposes, not market value, but it can be a rough benchmark. Here, the home is assessed below the street average but in line with the neighbourhood. In a balanced market, you might expect the selling price to fall somewhere between the two—but without recent sale data, it’s not a guarantee.

3. What’s the lot like compared to others in Winnipeg?
The 5,775 sqft lot is actually smaller than the citywide average (6,570 sqft), ranking in the top 37%. That’s not tiny, but it’s not generous either. For Windsor Park, it’s about average. If lot size is a priority, you may want to look at older homes in the area that tend to sit on larger parcels.

4. Why is the home ranked #1 for year built but only around average citywide?
The street itself has older homes, so being built in 1966 makes you the newest locally. But citywide, 1966 is exactly the average year built for comparable homes, so you’re not unusually new in a broader context. The “elite” ranking only applies within a small, older street.

5. What does the “top 23%” rating for living area actually mean?
It means that in the Windsor Park neighbourhood, this home’s 1,157 sqft is larger than about 77% of comparable homes. But on its own street, it’s more average. That’s fairly typical—streets can be inconsistent, while neighbourhoods smooth things out. If you want a sense of what you’re actually getting, the neighbourhood comparison is usually more useful than the street one.