56 Heather Road – Property Summary

Key Characteristics & Appeal

This is a 975 sqft home built in 1962 on a 6,172 sqft lot in Windsor Park, Winnipeg. The property’s standout feature is its assessed value of $376,000, which ranks well above average on the street (top 17%) and within the neighbourhood (top 24%). This suggests a home that has held or gained value relative to its immediate surroundings, likely due to factors like upgrades, location within the street, or lot characteristics.

The lot itself is larger than average citywide (top 27%), which adds practical appeal – more yard space for gardening, storage, or future expansion compared to typical Winnipeg homes of this era. The home’s living area, however, is below average at every level (street, neighbourhood, city), meaning it’s a smaller footprint than most nearby homes. The 1962 construction year sits slightly above average locally but is older than the citywide median.

Who it suits: This property would likely appeal to buyers who prioritize a solid location and land over interior square footage. It’s a good fit for someone looking for a home with proven value retention in Windsor Park, possibly a first-time buyer or investor who sees potential in a smaller home on a good lot. The below-average living area may deter families needing generous interior space, but it could work well for singles, couples, or downsizers who value outdoor space and a lower purchase price relative to the neighborhood. The assessed value suggests there’s something about this property that the market has rewarded – worth investigating whether that’s recent renovations, a quiet street position, or other intangibles.

Frequently Asked Questions

1. How does the below-average living area affect the home’s value?
The smaller living area (975 sqft vs. the city average of 1,342 sqft) likely keeps the base price lower than many nearby homes. However, the above-average assessed value suggests that other factors – such as lot size, condition, or location – are compensating. It’s a trade-off: less interior space, but stronger per-square-foot value.

2. Is the assessed value of $376,000 realistic for this home?
Assessed values are based on market data and comparable sales, so it reflects what the city believes the property is worth relative to others. Being in the top 17% on the street and top 24% in the neighbourhood indicates it’s valued higher than most nearby homes. You would still want a recent appraisal or comparative market analysis, but the data suggests it’s not an overreach.

3. How does the lot size compare to other properties in Windsor Park?
The 6,172 sqft lot is slightly above average for the neighbourhood (top 33%) and comfortably above the street average of 5,358 sqft. Citywide, it ranks in the top 27%, meaning this is a larger-than-typical Winnipeg lot. For a home built in the 1960s, that’s a notable advantage – many similar-era homes sit on smaller parcels.

4. What should a buyer look into regarding the 1962 construction?
Homes from that era often have original mechanical systems (furnace, electrical, plumbing) and windows unless updated. The above-average assessed value could mean some upgrades have been done, but it’s worth confirming. Foundation condition, insulation, and roof age are also common concerns. The home being built in 1962 means it predates many modern building codes – check for knob-and-tube wiring or asbestos if finishes are original.

5. How does this property rank versus others on Heather Road specifically?
On Heather Road (89 comparable homes), this property ranks #15 for assessed value (top 17%) but #66 for living area (bottom 26%). That’s a sharp contrast – one of the most valuable homes on the street despite being one of the smallest. The lot ranks #34 (top 38%), which is decent but not exceptional for the street. The year built is slightly newer than average for the street (1962 vs. 1961 average). This suggests the home’s value comes from condition or features rather than raw size or land alone.