Key Characteristics and Buyer Profile

This is a 1,027-square-foot home built in 1962, located on Penticton Bay in Winnipeg’s Windsor Park neighbourhood. The property sits on a 5,773-square-foot lot.

Where it stands out is mostly in its relative positioning. The home is older than much of the surrounding neighbourhood—built earlier than 74% of homes in Windsor Park—which often means more established construction and mature landscaping. The lot size is close to the neighbourhood average, but larger than 63% of properties citywide, which gives it a bit more outdoor space than many Winnipeg homes.

The living space is on the smaller side compared to both the street and the city at large, ranking in the lower third locally. That’s not necessarily a drawback, but it means the layout may feel more compact than newer builds or recent renovations. The assessed value is near the middle for the street and community, and slightly below the city average, which suggests the price is in a reasonable range without major valuation surprises.

This property would likely suit a buyer who is comfortable with a modestly sized home from the early 1960s—someone who values a solid lot and an established neighbourhood over a larger floor plan. It could be a good fit for a first-time buyer, a downsizer, or someone looking for a project property in a stable area where the bones are decent but there may be room for updates. Windsor Park is known for its mature trees, quiet streets, and convenient access to shops and the Red River, so buyers drawn to older, settled communities may find this appealing.

Five Possible FAQs

1. How does the property’s size compare to other homes nearby?
The living area is smaller than most homes on Penticton Bay (47th out of 57) and slightly below the city average. However, the lot is close to the neighbourhood norm and above the citywide average, so the outdoor space is relatively generous for Winnipeg.

2. Is the assessed value in line with other homes in the area?
Yes. The assessed value of $359,000 is very close to the street and neighbourhood averages, and only slightly below the city average. This suggests the property is not over- or under-valued relative to its surroundings.

3. What kind of maintenance or updates might be needed for a 1962 home?
Homes from this era often have original mechanicals (furnace, electrical, plumbing) and may need updates depending on what has been done. The structure and lot are solid, but a buyer should expect to inspect the roof, windows, and foundation. The age also means the floor plan may feel more segmented than modern open-concept designs.

4. Does the smaller living area affect resale potential?
It could, depending on the buyer. Smaller homes in desirable, established neighbourhoods often appeal to a specific market—couples, singles, or empty-nesters. If the lot is well-used and the home is well-maintained, resale can be stable, but it may not attract families looking for larger square footage.

5. What is the neighbourhood like for amenities and daily life?
Windsor Park is a well-established area with a mix of older homes and mature greenery. It has local schools, parks, and is close to shopping along Regent Avenue. The neighbourhood tends to attract people who prefer quiet streets with character over newer suburban developments.