63 Canberra Road – Property Overview

Key Characteristics & Buyer Profile

This is a 1,059-square-foot bungalow built in 1961 on a 3,022-square-foot lot in Winnipeg’s Windsor Park neighbourhood. The property’s standout feature is its construction year: it ranked first on Canberra Road for year built, meaning it’s among the oldest homes on the block. That could appeal to buyers who value older construction quality, established gardens, or a street with mature character.

The living area is slightly below the street and neighbourhood averages but still falls within a competitive range—around the top third on the street. However, the assessed value is significantly lower than the neighbourhood and city averages, ranking in the bottom 2% locally. This suggests the home may be priced below many nearby properties, potentially offering entry-level affordability in a neighbourhood where values are generally higher.

The lot is small—well below both the neighbourhood and city averages for comparable homes. Buyers who prioritize low-maintenance yards or a compact footprint will appreciate this, while those hoping for expansion space or a large garden may find it limiting.

This property would suit first-time buyers looking for an older home with character in an established area, or investors seeking a lower-valued asset in a neighbourhood with above-average property values. It may also appeal to downsizers who want a simple, one-storey layout with minimal outdoor upkeep.

Five Frequently Asked Questions

1. How does the living space compare to other homes nearby?

The home’s 1,059 square feet is slightly smaller than the average on Canberra Road (1,085 sqft) and the Windsor Park neighbourhood average (1,091 sqft). It ranks in the top 35% on the street and top 46% in the neighbourhood, meaning it’s not unusually small—just modest compared to citywide averages.

2. Why is the assessed value so low relative to the neighbourhood?

The assessed value is $243,000, which is well below the Windsor Park average of $354,200. This likely reflects the smaller lot size, older construction (without extensive recent renovations), and possibly a more modest interior condition. It places the property in the bottom 2% of the neighbourhood by value, which could mean it’s priced for affordability rather than reflecting the area’s typical price range.

3. Is the lot size a limitation or an advantage?

At 3,022 square feet, the lot is significantly smaller than the neighbourhood average of 6,030 sqft. That’s a limitation if you want room for additions, a large garage, or extensive landscaping. But it’s also an advantage for buyers who prefer less maintenance, lower property taxes, or a more compact urban footprint.

4. What does the “year built” ranking of #1 on the street really mean?

It means this is the oldest home on Canberra Road. Being built in 1961, it predates many surrounding houses. This can be appealing if you like mid-century architecture, solid older framing, or a street with historical consistency. However, older homes may also come with higher maintenance needs, especially for systems like plumbing, electrical, or roofing that haven’t been updated.

5. How does this property compare to others in Winnipeg overall?

Citywide, this home sits near the middle to lower end for living area (top 66%), assessed value (top 84%), and lot size (top 88%). It’s not a standout in any metric except its age. For buyers focused on a specific neighbourhood like Windsor Park, the property offers an entry point below the local median value—but with trade-offs in lot size and likely renovation needs.