7 Maplehurst Road – Property Summary

Key Characteristics & Buyer Profile

This 1961 bungalow in Windsor Park (Winnipeg) offers 1,021 square feet of living space on a 5,986-square-foot lot. Its most notable feature is assessed value: at $408,000, it ranks 3rd out of 20 homes on Maplehurst Road (top 15%) and 212th out of 3,307 in the neighbourhood (top 6%). That puts it significantly above the street average of $359,700 and the neighbourhood average of $354,200. The year built is also a standout—tied for earliest on the street (top 5%)—which may appeal to buyers who prefer older construction quality or established character over newer cookie-cutter builds.

The appeal here is not in size. The living area is below the street median, and the lot is essentially average for the area. The value lies in the property’s relative affordability within a higher-assessed bracket: you’re getting a home that carries above-average valuation without paying citywide peak prices. It would suit buyers who prioritize equity potential and location stability over square footage—first-time homeowners looking for good bones in a mature neighbourhood, or investors interested in a property that already benchmarks well against its peers.

Consider an overlooked angle: the 1961 build year places this home in a sweet spot for Winnipeg’s housing stock. It’s old enough to have solid materials and mature landscaping, but not so old that it requires heritage-level upkeep. The land-to-building ratio (nearly 6:1) also hints at possible future redevelopment flexibility, though zoning would need to be verified.

Frequently Asked Questions

1. How does the assessed value compare to similar homes citywide?
Citywide, the $408,000 assessment ranks in the top 36% of comparable homes—around average, not exceptional. The property’s strongest value position is at the street and neighbourhood levels, where it outperforms most nearby homes.

2. Why is the living area ranked below average if the assessed value is above average?
Living area and assessed value are independent metrics. A home can be smaller than surrounding houses but have higher value due to condition, updates, lot characteristics, or location within the neighbourhood. The data suggests this property offers more value per square foot than its immediate competitors.

3. Is a 1961 home likely to need major upgrades?
Not necessarily. Many 1961 homes in Winnipeg have solid foundations and framing, but systems (furnace, roof, windows, electrical) depend on prior maintenance. A home inspection is always wise, but the year built itself isn’t a red flag—it’s more about how the property has been cared for over six decades.

4. How does the land area affect usability or future value?
At 5,986 square feet, the lot is average for Maplehurst Road and slightly below the citywide median. It’s a typical city lot—enough for a front and back garden, off-street parking, and modest outdoor space—but not oversized for subdividing. Its main value is stability: average lots in established areas tend to hold value well.

5. Who is this property not right for?
Buyers seeking maximum square footage for the price, or those wanting a move-in-ready modern finish, may find the 1,021 sqft tight. Similarly, anyone hoping for a large yard or development potential beyond a single-family home should look elsewhere. This property is a good fit for those who value location, valuation, and character over raw space.