9 Peterboro Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,040 sqft home built in 1963 on a 5,775 sqft lot, with an assessed value of $349,000. Its main appeal is consistency and practicality rather than standout features. The living area is below average for its street but around average for the wider neighbourhood and city, meaning you’re not getting a cramped house, but it’s not oversized either. The year built is slightly newer than much of the surrounding Windsor Park area, which often appeals to buyers who want a home from a solid construction era without the maintenance of an older structure. The land area sits right around the middle for both street and neighbourhood, but performs slightly better city-wide, suggesting good value in terms of lot size relative to the rest of Winnipeg.

Where it stands out most is value positioning. The assessed value is noticeably below the citywide average ($390,100) and below the street average ($371,400), even though the home is not an outlier in size or age. This makes it a strong candidate for buyers who want to enter a stable, established neighbourhood without paying a premium for the street itself. It would suit first-time buyers, investors looking for a property with room for modest appreciation, or downsizers who want a manageable lot and reasonable taxes. The neighbourhood is not high-turnover or trendy, but it is solid—this is a home for someone who prioritises function and long-term stability over flash.

Five Possible FAQs

1. How does this home compare to others on Peterboro Bay?
It’s on the smaller side for the street (bottom 86% for living area) and below average in assessed value. The lot and year built are close to the street medians. It’s not the standout house on the block, but it’s not an outlier—it fits in, just at a lower price point.

2. Is the assessed value a realistic purchase price?
Assessed value is not a market price, but it’s a useful baseline. In this case, the home is valued below many comparable homes city-wide and on the same street, which could mean it’s priced to sell or that it hasn’t been updated as recently. A comparative market analysis would be needed for a precise number.

3. Why is the living area ranked lower than the land area?
The home has a moderate footprint for a 1960s build, but the lot is slightly larger than average for the city (top 37%). This could appeal to buyers who want outdoor space or potential for an addition, though you’d need to check zoning and setback rules.

4. What does “around average” really mean for the neighbourhood?
Windsor Park is a mature area with a mix of bungalows and split-levels from the 1950s–70s. This home’s size and value land right in the middle of that mix—it’s not unusually large or small for the area, meaning it should blend in without appraisal surprises.

5. How important is the year built relative to other homes?
At 1963, it’s newer than about 19% of the neighbourhood but older than about 55% of homes city-wide. That’s a solid middle ground—old enough to have established landscaping and mature trees, recent enough that major systems (if maintained) aren’t necessarily on the verge of replacement. Worth checking the roof, furnace, and windows specifically.