96 Heather Road – Property Summary

1. Key Characteristics & Buyer Profile

This is a 1,120-square-foot bungalow built in 1963, on a 3,487-square-foot lot in Winnipeg’s Windsor Park neighbourhood. The home sits on Heather Road, a street where properties tend to be slightly older (average year built 1961) and have smaller living areas than the citywide norm — but this house actually has more living space than most of its immediate neighbours, ranking in the top 6% on the street for square footage.

Where the property stands out is its assessed value: $246,000. That’s well below the street average of $330,500, the neighbourhood average of $354,200, and the city average of $390,100. The lot is also smaller than typical for the area — ranking in the bottom third on the street and bottom 3% in the neighbourhood — which partly explains the lower assessment. In short, you’re getting a home that’s reasonably spacious inside, on a compact lot, at a price point that’s notably lower than comparable homes nearby.

This property would suit a buyer who prioritizes interior space over yard size, and who is comfortable with an older home in an established, mid-century neighbourhood. It may appeal to first-time buyers looking for something affordable in a well-ranked street, or to investors eyeing a property that values below the local median. The lower assessment also suggests potential for long-term appreciation if the neighbourhood continues to rise. Less obviously, the combination of a small lot and a below-average tax base could mean lower maintenance responsibilities and property taxes relative to larger, more expensive homes in the area.

2. Frequently Asked Questions

Is the house in good condition for its age?
The data doesn’t include inspection details, but the home was built in 1963 and ranks in the top 19% of the neighbourhood for year built — meaning it’s newer than many nearby homes. That said, a 60+-year-old property will likely need updates to systems like plumbing, electrical, or insulation. A professional inspection is recommended.

Why is the assessed value so much lower than the neighbourhood average?
The assessed value reflects the home’s market value as determined by the municipality. In this case, the smaller lot size (3,487 sqft vs. the neighbourhood average of 6,030 sqft) is a major factor. The home’s interior living area is actually above average for the street, but lot size typically carries significant weight in assessments.

What’s the neighbourhood like?
Windsor Park is a well-established, predominantly residential area in Winnipeg, with a mix of post-war bungalows and split-levels. It’s known for being family-oriented, with parks, schools, and convenient access to major routes. The property ranks in the top 29% of the area for living space, which is a strong relative position.

Would this be a good rental property?
The below-average assessed value suggests a lower purchase price, and the street-level living space is generous for the area — both factors that can support a decent rental yield. However, the small lot may limit curb appeal for some tenants, and older homes often come with higher maintenance costs. It would be worth running a comparative rental analysis on similar properties in Windsor Park.

How does the lot size affect resale value?
Smaller lots can limit resale potential if buyers in the area tend to value outdoor space. However, they also mean less yard work, lower utility costs (less land to maintain), and often a lower purchase price, which can attract a different segment of buyers. In a market where larger lots are the norm, a smaller one may sell more slowly, but it could also stand out as a more affordable entry point.