1300 Paterson Street – Property Summary
Key Characteristics & Buyer Suitability
This is a 1967-built home with 1,040 square feet of living space on a 6,249-square-foot lot. Its assessed value is $332,000.
The property’s strongest feature is its land. The lot is above average for both the Windsor Park neighbourhood (top 30%) and the city of Winnipeg (top 26%). For buyers who value outdoor space, yard potential, or room for additions, this stands out more than the house itself.
The living area is below average for the street, and the assessed value reflects that—it’s below average locally and sits just around the citywide median. The year built is a highlight in the neighbourhood context: at 1967, it ranks in the top 5% of homes in Windsor Park by age, meaning it’s newer than most nearby properties. That said, it’s right in line with citywide averages.
The appeal here is pragmatic. This isn’t a flashy or oversized home. It’s a modest, solidly built house on a generous lot in a well-established Winnipeg neighbourhood. The low assessed value relative to the lot size suggests potential upside for someone willing to renovate or expand.
Best suited for: Buyers who prioritize yard space and location over square footage—especially first-time homeowners looking for a project property, or anyone wanting to get into a stable neighbourhood with above-average land. Less ideal for someone seeking a move-in-ready home with generous interior space.
Five Possible FAQs
1. How does this home compare to others on Paterson Street?
It sits near the middle of the pack. The lot is average for the street, but the house is smaller and lower-valued than most neighbours—ranking 11th out of 13 in assessed value. If street-level comparison matters to you, this is one of the more affordable options on the block.
2. Is the smaller living area a problem?
It depends on your needs. At 1,040 square feet, it’s about 13% smaller than the street average. That’s noticeable if you’re comparing directly with nearby listings, but it also explains the lower price point. Some buyers may see this as a chance to customize the interior layout over time.
3. What’s the neighbourhood like?
Windsor Park is a mature Winnipeg area with a mix of post-war homes. The property ranks near the middle of the neighbourhood for living area and assessed value—nothing extreme either way. It’s a stable, average-cost area where most homes were built in the early 1960s, so this 1967 build is actually on the newer side locally.
4. Could the lot size add resale value?
Yes, potentially. Citywide, the lot ranks in the top 26% for size. Larger lots in older neighbourhoods often attract buyers looking to subdivide, add a secondary suite, or build a garage. That said, zoning rules and neighbourhood density limits would need to be checked before assuming any development potential.
5. How was the assessed value determined?
The city assessed it at $332,000, which is below the street average ($374,500) and slightly below the neighbourhood average ($354,200). It lands around the citywide median for comparable homes. The lower value aligns with the below-average living area and suggests the assessment is weighted more toward the house itself than the land.