143 Speers Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,500 sqft home built in 1964, sitting on a 7,498 sqft lot in the Windsor Park neighbourhood of Winnipeg. What stands out most is the living space: it ranks in the top 4% within the immediate area and top 10% along Speers Road itself. That means for this part of the city, the home offers noticeably more interior square footage than most of what’s nearby. The lot is also generous by both community and city standards—top 8% locally and top 13% citywide—giving it outdoor space that’s well above typical for the area.
The assessed value, however, tells a different story. At $291,000, it falls below the average for the street, neighbourhood, and city. This combination of a larger-than-average home on a larger-than-average lot with a below-average tax assessment is unusual. It suggests a property that may offer more physical space than its tax valuation reflects—worth understanding further, but potentially pointing to a home that hasn’t been updated in ways that would raise its assessment, or simply one that sits in a part of the market where larger homes are undervalued relative to the city overall.
The home itself dates from 1964, which is slightly newer than the average on the street (1960) and in the neighbourhood (1961), but right around the city median. It’s not a new build, but it’s not an outlier in age either.
Who this property would suit: Buyers who prioritize interior space and a sizeable lot over a low-maintenance or recently renovated home. It would appeal to someone looking for a solidly built mid-century house with room to grow into, rather than something turnkey. Because the assessed value runs low relative to the space, it may also be of interest to value-focused buyers—those who see the potential in a home where the physical footprint outpaces the price tag. Families or anyone wanting a larger yard within the city would find the lot size a clear advantage.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
It’s among the largest in the area. On Speers Road, it ranks 10th out of 104 homes (top 10%), and within Windsor Park it ranks 140th out of 3,307 (top 4%). The average home in the neighbourhood is about 1,091 sqft, so this property offers roughly 400 sqft more.
2. Why is the assessed value lower than average if the house is bigger?
Assessed value isn’t based on square footage alone—it factors in condition, updates, and comparable sales. A larger home that hasn’t been recently renovated or that sits on a street with lower overall values can end up with a lower assessment. In this case, the home ranks in the bottom 11% on the street for assessed value, despite being in the top 10% for size. That gap is worth looking into, but it often points to a home that may need updates or is simply in a part of the market where larger homes don’t command a premium.
3. What’s the lot actually like?
At 7,498 sqft, the lot is noticeably larger than the Windsor Park average (6,030 sqft) and the city average (6,570 sqft). It ranks in the top 8% within the community and top 13% citywide. This is a genuinely spacious yard by Winnipeg standards—enough for a garden, playset, or expansion.
4. Is the home old or outdated?
It was built in 1964, which makes it about 60 years old. That’s slightly newer than the average home on the street and in the neighbourhood, but very close to the city median. The age itself isn’t unusual for this part of Winnipeg, but you’d want to check what’s been updated—roof, windows, mechanicals, kitchen, bathrooms—since the assessed value suggests there may not have been major recent upgrades.
5. How does this property compare to others in the same price range?
That’s the interesting part. Most homes with a similar assessed value in Winnipeg are smaller—both in living area and lot size. This property offers above-average space at a below-average valuation. Whether that means it’s a hidden value or simply a home that needs work depends on its actual condition, but the numbers suggest it stands out from the typical home in its tax bracket.