144 Penfold Crescent – Property Summary

Key Characteristics & Buyer Profile

This 1989-built home in Windsor Park offers a living area of 1,050 square feet on a 5,324-square-foot lot, with an assessed value of $393,000. Its standout feature is the year built: it ranks in the top 1% in the neighbourhood and top 11% on the street, meaning it's noticeably newer than most nearby homes. The assessed value is above average for Windsor Park (top 12%), reflecting strong local demand, though it sits around average citywide. The living area is slightly below average for the street but close to the neighbourhood norm. The lot is smaller than typical for the area, ranking in the bottom quartile neighbourhood-wide.

The appeal here is subtle. Buyers aren't getting the biggest space or the largest yard, but they are getting a home that avoids the maintenance headaches and layout quirks common in older Winnipeg housing stock. The newer construction also suggests better insulation, modern electrical, and fewer surprise repairs. This property suits buyers who prioritise move-in readiness and energy efficiency over square footage or a sprawling yard—likely first-time homeowners or downsizers who want something solid without paying for space they don't need. It also fits investors looking for a low-risk asset in a neighbourhood where values are holding above local averages.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On this street, the assessed value of $393,000 is around average (top 45%). But within Windsor Park, it's significantly above average—ranking in the top 12%—meaning it's worth more than most comparable homes in the broader neighbourhood.

2. Is the lot size a concern?
At 5,324 square feet, the lot is below average for Windsor Park (bottom 19%). You'll have less outdoor space than many neighbours, which could matter for families wanting a large garden or room for additions. However, it's on par with citywide norms for similar homes.

3. What does the year-built ranking actually mean for me?
Built in 1989, this home is newer than roughly 89% of homes on Penfold Crescent and 99% of homes in Windsor Park. Practically, that means fewer outdated systems, better building codes compliance, and likely lower immediate renovation costs.

4. How does the living area compare to the neighbourhood?
The 1,050 square feet is slightly smaller than the street average of 1,238 square feet, but close to the Windsor Park average of 1,091 square feet. It's not a spacious home, but it's not unusually small for the area either.

5. Why is the assessed value high locally but average citywide?
Windsor Park has a lower average home value ($354,200) than the citywide average for comparable homes ($390,100). This property's value sits above the local norm but matches the broader market, suggesting it holds value better than many of its immediate neighbours.