217 Speers Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft home built in 1965, sitting on a 7,797 sqft lot in Winnipeg’s Windsor Park neighbourhood. The property’s standout feature is its lot size—well above average for both the neighbourhood (top 6%) and the city (top 12%). That’s rare for a home in this price range. The assessed value of $383k ranks above average locally (top 18% in the neighbourhood), though it’s closer to the citywide median. The living area is slightly below the city average, which is typical for a 1960s bungalow. The home is newer than most on its street (top 14%) and in the neighbourhood (top 10%), which may mean fewer immediate major updates than an older comparable.
The appeal here is in the land, not the square footage. A nearly 8,000 sqft lot within an established neighbourhood offers room for a garage, workshop, garden, or future expansion—something you don’t often find for this price in newer subdivisions. The home itself is a solid, unremarkable mid-century structure; its value lies in the potential of the property.
This would suit a buyer who wants a manageable home with outdoor space, and who either doesn’t need a large interior or plans to redevelop or renovate down the line. It’s less ideal for someone looking for a move-in-ready, spacious home or for a family needing multiple bedrooms and a large open layout. First-time buyers looking for land in a central area might find it interesting, as could someone wanting a workshop or hobby space in the yard.
Five Possible FAQs
1. How does the lot size compare to other homes in Windsor Park?
The lot is 7,797 sqft, which is about 30% larger than the neighbourhood average of 6,030 sqft. It ranks in the top 6% of properties in Windsor Park for lot size, and in the top 12% citywide. That’s the strongest metric of this property.
2. Is the assessed value of $383k reasonable for this area?
The assessed value sits above the neighbourhood average ($354k) and slightly below the city average for comparable homes ($390k). On Speers Road specifically, it’s a bit above the street average ($365k). It reflects the land premium rather than the house’s condition or size.
3. How old is the home, and should I expect major repairs soon?
Built in 1965, it’s newer than the average home on Speers Road (1960) and in Windsor Park (1961). That said, it’s still nearly 60 years old. Systems like the roof, furnace, and windows may be original or near end-of-life. A home inspection is advisable to determine what’s been updated.
4. What’s the living space like for a family?
At 1,040 sqft, it’s a modest layout—smaller than the city average of 1,342 sqft for comparable homes. It’s likely a two- or three-bedroom bungalow with one bathroom. Fine for a couple or small family, but tight for anyone needing multiple separate living areas or a large kitchen.
5. Could this property be redeveloped or expanded?
The large lot makes it a candidate for adding a garage, a suite, or an addition—but that depends on Winnipeg zoning and setback rules. Windsor Park is largely residential with single-family homes, so any structural changes would need permits. The lot size is the main asset if you’re thinking long-term about redevelopment.