243 Penfold Crescent

243 Penfold Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1989-built home in Windsor Park with 1,132 sqft of living space on a 5,079 sqft lot, assessed at $404,000. The property stands out most for its construction date. It ranks in the top 1% of the neighbourhood for year built (14 out of 3,307 properties), meaning nearly every other house in the area is older—most by two decades or more. For buyers who prioritize a newer build without leaving an established, mature neighbourhood, that’s a real advantage. The assessed value is also notably strong locally: top 7% in Windsor Park ($404k vs. $354k neighbourhood average), which suggests the home has held or gained value relative to its peers.

Where the property is less competitive is land. The lot is below average for both the street and the neighbourhood—smaller than roughly three-quarters of nearby homes. The living area is slightly under the citywide average but sits above the Windsor Park average, so it’s not cramped, just not spacious. The appeal here is less about square footage or a big yard, and more about getting a relatively modern home in a location where older stock dominates. It would suit a buyer who values a move-in-ready, newer construction feel and is willing to trade lot size and interior square footage for that. First-time buyers, downsizers, or anyone looking to avoid major renovation work in an older neighbourhood would find this fitting. It’s less ideal for someone wanting a large garden or room to expand.

Five Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
The assessed value of $404k is notably higher than the Windsor Park average of $354k, placing it in the top 7% locally. However, assessed value isn’t the same as market price—it’s a baseline used for property taxes. Homes in good condition and with newer construction often transact above assessed value in competitive markets, but that depends on current demand and comparable recent sales. It’s a strong indicator of the home’s relative standing, not a guaranteed sale price.

2. The land area is small—will I feel cramped outdoors?
At 5,079 sqft, the lot is below average for both the street and neighbourhood. On a typical 50-foot-wide Winnipeg lot, that translates to less depth than many older homes nearby. You’d have a manageable yard, likely suitable for a small garden, a patio, or minimal landscaping, but not expansive lawn space. If outdoor privacy or room for kids to run is a priority, this might feel tight. For low-maintenance living, it’s a plus.

3. Why does the year built matter so much for this property?
Homes in Windsor Park were largely built in the 1950s and 1960s. A 1989 build means you’re getting better insulation, more modern electrical and plumbing, and likely fewer surprises behind the walls. It also means the roof, windows, and mechanical systems are probably newer than what you’d find in most neighbouring houses. The ranking in the top 1% locally isn’t just a metric—it reflects a meaningful difference in construction quality and maintenance burden.

4. Is this location well-connected for daily life?
Windsor Park is a central-family neighbourhood in Winnipeg, close to the Seine River, parks, and major routes like Lagimodiere Boulevard. It’s not a high-traffic commercial strip, so day-to-day errands typically require a short drive. The trade-off is quieter streets and established tree cover. If walkability to coffee shops or transit is critical, you’d want to check the specific block—Penfold Crescent itself is residential and fairly typical for the area.

5. How does this home compare to others I might find at the same price point city-wide?
Citywide, its assessed value ranks in the top 37%, which is solid but not exceptional. What you’re getting for that tier is a home that’s newer than most competitors in its price range (citywide rank top 23% for year built) but with a smaller lot (bottom 53% citywide). So compared to a similarly priced house in, say, St. Vital or River East, you’d likely get less land and slightly less square footage, but a newer structure. Buyers who prioritize building condition over space will find that trade-off worth making.