Property Summary: 279 Speers Road, Winnipeg
Key Characteristics & Buyer Profile
This is a 1971-built home with 1,056 square feet of living space on a 5,840-square-foot lot. Its standout feature is the construction year—ranked in the top 8% on the street and the top 5% in the neighbourhood (Windsor Park). That means it’s newer than the vast majority of nearby homes, which average around 1960–1961. The assessed value sits at $387,000, which is above the neighbourhood average ($354,200) but slightly below the citywide average for comparable homes ($390,100). The living area is close to typical for the area, while the lot size is smaller than the street average (7,802 sqft) but in line with the neighbourhood and city.
The real appeal here is the combination of a newer build with a location in a well-established neighbourhood. Many homes in Windsor Park were built in the early 1960s, so a 1971 home offers more modern construction without the premium of a brand-new infill. The lot is modest but functional—it’s not oversized, which keeps yard maintenance manageable. The assessed value suggests solid equity, but it’s not priced at the top of the market, so there’s room for appreciation.
This property would suit buyers who want a house that’s newer than most in an older, stable neighbourhood—particularly those who appreciate mid-century modern architecture or want a home that’s already been updated (or needs less structural work than a 1960s fixer-upper). It’s also a good fit for someone who wants a reasonable lot size without the upkeep of a larger yard. Investors might see value in the relatively high assessed value per square foot compared to the neighbourhood average.
Frequently Asked Questions
1. How does the lot size compare to other homes in Windsor Park?
At 5,840 square feet, the lot is slightly smaller than the neighbourhood average of 6,030 sqft. It ranks near the middle (52nd percentile) locally but is below the street average because many homes on Speers Road have larger lots. If you’re used to a compact yard, this won’t feel tight—but it’s not a sprawling property.
2. Is the assessed value of $387,000 a good indicator of market value?
It’s a strong reference point but not a direct listing price. The home is assessed above the neighbourhood average ($354,200) but below the citywide average for comparable properties. That suggests it’s well-positioned relative to local comps, but actual market value depends on condition, renovations, and recent sales in the area.
3. Why is the year built such a strong selling point?
In Windsor Park, most homes were built in the early 1960s—the neighbourhood average is 1961. A 1971 build puts this home in the top 5% locally. That means it likely benefits from better insulation, more updated wiring or plumbing, and a layout that feels less dated. For buyers looking to avoid major structural updates, this is a tangible advantage.
4. How does the living space feel for a family or a couple?
At 1,056 square feet, it’s below the citywide average for comparable homes (1,342 sqft), but it’s in line with the street and neighbourhood averages. It’s a functional size for a couple, a small family, or someone downsizing. The space may feel compact if you’re used to a larger home, but it’s consistent with what’s typical in this area.
5. What’s the neighbourhood like in terms of amenities and resale potential?
Windsor Park is an established residential area in Winnipeg with good access to schools, parks, and Trans-Canada Highway connections. Homes here tend to hold value well due to the stable, mature character of the neighbourhood. The relatively newer build and solid assessed value mean resale potential is favourable—though the lot size and living area are average, the construction year will continue to be a differentiator as the area’s housing stock ages.