30 Alderwood Road – Property Summary
Key Characteristics & Buyer Suitability
This is a 1955-built home with 753 sq ft of living space on a 6,002 sq ft lot, located in Winnipeg’s Windsor Park neighbourhood. Its assessed value is $334,000.
What stands out: The land is the property’s strongest asset. At 6,002 sq ft, it ranks 4th out of 35 homes on Alderwood Road (top 11%), and sits comfortably above the street average of 5,487 sq ft. For a property built in 1955, it is actually the oldest home on the street—but that also means it was likely one of the first built in the area, which can appeal to buyers looking for established neighbourhoods with mature trees and larger lots.
The living space is modest at 753 sq ft, well below both the street average (841 sq ft) and the Windsor Park average (1,091 sq ft). The assessed value is very close to the street average ($327,000) but below the neighbourhood average ($354,000). In other words, you’re paying roughly what others on the street are paying, but for a smaller house and a notably larger lot.
Where the appeal lies: This is not a home for someone seeking move-in-ready square footage or a freshly updated interior. The real value is in the land—a generous lot in a well-established Winnipeg neighbourhood. For a buyer who sees potential in renovating, adding on, or even rebuilding, the property offers a strong land-to-price ratio. It could also suit someone who values outdoor space over indoor square footage, or an investor looking for a lot in a stable area with good street-level comparables.
Buyer type it suits: Buyers who prioritize lot size over house size. Renovators, builders, or homeowners willing to invest in an expansion. People who like Windsor Park’s character and want to put their own stamp on a property rather than paying a premium for someone else’s upgrades. Less suited for families needing immediate interior space or buyers who want a home that requires minimal work.
Frequently Asked Questions
1. How does the property’s size compare to others in Windsor Park?
The home is smaller than most in the neighbourhood—753 sq ft versus the area average of 1,091 sq ft. However, the lot is slightly above average for Windsor Park (6,002 sq ft vs. 6,030 sq ft), and well above the street average. The mismatch between house size and lot size is the defining feature here.
2. Is the assessed value a fair indicator of market price?
Assessed value is not the same as market value, but it provides a useful baseline. At $334,000, this property is very close to the Alderwood Road average ($327,000) and below the Windsor Park average ($354,000). Given the smaller house and larger lot, the final sale price will likely depend on how buyers value the land relative to the structure.
3. What condition should I expect from a 1955 home?
The property is the oldest home on the street, which often means original features, potential for older mechanical systems, and possibly deferred maintenance. A thorough inspection is essential. That said, older homes in this price range sometimes have been updated in phases—expect a mix of original and newer elements rather than a fully modernized interior.
4. Could this property be a good candidate for a renovation or addition?
Possibly. The lot size offers flexibility, and the fact that the assessed value is close to the street average despite the smaller house suggests there may be room to add value through expansion. However, you’ll want to check local zoning rules, setback requirements, and any neighbourhood restrictions before committing. Windsor Park has a mix of original bungalows and expanded homes, so precedent exists.
5. What’s the street like, and how does this home fit in?
Alderwood Road is a short, established street in Windsor Park with 35 properties. The homes are fairly consistent in age and style, with this being the oldest by build year. The house is smaller than most on the street, but the lot is among the largest. That means it may stand out in terms of yard space, but the overall look and feel of the street is cohesive. If you’re looking for a home that blends in while offering more outdoor room, this fits that description.