31 Pembroke Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040-square-foot home built in 1962, sitting on a 5,775-square-foot lot in Winnipeg’s Windsor Park neighbourhood. Its assessed value is $349,000.
What stands out here is not flashiness but balance. The living area is slightly smaller than the street average, but the lot is decently sized—especially when compared citywide, where it ranks in the top 37%. The year built is above average for the neighbourhood (top 26%), meaning the home is older than many nearby but still solidly within a consistent era of construction. The assessed value is slightly below both street and city averages, which may point to an opportunity for buyers who see potential in updating or adding square footage rather than paying a premium for a finished product.
The appeal lies in its middle-of-the-pack positioning. It’s not a standout on any single metric, but it’s not a fixer-upper in a rough pocket either. This property suits a practical buyer—someone who wants a home in an established neighbourhood with reasonable land, is comfortable with a property that hasn’t been over-improved, and prefers a price that reflects that reality over one inflated by curb appeal or recent renovations. First-time buyers who value lot size over interior space, or investors looking for a solid entry point in a stable area, would find it worth a closer look.
Five Possible FAQs
1. How does this home compare to others on the same street?
It’s slightly below average in both living area and assessed value on Pembroke Road, ranking in the bottom third. But it’s right around the middle for land area and year built. So while you’re getting less house than some neighbours, you’re paying less too—and the lot is comparable.
2. Is the land size a strong point?
Yes, relatively speaking. At 5,775 square feet, it’s close to the neighbourhood average and actually ranks well above average citywide (top 37%). In a market where lots keep shrinking, this gives you more outdoor space than many newer or more central homes.
3. Why is the assessed value lower than the city average?
The citywide average for comparable homes is around $390,000, while this property is assessed at $349,000. The living area is smaller than that citywide average (1,040 vs. 1,342 sqft), which is a big factor. Location and condition also play into assessments, but the data suggests the price reflects a more modest interior.
4. What does the year built tell me about the home’s condition?
Built in 1962, it’s part of the original wave of Windsor Park development. The neighbourhood ranking (top 26%) means it was built slightly earlier than many nearby homes, but not unusually old. A 1960s home typically has good bones but may need updates to systems or finishes—something a pre-purchase inspection would clarify.
5. Is this a good investment property?
Potentially. The lower assessed value relative to city averages and the decent lot size offer a lower entry cost and room for future value-adds, like an addition or basement development. The neighbourhood is established, which tends to mean stable demand. Just don’t expect rapid appreciation—this is more of a steady, long-term play than a hot market flip.