31 Penrose Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1,186 sqft home built in 1966 on a 6,052 sqft lot, located in the Windsor Park neighbourhood of Winnipeg. Its appeal is largely about relative value within the neighbourhood. The property ranks in the top 12% of Windsor Park homes by assessed value (currently $394k) and top 7% by year built, meaning it's newer than most homes in the area. The living area is slightly above the neighbourhood average but sits right around the middle of the street and city overall.
The land area is a standout citywide—ranking in the top 29% across Winnipeg—which suggests good outdoor space compared to many other properties in the city, even if it's average for the immediate street. The overall picture is a home that offers solid neighbourhood-level positioning without being an outlier on its block.
This property would suit buyers who prioritize being in Windsor Park and want a home that's newer and higher-valued relative to neighbouring properties, rather than seeking the largest living space or a fixer-upper bargain. It may also appeal to someone who values lot size over interior square footage, or who sees the assessed value as a sign of stable long-term investment in the area.
Frequently Asked Questions
1. How does this home compare to others on Penrose Place?
It's right in the middle of the street overall. It ranks 9th out of 26 homes for assessed value and land area, and 12th for living area. It's not the biggest or most expensive on the block, but it's comfortably above average.
2. Is the assessed value a fair reflection of the home's market price?
Assessed value is a snapshot used for property tax purposes, not a market appraisal. In Windsor Park, this home ranks in the top 12%, which is strong, but market price depends on condition, updates, and current demand. It's best used as a relative benchmark, not a firm price.
3. Why does the living area rank lower than the assessed value?
Living area here is only slightly above the neighbourhood average (top 20%), while assessed value is much higher (top 12%). That suggests the home's value comes partly from factors other than square footage—like lot size, age, or upgrades—rather than pure interior space.
4. How does the lot size compare to the city overall?
The 6,052 sqft lot is in the top 29% citywide, which is above average for Winnipeg. Within Windsor Park, it's more average (top 36%), and on the street it's again middling (top 35%). So you're getting a decent-sized lot by city standards, but nothing exceptional for the neighbourhood.
5. Is the 1966 build date a concern?
It's newer than most homes in Windsor Park (top 7% in the neighbourhood), which is a plus. On the street and citywide, it's exactly average. 1966 is a common vintage in Winnipeg, so maintenance history and updates are more important than the year alone.