Property Overview
This 1955 one-storey home in Windsor Park sits on a large, nearly 5,000 sqft lot. Its key appeal lies in a balance of space, location, and value. The living area is a modest 781 sqft, but the property includes a renovated basement, adding functional space. It ranks highly for lot size within its desirable neighbourhood and for its newer build date relative to others on its street. The detached garage and the home's position in a top-tier Winnipeg neighbourhood add to its practical and long-term appeal. This property would suit a first-time buyer seeking a manageable home in an established area, an investor looking for a property with solid fundamentals and renovation potential, or a downsizer wanting a single-level layout with a generous yard without leaving a sought-after community.
A thoughtful perspective is that while the house itself is compact, the large lot offers rare potential for expansion or outdoor living in a mature neighbourhood. Additionally, its assessed value has remained stable, suggesting a well-maintained asset in a consistent market rather than a speculative play.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 781 sqft, the main floor living area is smaller than many comparable homes in Windsor Park. However, the renovated basement provides additional finished space, and the lot size is significantly above average for the area.
2. What does the "rank by year" mean for a 1955 home?
The rankings are relative. While built in 1955, this home is newer than 98% of the other houses on Arundel Road, indicating it is among the most recent builds on a street with many older properties.
3. Is the stable assessed value a good sign?
The assessed value has remained nearly identical from its last sale in 2021 to the current assessment. This can indicate a property that is accurately valued and maintained, without wild market fluctuations, which can be appealing for stable, long-term ownership.
4. Who might find the smaller main floor layout advantageous?
The one-storey, sub-800 sqft main floor is very manageable. It could be ideal for empty-nesters downsizing, first-time buyers who want to minimize upkeep, or as a strategic purchase where the value is in the land and location, with future expansion possibilities.
5. How does the lot size impact the property's potential?
The nearly 5,000 sqft lot is a standout feature. It offers ample private outdoor space, room for gardening, play, or entertaining, and provides a valuable buffer and sense of privacy that is less common on newer, denser lots.