This 1,054 sqft home sits on a 5,990 sqft lot in Windsor Park and was built in 1958. Its strengths are not in size or land, but in value relative to its immediate street and neighbourhood. The property is assessed at $375,000, which ranks above average on Erie Bay (top 35%) and well above the neighbourhood average for Windsor Park (top 25%). This suggests the home holds its value better than many others nearby, likely due to condition, interior updates, or lot configuration that isn’t captured by square footage alone.
The living area is below the street average, and the land area ranks in the bottom 12% on Erie Bay. So the appeal here isn’t space—it’s getting a well-positioned property (in terms of assessed value) in a solid, established area, potentially with room for a renovation or addition. The year built is slightly older than the neighbourhood median but newer than many on the street, which may appeal to buyers looking for the character of a 1950s home without the most dated bones.
This property would suit buyers who prioritize location and value per dollar over sheer square footage. It’s a strong candidate for someone looking to enter a desirable mature neighbourhood, or for an investor who recognizes that the low living-area ranking might not reflect the home’s actual livability or upside. It could also appeal to downsizers who want a manageable footprint with a decent lot.
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How does the assessed value compare to similar homes nearby?
At $375,000, this home ranks in the top 35% on Erie Bay and top 25% in Windsor Park, meaning it’s worth more than the typical home in both the immediate street and the broader neighbourhood. The assessed value is slightly below the citywide average for comparable homes.
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Is the living area too small for a family home?
It depends on your needs. At 1,054 sqft, it’s about 10% smaller than the average home on Erie Bay. However, it’s close to the neighbourhood average and many families live comfortably in homes of this size. The lot is large enough that an addition could be feasible.
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Why is the land area ranked so poorly on the street if it’s a decent lot?
Erie Bay has some unusually large lots. The average on the street is 6,304 sqft, and 35 out of 40 homes are larger. But compared to the neighbourhood overall, the 5,990 sqft lot is right around average, and citywide it ranks in the top third. It’s only small relative to its immediate neighbours.
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Does the older construction mean higher maintenance?
A 1958 build is typical for Windsor Park. It predates some of the newer builds in the area, but many homes from that era have solid foundations and good bones—just be prepared for potential updates to electrical, plumbing, or insulation. The assessed value suggests the home has been maintained or improved.
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How does this property compare to new builds or newer neighbourhoods?
It won’t compete with new construction on open-concept layouts or energy efficiency. But for the same price, a new build would likely be farther from the city centre, on a smaller lot, and with lower property value appreciation. This home offers established streets, mature trees, and a location that’s closer to the core.