Here is a clean, standalone summary of the property at 40 Canberra Road.
Key Characteristics & Buyer Profile
This is a 1,059 sqft bungalow built in 1960, sitting on a 3,292 sqft lot in Winnipeg's Windsor Park neighbourhood. Its main appeal is value: the assessed value ($263,000) is notably high compared to other homes on Canberra Road (Top 25%), but low compared to the wider Windsor Park neighbourhood (Bottom 3%) and the city as a whole (Bottom 20%). This means you’re getting a home that is priced well below the typical home in its area, despite being competitive on its own street.
The living space and lot size are both modest by neighbourhood and city standards. The house ranks in the middle of the pack on its street for size, but drops significantly when compared to the larger lots and homes common in Windsor Park. The appeal here is not for someone seeking maximum square footage or a sprawling yard, but for a buyer who prioritizes a lower entry price in a solid, established area. It would suit a first-time buyer looking to get into a stable neighbourhood, or an investor or flipper who sees potential in a home that is priced well below the local average but sits on a decent street. The property’s age (1960) is typical for the area, so it's a known quantity rather than a risk.
Frequently Asked Questions
1. Why is the assessed value high on the street but low in the neighbourhood?
The street (Canberra Road) has a mix of homes, and this one is among the higher-valued on that specific block. However, the wider Windsor Park neighbourhood contains many larger, newer homes and properties with significantly bigger lots (averaging 6,030 sqft vs. your 3,292 sqft). Those larger homes pull the neighbourhood average up, making this property appear as a strong value relative to its surroundings.
2. Is the 1,059 sqft living area considered small?
It depends on the comparison. It’s average for homes directly on Canberra Road (ranking in the top 35%). However, it is smaller than the average home in Windsor Park and well below the citywide average for comparable homes (1,342 sqft). It is a typical size for a modest postwar bungalow.
3. What does the lot size mean for outdoor space or future expansion?
The lot is 3,292 sqft, which is average for your immediate street but significantly smaller than the standard Windsor Park lot (6,030 sqft average). This means less yard maintenance, but also limited potential for a large addition or garage without a variance. It is a classic city lot, not a suburban one.
4. Is this a good fit for a family?
It depends on the family's needs. The 1,059 sqft single-storey layout is functional for a small family or a couple. However, with an average lot and a typical 1960s build, it lacks the space and newer finishes many families now look for in the neighbourhood. It is a better fit for someone who values location and price over interior size.
5. How does the 1960 build year affect the property?
Homes built in 1960 are very common in this part of Windsor Park. You are not buying something unusually old or new for the area. The key implication is that systems (furnace, roof, windows, electrical) may be original or nearing replacement age. A buyer should budget for potential updates, but the home is not an outlier in terms of age risk.