Key Characteristics & Ideal Buyer Profile
This 1,040 sqft home on Penfold Crescent sits on a 5,251 sqft lot and was built in 1966. Its assessed value for tax purposes is $355,000.
The property’s main appeal lies in its position within the established Windsor Park neighbourhood. The living space is slightly below the street average but comfortably close to the broader community and city averages, meaning it’s a typical size for the area, not an outlier. The lot is on the smaller side compared to other homes in Windsor Park, but it holds its own relative to citywide numbers. The building date (1966) places it firmly in the era of many older, stable Winnipeg neighbourhoods, and it’s actually slightly newer than the average home in the immediate community.
Where this property stands out most is in its relative value. The assessed price is notably below the street average and falls right at the midpoint for the community and city. This suggests a potentially more accessible entry point into a good residential street without the premium often attached to nearby, larger or newer homes.
This property would particularly suit a buyer who values a solid, unassuming home in a mature neighbourhood over a flashy or maximized footprint. It’s a realistic fit for first-time buyers looking for something decent within a reasonable budget, or for someone who prioritizes a workable lot and location over square footage. The numbers also suggest it could appeal to a buyer who sees potential for modest, incremental improvements rather than a complete overhaul.
Five Possible FAQs
1. How does the property's size compare to others in the area?
The 1,040 sqft living area is smaller than the average on Penfold Crescent (1,238 sqft), but it sits very close to the Windsor Park neighbourhood average of 1,091 sqft. So, it’s smaller than immediate neighbours but entirely typical for the wider community. The 5,251 sqft lot is a bit below the local average for both the street and the neighbourhood.
2. Is the assessed value of $355k a good indicator of market price?
Assessment is a guideline for property tax, not a direct market valuation. The data shows it’s priced below the street's average assessment ($390k) and right in the middle for the community. While not a price tag, this suggests it may be one of the more affordable options on the street relative to its tax basis.
3. Where does this property rank in terms of age and condition?
Built in 1966, the home is older than the average house on Penfold Crescent (1978), but notably newer than many in Windsor Park, where the average build year is 1961. This means you get a home from a stable, well-established era, but it is not among the oldest in the community. Condition would need a personal viewing to assess.
4. Would this property be a good investment for a first-time buyer?
Potentially. The key strength is its value proposition relative to the street—it’s one of the more affordable options by assessment on Penfold. It also offers a solid, average-sized living space by city standards. For a first buyer, it represents a manageable entry into a well-located street without overextending for size or a top-tier finish right away.
5. What should I know about the Windsor Park neighbourhood based on this data?
Windsor Park appears to be a mature, stable area with a mix of housing. Homes here tend to be older (early 1960s average), and land sizes are fairly generous on average. This specific property fits into the neighbourhood’s norm for living space and assessment, but it sits on a smaller lot. It’s not a standout, but it’s a solid, representative home in a well-established community.