5 Maplehurst Road, Winnipeg
Property Overview
This is a 1,034-square-foot home built in 1961 on a 5,986-square-foot lot in Windsor Park. Its key characteristic is a notable disconnect between its living space and its assessed value. The home’s living area is around average for its street, neighbourhood, and city—ranking in the middle percentiles across all three scopes. However, its assessed value of $409,000 is a clear standout: it ranks 2nd out of 20 homes on Maplehurst Road (top 10%) and 204th out of 3,307 in Windsor Park (top 6%). This suggests the property’s value is driven less by square footage and more by factors like lot desirability, location within the neighbourhood, or specific updates that aren’t captured by raw size data. The year built (1961) is among the oldest on the street, which may appeal to buyers who value the character and construction of mid-century homes. The land area is slightly above the street average but below the citywide average for comparable homes, placing it in the top third citywide.
The appeal here is not about getting the most house for the money—it’s about the value proposition of the land and location. A buyer who prioritizes a strong neighbourhood ranking, a well-rated assessed value relative to similar homes, and a solid lot size in an established area will find this property compelling. It would suit someone who sees long-term potential in Windsor Park, values stability and good comps over a modern, oversized interior, and isn’t looking for a fixer-upper in need of major structural work. It’s also a reasonable fit for an investor or buyer who wants a home that already sits at a strong value point in the local market.
Frequently Asked Questions
1. Why is the assessed value so high compared to the living area?
Assessed value reflects market factors beyond just square footage, including lot desirability, overall location within the neighbourhood, the condition of the home, and recent sales of comparable properties nearby. In this case, the home ranks much higher in assessed value than in living area, which typically means the property is being valued for its land, location, or specific upgrades rather than its interior size.
2. How does the year built (1961) affect the home’s condition or maintenance needs?
A 1961 build is common in Windsor Park and can mean solid construction, but it also means systems like plumbing, electrical, and insulation may be original or near the end of their lifespan. Without specific inspection data, a buyer should budget for potential updates, though the home’s strong assessed value ranking could indicate that some improvements have already been made.
3. How does the land area compare to other homes in the area?
The lot is 5,986 square feet, which is slightly above the street average of 5,922 and close to the neighbourhood average of 6,030. Citywide, it ranks in the top third (top 33%) for land area among comparable homes, so it offers a reasonably generous yard for the area without being exceptionally large.
4. What does the “top 6%” assessed value in the neighbourhood really mean?
It means that out of 3,307 comparable homes in Windsor Park, only about 200 have a higher assessed value. This is a strong position and often signals a property that is well-maintained, well-located, or on a particularly desirable block. It doesn’t guarantee future appreciation, but it does suggest the home is already valued above most of its neighbours.
5. Is this home a good fit for a first-time buyer or someone looking to renovate?
It could work for a first-time buyer if they’re comfortable with a modest interior size and want to be in a strong-value area without overpaying. For someone planning major renovations, the high assessed value relative to living area could mean they’d be paying for location more than the house itself—so they should weigh whether renovations would add enough value to justify the purchase price. It’s less suited to someone seeking a large, open-concept modern home right away.