5 Maywood Road – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1,042-square-foot home built in 1962 on a 5,697-square-foot lot in Windsor Park. Its standout feature is the build year: on Maywood Road, it's the oldest home on the street (ranked 1 out of 28), and in the neighbourhood it sits in the top quartile for age. That matters less for prestige and more for what it implies—this is a house from a period when construction standards were often solid, and it has likely seen fewer of the cookie-cutter renovations common in newer builds. The assessed value of $334,000 is below the street average of $358,900 and the neighbourhood average of $354,200, which keeps the entry price relatively accessible compared to nearby homes. The living area is slightly above the street average but below the citywide average for comparable homes. The lot size is essentially average for the street and neighbourhood, but larger than many citywide equivalents.
The appeal here isn't about flash or finished square footage. It's a home with good bones in a stable, established area, priced below what similar homes on the same street are valued at. That assessment gap suggests either a need for updating or a more conservative valuation—either way, it offers potential for a buyer willing to put in some sweat equity or negotiate on price. The property would suit someone looking for a solid starter home in a mature neighbourhood, a downsizer who values a manageable interior but wants a decent-sized yard, or an investor who sees upside in the below-street-average assessment.
Frequently Asked Questions
1. How does the assessed value compare to the asking price?
The assessment is $334,000. It's below both the street average ($358,900) and the neighbourhood average ($354,200). If the asking price is close to assessment, it's priced conservatively. If it's above, you're paying a premium over the city's valuation—worth understanding what justifies that difference.
2. Is Windsor Park a good area for resale value?
Windsor Park is an older, established neighbourhood with average rankings for living area and lot size citywide. It's not a hot, fast-appreciating area, but it's stable. Resale will depend more on the condition of the home and any updates made than on the street name.
3. What kind of renovations would make the most impact here?
Given the below-average assessment and age of the home, kitchen and bathroom updates typically offer the best return. But don't overlook energy upgrades—windows, insulation, and mechanical systems—which add value that appraisers recognize, even if they aren't as visible.
4. How does the lot size compare to newer developments?
At 5,697 square feet, the lot is slightly below the citywide average of 6,570 square feet for comparable homes. But newer subdivisions often have smaller lots. This is a typical mid-century city lot—enough for a decent garden, not enough for a subdivision-sized backyard.
5. What's the neighbourhood like in terms of demographics and feel?
Windsor Park is a classic post-war Winnipeg neighbourhood. It's largely residential, with a mix of retired homeowners and younger families moving in as older residents sell. The streets are quiet, and it's close to major routes but not dominated by traffic. It's not trendy—it's practical.