51 Canberra Road – Property Summary
Key Characteristics & Buyer Profile
This 1961-built home on Canberra Road offers 1,033 square feet of living space on a 3,414-square-foot lot. It sits in the Windsor Park neighbourhood of Winnipeg. The property's most notable strength is its assessed value relative to others on the same street: at $297,000, it ranks in the top 7% of the 69 homes on Canberra Road, well above the street average of $253,000. This suggests the home has held or gained value better than many of its immediate neighbours.
The living area is slightly below the street average (1,085 sqft) and well below the citywide average (1,342 sqft). The lot size is comparable to others on the same street, but significantly smaller than typical lots in the wider Windsor Park area and the city as a whole. The build year is essentially on par with the neighbourhood average, and it is the oldest home on its street by a very small margin.
The appeal here is for a buyer who values a home that has performed well in terms of assessed value within its immediate context. It would suit someone looking for a compact, entry-level or downsizing property in a established area, where the financial metrics (tax assessment) are favourable compared to direct neighbours. It is less suited to buyers seeking generous living space or a large yard, as both are below broader averages. The property may also appeal to someone interested in the Windsor Park area but who is price-conscious relative to larger-lot homes nearby.
Frequently Asked Questions
1. The living area is below the city average. Is this house unusually small?
Not unusually so for its street or neighbourhood. The living area is slightly smaller than the average home on Canberra Road (1,085 sqft) and very close to the Windsor Park average (1,091 sqft). It is only when compared to the citywide average of 1,342 sqft that it appears noticeably smaller. The house is typical for its immediate area, not for the city as a whole.
2. Why is the assessed value so much higher than other homes on the same street?
The assessed value ranking (top 7% on the street) suggests the property has features or upgrades that are valued more highly by the assessor than many of its neighbours. This could be due to renovations, a better physical condition, or simply a different original build specification. The exact reasons would require a closer look at the property itself and recent sales data.
3. The lot is 3,414 sqft – is that a problem?
It depends on your expectations. The lot is about average for Canberra Road itself, so you are not getting less than your immediate neighbours. However, it is considerably smaller than the typical Windsor Park lot (6,030 sqft average) and the Winnipeg average (6,570 sqft). If you want a large garden or significant outdoor space, this property may not meet that need.
4. Is a 1961 build a concern in terms of maintenance?
1961 is a common build year in this neighbourhood and not unusually old. The property is the very oldest on its street, but only by a year compared to the street average (1960). The condition of the home is not indicated by the build year alone. Any home from the early 1960s may have original systems (electrical, plumbing, roof, foundation) that require attention, but this is not specific to this property and would need an inspection.
5. How does this property compare to others in Windsor Park overall?
In summary: It has a higher-than-average assessed value for its street but a lower-than-average assessed value for the wider Windsor Park area. Its living area is close to the neighbourhood average, but its lot is far smaller. It is a typical example of a smaller, higher-density lot within a neighbourhood that generally features larger properties. It offers a more affordable entry point into the area relative to the larger-lot homes.