58 Penrose Place – Property Summary
Key Characteristics & Buyer Fit
This is a 1,509 sqft home built in 1967 on a 6,232 sqft lot in Windsor Park, Winnipeg. Its standout feature is living space: it ranks in the top 4% of homes in its neighbourhood for square footage, and is one of the largest on its street. The assessed value of $406,000 tracks above the local average but remains roughly in line with citywide medians, suggesting the size advantage hasn’t been fully priced in relative to other city properties.
The land itself is slightly above the Windsor Park average but not unusually large—the appeal here is interior room, not yard space. The home is also notably newer than many in the area, ranking in the top 5% of the neighbourhood by year built.
Who it suits: Buyers who prioritize generous indoor square footage over lot size, especially those comparing within Windsor Park or similar central Winnipeg neighbourhoods. It may also appeal to someone looking for a 1960s home that’s younger than typical for the area, potentially meaning fewer deferred maintenance issues tied to very old construction. It's less suited to someone wanting maximum land or a below-market entry price—value is solid but not a steal.
Frequently Asked Questions
1. How does this home compare to others on Penrose Place specifically?
It’s the largest in terms of living area and has the highest assessed value on the street, ranking #3 out of 26 homes. The year built is also the newest. Land area is around average for the street—you’re not getting an oversized lot, but you’re well ahead on interior space.
2. Is “top 4% for living area in the neighbourhood” actually noticeable day-to-day?
Yes, if room layout is a priority. 1,509 sqft in Windsor Park puts you well above the local average of 1,091 sqft. That extra 400+ sqft typically translates to larger bedrooms, a proper dining area, or a floor plan that doesn’t feel tight. It’s a meaningful difference for a family or anyone who works from home.
3. The assessed value seems high for the street but average for the city. Is it overpriced?
Not necessarily. The higher street value reflects the fact that this is one of the largest and newest homes on Penrose. Citywide, it’s only slightly above average—so you’re not paying a dramatic premium compared to other Winnipeg homes of similar size and age. It looks reasonable when you zoom out.
4. Does “ranked top 5% for year built” in the neighbourhood mean it’s a well-maintained property?
Not automatically—year built is just age, not condition. But being newer than 95% of nearby homes (most built around 1961) can mean fewer original-system overhauls, like older wiring or cast-iron plumbing. You’d still want an inspection, but the odds of certain age-related issues are lower than with a 1950s home.
5. Land area is only around average for the neighbourhood. Does that limit anything?
It depends on your needs. At 6,232 sqft, the lot is typical for Windsor Park and citywide. If you were hoping for a giant yard or room for a future addition, this isn’t that property. But for a standard detached house with a garden, driveway, and some outdoor space, it’s completely adequate. The trade-off is more indoor space per square foot of land.