60 Peterboro Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,413-square-foot bungalow built in 1963 on a 6,169-square-foot lot in Windsor Park (Winnipeg). The property’s main appeal is its unusually generous living space relative to the neighbourhood. It ranks in the top 7% for living area within Windsor Park (well above the local average of 1,091 square feet), and in the top 16% on its own street. That extra space isn’t reflected in the assessed value, which sits at $371,000—almost exactly average for Peterboro Bay and only modestly above the neighbourhood median. This means a buyer gets significantly more interior room than most nearby homes without paying a premium for it. The lot is also slightly larger than the citywide median, though not unusually so within Windsor Park itself.
The property would suit buyers who prioritize square footage over a renovated kitchen or trendy finishes—someone willing to put work into a structurally sound 1960s home in exchange for above-average living area in an established, mid-century neighbourhood. It may also appeal to those comparing by assessed value rather than list price, as the tax and valuation picture is stable relative to surrounding properties.
Five Possible FAQ
1. Why is the living area ranked so much higher than the assessed value?
Living area and assessed value don't move in lockstep. A home can have more square footage but still be assessed near the median if the overall condition, interior finishes, or mechanical systems are dated. This property likely has solid bones but hasn't been recently upgraded in ways that drive up valuation.
2. What does “around average” on the street actually mean for resale?
It means the price and year built are squarely in the middle of what’s typical for that block. That’s not a red flag—it suggests the property isn’t overpriced or unusually old—but it also doesn’t stand out as a premium asset. The real value is in the size, not a flipped interior.
3. How should I interpret the year built ranking (top 19% in the neighbourhood)?
A 1963 build is slightly newer than the Windsor Park average (1961), and significantly newer than many citywide comparables. That could mean the foundation, roof, or framing are in better shape than some older neighbouring homes, but you’d still want an inspection to confirm—decade alone isn’t a guarantee.
4. Does a larger-than-average living area mean higher utility costs?
Generally yes—more space to heat and cool, especially if the home still has original windows or insulation from the 1960s. That's something to budget for, but it also means there's room for efficiency improvements that would add value over time.
5. What’s the most overlooked factor in this property’s data?
The citywide land area ranking (top 27%) is stronger than you might expect from a modest-looking lot. That suggests the property has a relatively spacious backyard or side yard compared to many Winnipeg homes, not just those in Windsor Park. If outdoor space matters, that’s a quiet advantage.