This 1,220 sqft bungalow, built in 1967, sits on a 6,301 sqft lot in Windsor Park. Its standout feature is assessed value: ranked 2nd out of 26 homes on the street (top 8%) and in the top 7% of the neighbourhood, suggesting the property carries above-average equity relative to its immediate peers. The living area is around average for the street and city, but land area ranks in the top 15% locally and top 25% citywide—so you’re getting more outdoor space than many comparable homes. The year built is also notable (top 5% in the area), meaning the home is among the newer builds in an established neighbourhood.
The appeal here is less about size and more about positioning. For a buyer, this is a property that punches above its weight in value and lot size within its immediate context, without being oversized or flashy. It would suit someone looking for solid, mid-century construction in a mature neighbourhood with good land—perhaps a family wanting yard space, or an investor or renovator who sees the gap between assessed value and citywide averages as an opportunity. It’s not a “best on the block” home in every category, but it’s consistently above average where it counts: lot, value, and age.
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How does this property compare to others on Penrose Place?
It ranks top 2 for assessed value, top 4 for land area, and is the newest home on the street (year built). Living area is roughly average for the street.
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Is the assessed value a reliable indicator of market price?
Assessed value is a municipal estimate based on comparable sales, not a precise market price. Being in the top 8% on the street means it’s valued well above neighbours, but actual sale price depends on condition, upgrades, and market timing.
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What does “top 25% citywide for land area” mean in practice?
The lot is 6,301 sqft, which is larger than 75% of comparable properties across Winnipeg. That translates to more backyard or expansion space than most city lots, without being oversized.
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Is a 1967 home likely to need major updates?
Not inherently, but typical items for this era include older windows, insulation, and possibly mechanical systems. Being newer than most homes in the neighbourhood (top 5%) is a modest advantage, but a home inspection is still essential.
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Who typically buys in Windsor Park?
Families, downsizers, and buyers who want a stable, established neighbourhood with decent lots and accessible amenities. It’s not a trendy area, but it offers solid value and lower turnover compared to more popular districts.