63 Penticton Bay – Property Summary
Key Characteristics, Appeal & Buyer Profile
This is a solid, mid-range bungalow in Windsor Park, built in 1962, on a 5,774 sqft lot. The living area sits at 1,040 sqft, which is slightly below the street average but closely aligned with the neighborhood average. The assessed value of $346k is below the local median, reflecting a property that isn't pushing the upper end of the market but isn’t undervalued either. The lot size is competitive citywide—ranking in the top 37%—which adds long-term flexibility.
The appeal lies in balance. This isn’t a showpiece or a fixer-upper; it’s the kind of house that offers a reasonable footprint in an established area without inflated expectations. The year built puts it in the neighborhood’s older stock, but it’s not an outlier. For buyers, that can mean fewer surprises with original construction quirks than a 1950s home, while still offering a mature lot and street character.
This property suits buyers who prioritize location stability over square footage. It works well for a first-time buyer looking to enter Windsor Park without overextending, or for someone downsizing who still wants a usable yard and a single-floor layout. It’s less ideal for those who need a large, open-concept interior or a top-tier assessment for resale leverage.
Frequently Asked Questions
1. How does the assessed value compare to the street, and what does that mean for taxes?
The assessed value is $346k, ranking 45th out of 57 homes on the street (bottom 21%). That means your property taxes are likely lower than most of your immediate neighbors’. It also suggests the home hasn’t undergone major recent upgrades that would push assessed value up, which can be an opportunity if you plan to renovate on your own terms.
2. The living area is listed as “below average” on the street—will that limit resale?
It depends on the buyer pool. On Penticton Bay, the average home is 1,182 sqft, so at 1,040 sqft you’re smaller than about 7 out of 10 houses. That can limit appeal for families needing more room, but it also means lower utility costs and a more manageable footprint. Resale may take longer if the market is favoring larger homes, but it’s not a fatal flaw in a stable neighborhood.
3. What does the “Above Average” ranking for year built at the neighborhood level actually indicate?
Within Windsor Park, this home was built in 1962, which places it in the top 26% of homes for newer construction. That doesn’t mean it’s modern—it just means many nearby homes were built earlier. For context, the neighborhood average is 1961, so you’re slightly newer than most, but still in the same era. You can expect similar construction methods and material quality as surrounding houses.
4. Is a 5,774 sqft lot good for a Winnipeg property?
Yes, overall. Citywide, that lot ranks in the top 37%, meaning it’s bigger than about 6 out of 10 comparable homes. On the street, it’s average, and in the neighborhood it’s also around average. So you’re not getting an oversized yard, but you have more space than many city homes—good for gardening, a shed, or a garage addition down the line.
5. How does this home compare to others in Windsor Park for investment potential?
It falls in the middle tier. The assessed value is below the neighborhood average ($354.2k), so there’s room for appreciation if you improve the interior or market conditions shift. The land area and living area are both close to neighborhood medians, which means you’re not betting on a unique asset—you’re buying into a stable, average-performing segment. That’s low risk but also lower upside compared to undervalued or emerging pockets.