Key Characteristics & Buyer Profile

This 1,120 sq ft home on Lochmoor Avenue in Windsor Park offers a balanced profile that stands out most sharply at the local level. Its assessed value of $392,000 ranks in the top 9% on the street and top 13% in the neighbourhood, while its living area sits comfortably above average both on the street and across the wider community. The 1966 construction year places it newer than most homes in Windsor Park (top 7%), though it aligns closely with the citywide average. The 5,671 sq ft lot is near the middle of the range on the street and slightly below average for the area.

The appeal here is subtle but real. The home doesn’t dominate on lot size or citywide living space, but it offers strong relative value within a stable, established neighbourhood. For a buyer, the property represents a known quantity: a solid mid-century home in a walkable, older suburb where comparable properties are priced higher per square foot. The assessed value suggests the home has held or grown its position well locally.

This property suits buyers who prioritize a well-located, functional home in a mature community over a flashy or oversized lot. It fits families or couples looking for a neighbourhood with established schools, parks, and services—where the home itself is sound but may benefit from cosmetic updates rather than structural work. It also appeals to those who value data-driven comparisons and want to avoid overpaying for a street or area where premiums can be inconsistent.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The property's assessed value of $392,000 is above the street average of $353,000 and the neighbourhood average of $354,000, placing it in the top 9% on Lochmoor Avenue and top 13% in Windsor Park. Citywide, it sits near the middle of the pack.

2. Is the lot size a concern for a family home?
The lot is slightly below the street and neighbourhood averages, but not significantly so. At 5,671 sq ft, it's still a standard suburban lot for the area and offers enough space for a yard, garden, or small addition—though not for a pool or large extension without careful planning.

3. Why does the living area rank higher locally than citywide?
Homes in Windsor Park and on Lochmoor Avenue tend to be smaller on average (around 1,091 sq ft) compared to the Winnipeg average of 1,342 sq ft. So this home's 1,120 sq ft stands out locally but is more average when measured against the broader city inventory, which includes many larger newer builds.

4. What does the 1966 build year mean in terms of maintenance?
A home built in 1966 is typical for the area and city. It likely has original construction details like plaster walls, mid-century floor plans, and older mechanical systems. Buyers should budget for updates to major systems (roof, furnace, windows) if not already done, but the home's age also suggests solid framing and established landscaping.

5. Is this property a good investment compared to others on the street?
It's priced above the street average but ranks in the top 9% for assessed value, meaning it's already valued highly relative to its neighbours. That can signal either a well-maintained home or one with recent upgrades. For an investor, the key question is whether the premium is supported by actual condition and finishes—or if it reflects an optimistic assessment that may not hold during resale.