Key Characteristics & Buyer Profile

This is a 1,078 sqft home on a 5,882 sqft lot, built in 1966, located on Lochmoor Avenue in Winnipeg's Windsor Park neighbourhood. Its assessed value is $395,000.

The property's real strength is its lot and assessed value relative to the immediate street. The lot ranks in the top 18% on Lochmoor Avenue, and the assessed value lands in the top 8%—significantly above the street average of $353,000. That suggests either recent improvements, a particularly desirable position within the block, or both. The living space, while slightly below the citywide average of 1,342 sqft, is right in line with what's typical for both the street and the Windsor Park area, meaning the home isn't unusually small for its setting.

The home's age (1966) is also slightly newer than the neighbourhood average, placing it in the top 7% locally. That matters less for prestige and more for practical considerations: it's newer than the bulk of nearby houses, which often date to the early 1960s, so major systems may be on a slightly later replacement cycle.

Who this suits: Buyers who want a solid, mid-century home on a good-sized lot in a stable, established neighbourhood. It's not a "turn-key" modern interior (most 1960s homes need updating), but the lot and location offer room to add value. It would work well for someone willing to invest in renovations over time, or who prioritises outdoor space and a strong street over a larger floor plan. The assessed value being ahead of the street suggests this is already one of the more improved properties on the block, which can reduce the risk of buying into a pocket that's lagging behind.

Frequently Asked Questions

1. How does the property tax assessed value compare to what I'd actually pay for the home?
The assessed value ($395,000) is not the market price; it's the city's estimate for tax purposes. The fact that it ranks in the top 8% on the street and 11% in the neighbourhood suggests the home is considered more valuable than most nearby properties. You'd still need a market appraisal to set an offer price, but a high assessed value relative to the street often correlates with a higher eventual sale price.

2. The living space is below the city average. Is the house cramped?
Not necessarily. The average for Windsor Park is actually very close to this home's size (1,091 vs. 1,078 sqft), so it's typical for the area. The citywide average is inflated by larger new-build subdivisions on the outskirts. For a 1960s bungalow or split-level, 1,078 sqft is a comfortable mid-range footprint. It's the lot and the assessed value, not the square footage, that make this property stand out.

3. What condition should I expect from a 1966 home?
A home of this vintage will almost certainly have original features—plaster or drywall, cast iron drains, possibly knob-and-tube wiring or an older panel, and either original windows or replacement windows from a previous decade. The roof, furnace, and foundation are the big questions. Since the assessed value is above the street average, the current owner may have made some upgrades, but you should verify the age of major mechanicals. In Windsor Park, many homes of this era still have their original main-floor layout, so be prepared for a galley kitchen and smaller bathrooms.

4. How does the lot size compare to newer developments?
The lot is 5,882 sqft—above average for the street but close to average for Windsor Park and slightly below the citywide average. What matters is that newer subdivisions often have smaller lots, sometimes under 4,000 sqft. A lot this size is increasingly uncommon in new builds, which gives this property more long-term flexibility (future additions, a garage, gardens, or simply more privacy between neighbours).

5. What does "ranked 5th on the street" for assessed value actually mean?
It means that out of 65 properties on Lochmoor Avenue, only four have a higher city-assessed value. That's a strong signal that this home is among the most improved or best-located on the street. However, it also means you're paying for that position—don't expect to find a bargain here. You're buying one of the top-tier homes on the block, which generally offers better resale protection but less upside for immediate gains.