4 Lachine Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,020 sqft home built in 1961 on a 5,772 sqft lot in Windsor Park. Its standout feature is its assessed value: at $391,000, it ranks in the top 19% on the street and top 13% in the neighbourhood—significantly above local averages. This suggests the property holds strong relative value, even though its living area and lot size are around or slightly below neighbourhood medians. The home is not unusually large or new, but it appears well-positioned in terms of tax assessment compared to nearby homes. It would suit a buyer who prioritizes value and stability over square footage or a recent build—someone looking for a solid, modest home in a neighbourhood where comparable properties are assessed higher, potentially indicating above-average condition or desirable location features not captured by size alone.

FAQs

1. How does the assessed value compare to the actual market price?
   Assessed value is a municipal figure used for property tax calculation, not a market price. A high assessed value relative to neighbours can indicate the home is in good condition or in a sought-after pocket, but it does not guarantee a corresponding sale price. Market conditions and buyer demand will ultimately determine the selling price.

2. Why is the living area ranked as below average on this street, but the lot size is around average?
   The street’s average living area is 1,111 sqft, so 1,020 sqft is roughly 8% smaller. The lot, at 5,772 sqft, is very close to the street’s average of 5,939 sqft. This means the home itself is slightly smaller than neighbouring houses, but the land footprint is typical for the area. Some buyers may see this as an opportunity for a future addition if zoning allows.

3. The home was built in 1961—are there common maintenance concerns for this era?
   Houses from the early 1960s often have original mechanical systems, windows, and insulation that may need updating. It is worth checking the age of the roof, furnace, and electrical panel. However, this vintage is also known for solid construction and larger lot sizes compared to newer infill builds. A home inspection is strongly recommended.

4. How does Windsor Park compare to other neighbourhoods in Winnipeg for long-term value?
   Windsor Park is an established, mature neighbourhood with a mix of post-war housing. It tends to be more affordable than areas like River Heights or Crescentwood, but offers good access to parks, schools, and the Seine River. The property’s above-average neighbourhood ranking for assessed value suggests it sits in a relatively strong pocket within Windsor Park.

5. What does “around average” mean for the year built ranking?
   It means the home’s age is typical for the street (average 1962) and neighbourhood (average 1961), but slightly older than the citywide average of 1966. This is not unusual for Windsor Park, where most homes were built between the late 1950s and early 1970s. The age alone is not a red flag, but it reinforces the need to review major systems.