7 Ormiston Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1972 home with 988 square feet of living space on a 5,498-square-foot lot, in the Windsor Park neighbourhood of Winnipeg. Its assessed value is $364,000.

The property’s standout feature is its age relative to surrounding homes. It ranks among the newest homes on its street (top 9%) and in the top 3% of its neighbourhood for year built. In a pocket of Windsor Park where the average home dates to 1961, this is a genuinely newer build—a less obvious advantage for buyers who want a mid-century floor plan without the deferred maintenance of an older structure.

Living area is slightly below the street average (988 sqft vs. 1,030), and the lot is smaller than most nearby properties. Assessed value lands close to the middle of the pack across all three comparison levels. The property doesn’t stand out for size or land, but its newer construction means systems, roof, and finishes may be in better shape than many neighbouring homes.

This would suit a buyer who prioritises lower-maintenance ownership and a newer shell over square footage or a large yard. It’s a practical fit for first-time buyers, downsizers, or anyone looking for a solid entry point in a stable, established neighbourhood without immediately needing major renovations.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in Windsor Park?
At $364,000, it’s slightly above the neighbourhood average of $354,200 but below the citywide average of $390,100. It’s ranked around the middle on its street and across the city, suggesting it’s fairly priced relative to comparable properties.

2. Is the living area too small for a family?
988 square feet is compact by current citywide standards (average: 1,342 sqft), but it’s close to the average on this street. The floor plan likely prioritises efficiency over extra rooms. Best suited for couples, small families, or buyers who don’t need a formal dining room or multiple spare bedrooms.

3. Why is the lot considered below average, and does that matter?
The lot is 5,498 sqft, smaller than both the street and neighbourhood averages. This means less outdoor maintenance and possibly a smaller backyard. It matters less if you’re not into gardening or large outdoor entertaining, but it could be a drawback for buyers wanting space for additions, a garage, or a big yard for kids or pets.

4. What does “top 3% for year built” actually mean for condition?
It means this home is significantly newer than 97% of homes in the Windsor Park area. Practically, that often translates to better insulation, updated electrical and plumbing in line with 1970s codes, and a roof and major systems that may be younger than those in older homes. It doesn’t guarantee perfection, but it reduces the likelihood of immediate, costly replacements.

5. How does this property compare to others currently for sale in the area?
Without current listings data, the general pattern is that Windsor Park has many older homes on larger lots. This property trades lot size and square footage for a newer build and likely less renovation work. It may appeal more to buyers who want to move in without a major project, rather than those hunting for a renovation opportunity or extra land.