1 Lomond Boulevard – Property Summary
Key Characteristics & Buyer Profile
This is a 1,047 sqft home built in 1962, sitting on a 6,102 sqft lot in Windsor Park. The property’s main strengths are its lot size and its position within the neighborhood. The lot ranks in the top 17% on the street and top 29% citywide, meaning there’s more outdoor space than many nearby properties offer. The assessed value of $388,000 is above average for Windsor Park (top 15%), which reflects the lot’s desirability rather than the home itself being overpriced. The living area is below average for the street—about 175 sqft smaller than the street average of 1,221 sqft—and the home is on the older side for its immediate block (built in 1962 versus the street average of 1965). However, within the wider neighborhood, the age is actually average or slightly above, and the living area matches the neighborhood norm.
The appeal here is for buyers who value outdoor space and are comfortable with a home that likely needs updates or cosmetic work. It’s not a turnkey property, but the lot gives room for expansion, a garage, a workshop, or a garden. The kind of buyer this suits: someone who’s handy, looking for a project, or wants to invest in a solid lot in a stable, mid-tier Winnipeg neighborhood. It’s less suited for someone who wants a modern interior or a large living area right away, or someone who prioritizes being directly in a higher-ranked street.
Frequently Asked Questions
1. Is this property a good investment given the below-average living area?
The living area is below average for the street, but it’s right around the neighborhood average. The lot size is the stronger asset. For an investor, the lot’s ranking (top 17% on the street, top 29% citywide) suggests there’s potential for future development or a significant addition, but that requires careful zoning checks and a realistic budget for renovation.
2. How does the assessed value compare to similar homes?
At $388,000, it’s roughly average for the street (which averages $383,900) and above average for the neighborhood (which averages $354,200). It’s about in line with the citywide average for comparable homes ($390,100). The value is being driven by the lot, not the house itself, so the price feels fair if you’re buying the land.
3. What’s the condition of a 1962 home like this?
The age analysis shows it’s older than most homes on its street but newer than many in the broader Windsor Park area. A 1962 build typically means original wiring, plumbing, and insulation are likely original or approaching end-of-life. A thorough home inspection is essential, especially for foundation, roof, and mechanicals. The home’s current condition is not detailed in the data, so you should plan for some major systems to need replacement soon.
4. Why is the lot size a bigger selling point than the house itself?
In a mature neighborhood like Windsor Park, larger lots are scarce. The property’s lot is above average at both the street and city level, and it’s in the top 17% on its street. That gives you flexibility—more privacy, room for outdoor living, and potential to subdivide or build an addition (pending local bylaws). Buyers often overlook lot size, but in the long run, it tends to hold value better than an outdated interior.
5. How does this compare to other homes in Windsor Park?
Windsor Park is a large, established neighborhood with a mix of housing types. This home is around average for living area and age in the neighborhood, but above average in assessed value and lot size. That suggests you’re paying a premium for the lot relative to the house itself. If you’re looking for a home that’s already updated, you might find better value elsewhere in Windsor Park. If you want space and don’t mind a project, this stands out.