16 Lochmoor Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a property defined by exceptional land size and living space relative to its surroundings. The house sits on a 10,402 sqft lot—the largest on Lochmoor Avenue and within the top 1% of Windsor Park. At 1,967 sqft of living area, it ranks second on the street and in the top 1% of the neighbourhood, where the average home is roughly 1,090 sqft. The assessed value of $442,000 is also the highest on the street and among the top 2% in the area, reflecting the premium placed on size rather than finish or modernity.
The trade-off is age. Built in 1952, it’s the oldest house on the street and among the oldest in the neighbourhood. Buyers should expect original construction details, potential for updates, and the kind of bones that come with a mid-century home. The appeal here is not a move-in-ready renovation, but raw potential: a rare large lot in an established neighbourhood, with generous square footage that can be reimagined. This property suits buyers who prioritize space and location over turnkey condition—someone willing to invest in structural updates or a full renovation to unlock the value of the land and footprint.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value reflects land size and living area more than condition. On a street where most homes are around 1,100 sqft on roughly 6,000 sqft lots, this property is nearly double in both categories. The tax assessment is driven by those metrics, not by recent upgrades or interior finishes.
2. Is the house structurally sound given it was built in 1952?
That depends on what’s been maintained. The data doesn’t cover renovations, foundation condition, or systems age. A 1952 home typically has original framing and materials that can be sound if properly cared for, but buyers should budget for a thorough inspection of the foundation, roof, plumbing, and electrical—especially if those haven’t been updated.
3. How does the lot size actually compare to other properties in Windsor Park?
The lot is nearly 70% larger than the neighbourhood average of 6,030 sqft. It ranks 34th out of 3,307 properties in the area, meaning it’s in the top 1% for land size. This is the single strongest feature of the property and likely its main source of long-term value.
4. What kind of renovations would make sense for a home this old?
Given the generous footprint, a gut renovation or addition that respects the existing layout could be worthwhile. Many buyers in this situation consider opening up the floor plan, updating insulation and windows, and modernizing systems while keeping the original character. The large lot also allows for expansions, a garage, or landscaping that smaller lots in the area cannot accommodate.
5. Is this a good investment or more of a personal project?
It could be either, depending on your goals. The land-to-value ratio is high, which historically holds value well in established neighbourhoods. But the house itself will need attention. Investors might see it as a teardown candidate or a major flip, while families might see it as a long-term home to customize. It’s not a passive buy—it requires active decision-making about how much work you want to take on.