31 Lochinvar Avenue – Property Summary
Key Characteristics & Buyer Profile
This property on Lochinvar Avenue in Windsor Park offers a combination that’s rare in this market: a substantial lot paired with an assessed value that significantly outpaces the street and neighborhood averages. The living area (1,232 sqft) is around average for the street and slightly above the neighborhood norm, but the real standout is the land. At 7,635 sqft, it ranks first on the street and in the top 7% across the neighborhood. The assessed value of $441k places it second on the street and in the top 2% of the entire area—an indication that the market has already priced in the land premium. The home itself was built in 1965, which makes it one of the older houses on the street (ranked 19 out of 20) but actually newer than the neighborhood average. This combination means a buyer gets a home that’s relatively modest in size on a lot that offers unusual space and flexibility. The appeal is strongest for someone who values outdoor space, potential for expansion or redevelopment, or simply wants more land than is typical for the area—without paying for a larger house they don’t need. It would suit a long-term owner looking to invest in the land value, a family wanting a big yard in a solid mid-century neighborhood, or a buyer open to future renovations or a rebuild. The house itself is likely functional but dated, so it’s not for someone wanting a turnkey, modern interior.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $441k is well above the street average of $393.9k and the neighborhood average of $354.2k—ranking in the top 2% of the area. This reflects the premium placed on the large lot, not necessarily the house itself.
2. Is the living space small compared to other homes in Windsor Park?
The house is 1,232 sqft, which is slightly above the neighborhood average of 1,091 sqft but below the citywide average for comparable homes. It’s around average for the street. So it’s not unusually small, but it’s compact—especially relative to the generous lot size.
3. What’s the significance of the property being older than others on the street but newer than the neighborhood average?
Built in 1965, it’s one of the oldest homes on Lochinvar Avenue, where the average build year is 1967. But across Windsor Park, many homes date to the early 1960s (average 1961). So while it’s older relative to immediate neighbors, it’s actually newer than much of the surrounding area. That means the home may have a more modern layout or construction methods than many nearby properties.
4. Could the lot be subdivided or developed?
At 7,635 sqft, the lot is substantially larger than the street average (6,207 sqft) and ranks in the top 5% locally. Whether subdivision is possible depends on zoning and city regulations. The size alone suggests potential, but buyers should verify with the city before assuming.
5. How does this property compare to others in the same price range citywide?
Citywide, the assessed value ranks in the top 30%, putting it above the median. But the land area ranks in the top 13%—so for the price, you’re getting significantly more land than most comparable homes in Winnipeg. The trade-off is a smaller-than-average living area for that price tier.