69 Lomond Boulevard – Property Summary
Key Characteristics & Buyer Profile
This 1,220-square-foot bungalow, built in 1966, sits on a 5,883-square-foot lot in Windsor Park. The biggest draw is its assessed value: ranked 2nd on the street and 48th in the neighbourhood—both in the top 3% and top 1%, respectively. That means it's one of the higher-valued homes in an area where most comparable properties are assessed lower. The living space is near the street average but slightly above the neighbourhood average, suggesting a solid but not oversized floor plan. The lot, while slightly smaller than the street average, is still in the 35th percentile citywide—respectable. The home is newer than most in the immediate area (top 7% in the neighbourhood), though right at the citywide median.
The appeal here isn't square footage or land; it's value retention. The property holds its worth relative to peers, which matters if you're concerned about resale or equity. This isn't a fixer-upper opportunity or a teardown for a bigger build—the lot isn't oversized—but it's a stable, well-positioned family home. It would suit a buyer looking for a move-in-ready property in a middle-aged neighbourhood with strong relative value, rather than someone chasing maximum space for the dollar. The numbers suggest a house that's been maintained and sits on a decent street.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s well above average. On the street, it ranks 2nd out of 58 homes (top 3%), and in the neighbourhood, it ranks 48th out of 3,307 (top 1%). Compared to citywide averages, it’s still above the typical comparable home but not outlier-level.
2. Is the living space considered small for this area?
No. At 1,220 square feet, it's almost exactly the street average (1,221 sqft) and above the neighbourhood average (1,091 sqft). It's slightly below the citywide average for comparable homes (1,342 sqft), but not by much—it's in the top 48% citywide.
3. What's the advantage of the year built?
1966 is newer than most homes in Windsor Park (top 7%) and on Lomond Boulevard (top 10%). This could mean fewer structural updates needed compared to older homes in the area, though it's not modern. It's right at the citywide median for comparable homes, so it's unremarkable citywide.
4. Is the lot large enough for an addition or redevelopment?
It's workable but not generous. The lot is slightly below the street average (5,883 sqft vs. 6,165 avg) and in the 49th percentile in the neighbourhood—so it's typical, not oversized. A modest addition might be possible, but don't count on a tear-down for a larger house; city averages are bigger, and this lot is below that.
5. Why is the assessed value so much higher than neighbourhood and street averages?
The data doesn't give a direct reason, but high relative value often reflects recent renovations, superior condition, a desirable layout, or a location advantage (like a corner lot or quieter street position) that isn't captured by square footage or year built alone. It's worth comparing condition and recent sales directly.