8 Lochmoor Avenue – Property Summary
Key Characteristics & Buyer Profile
This property stands out most for its lot size. At 9,752 square feet, it ranks in the top 3% on its street, the top 2% in the Windsor Park neighbourhood, and the top 7% citywide in Winnipeg. The lot is significantly larger than the street and neighbourhood averages (both around 5,900–6,000 sqft). The living area is also strong at 1,990 sqft—within the top 2% on the street and top 1% in the neighbourhood, though slightly below the citywide average for comparable homes (1,342 sqft vs. 1,990 sqft, meaning this home is actually notably larger than typical city comps).
The home was built in 1955, which is older than average for its street (1965) and neighbourhood (1961), but roughly in line with many older Winnipeg homes. Its assessed value of $351,000 is around average locally—close to the street and neighbourhood averages, and below the citywide average of $390,100. This suggests the home offers good value for its size and lot relative to newer or more centrally located properties.
Where the appeal lies: The main draw is space—both the large lot and sizable interior. This is not a turnkey new build; it’s a property where the bones and land matter more than the current finishes. The below-average year built means a buyer should expect some updating or maintenance, but the land alone offers flexibility (potential for additions, garages, gardens, or future subdivision depending on zoning).
Type of buyer it suits: Buyers who prioritize land and living space over a modern interior finish. It fits families needing room to spread out, hobbyists who want a large yard, or investors eyeing land value in a stable mid-century neighbourhood. It’s less suited for someone wanting a low-maintenance, move-in-ready home with contemporary fixtures and no renovation work.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's right around the average for Lochmoor Avenue and Windsor Park. The street average is $353,000; the neighbourhood average is $354,200. So the $351,000 assessment is very much in line with what’s typical for this area, even though the house is on a larger lot.
2. Is the large lot practical for additions or redevelopment?
At nearly 10,000 sqft, it’s well above typical lots in the area. Whether you can subdivide or add structures depends on current zoning. Many older Winnipeg neighbourhoods have R1 or R2 zoning with minimum lot sizes; a local planner or the city’s zoning map would confirm. But even without subdividing, the lot gives room for a large garage, workshop, or significant home expansion.
3. Why is the year built (1955) considered below average if many homes in the area are from the 1960s?
The street and neighbourhood averages sit around 1961–1965, so this home is roughly 6–10 years older. That’s not extreme, but it does mean the home predates some common mid-century building code updates. Buyers should budget for potential updates to electrical, plumbing, insulation, or foundation work, depending on what’s been done already.
4. How does the living area rank citywide if it’s below the city average?
This is a bit misleading—the citywide average shown (1,342 sqft) is for comparable single-family homes, not all housing. At 1,990 sqft, this home is actually much larger than that benchmark. The ranking (top 11% citywide) confirms it’s among the bigger homes in Winnipeg, even though it may not feel oversized for a family.
5. What’s the neighbourhood like for resale value?
Windsor Park is an established, centrally located area in Winnipeg with good access to amenities and the river. The assessed value ranks near the middle of the neighbourhood and city, which suggests modest, stable appreciation rather than rapid growth. The large lot and living area give it above-average repositioning potential if updated well, but it’s not in a high-demand “hot spot” neighbourhood that commands a premium.