86 Lochmoor Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1967-built home with 800 sq ft of living space on a 5,459 sq ft lot, located on Lochmoor Avenue in Winnipeg's Windsor Park neighbourhood. Its assessed value is $349,000.
What stands out here is the year built. This property ranks in the top 3% on its street and top 5% in the neighbourhood for construction year—meaning it's newer than most homes immediately around it. That's not typical for a 1960s build, and it suggests this home may have been part of a later infill phase or replaced an older structure. For buyers who prioritize a newer roof, furnace, or foundation relative to the area, this narrows the risk of immediate major replacements.
The living space and lot size are both below the street and neighbourhood averages. At 800 sq ft, the interior is compact—suited for someone who values efficiency over square footage, or who might be looking at this as a starter home, a downsizing option, or a rental property where per-sq-ft cost matters more than total space. The lot, while smaller than the Windsor Park norm, still offers a private yard in a mature neighbourhood.
The assessed value sits right around the local average. No big discount, no premium. That suggests the market has already priced in the trade-off between the newer build year and the smaller footprint.
Who it suits: First-time buyers, singles, couples, or investors looking for a solid, modest home in an established area. It also suits someone who values a newer build relative to neighbours—less deferred maintenance risk—and isn't looking for a large house or expansive yard. It would be less ideal for a family wanting extra bedrooms or a large lot for additions or gardening.
Five Possible FAQs
1. How does the smaller living area affect resale potential?
The 800 sq ft is below the citywide average for comparable homes (1,342 sq ft). This may limit the buyer pool to households that don't need more space. However, its newer construction relative to neighbours can offset that—since a well-maintained, newer smaller home can be more appealing than an older larger one in the same price range. Over time, buyers may value the lower utility and maintenance costs that come with a compact footprint.
2. Why is the assessed value similar to neighbours if the house is smaller?
Assessed value reflects more than just square footage. The home's newer construction year, condition, and finishes likely play a role. Being newer than most homes on the street (top 3%) means it may have more modern systems and materials, which appraisers take into account. Location and lot size also factor in.
3. Is the lot large enough for an addition?
At 5,459 sq ft, the lot is below the neighbourhood average of 6,030 sq ft. Most single-family zoning in Winnipeg allows for additions, but the usable space will depend on setbacks, easements, and the home's current footprint. A buyer considering an expansion should check municipal zoning bylaws and likely commission a survey. The smaller lot may limit rear or side additions more than typical Windsor Park properties.
4. How does this property compare to others in the same price bracket citywide?
At $349,000, the assessed value is below the citywide average of $390,100 for comparable homes. That means you're paying below the median city price, but getting a home that's older than many in that bracket (1967 vs. 1966 city average). The trade-off is a much smaller living area (800 sq ft vs. 1,342 sq ft citywide). So you're paying less square footage for less money, but the cost per square foot is actually higher than average—useful to know if you're comparing purely on price per sq ft.
5. What should I inspect most carefully given the home's age and size?
Even though it's newer than its neighbours, 1967 construction is still over 55 years old. Focus on the roof (typical lifespan 20–30 years), furnace and central AC (15–20 years), and windows (original or replaced?). Also check for any foundation issues, and confirm whether the electrical and plumbing have been updated. The small living area means efficient layout is key—look for signs of poor renovations or awkward additions that reduce usable space.