Key Characteristics & Buyer Profile
This 1962 bungalow in Windsor Park offers a trade-off that appeals to value-conscious buyers who prioritize land over immediate move-in perfection. The most striking feature is the lot: at 6,844 sqft, it ranks in the top 7% on its street and the top 14% in the neighbourhood. By Winnipeg standards, that’s a generous, usable yard that’s harder to find in this price bracket. The property also sits on a street where most homes were built in the early 1960s, which gives the area a consistent, established character.
Where the property falls short, however, is in its interior square footage (1,110 sqft) and its assessed value ($340K). Both are below the citywide averages for similar homes. The rank on its own street for assessed value is notably low—22nd out of 27—which suggests the home may need updating or lacks some of the finish found in neighbouring houses. For a buyer who sees the home’s potential to add value through renovations or expansion, that lower entry point could be an opportunity. But for someone expecting a turnkey home of average size and condition, it may feel underwhelming inside.
This property would suit a buyer who values outdoor space, wants a solid older home in a well-ranked neighbourhood (top 32% in Windsor Park), and is comfortable with the idea of investing sweat equity or a renovation budget into the interior. It’s less ideal for someone who needs a large, finished living area right away or who wants a home that already ranks near the top of its local market in finish and value.
Five Possible FAQs
1. Is the 1,110 sqft living area accurate, and is that typical for a 1960s bungalow in Winnipeg?
Yes, it’s accurate. It falls right around the neighbourhood average (1,091 sqft) and about 200 sqft below the citywide average for comparable homes. For a 1962 bungalow, this is a standard, not oversized, floor plan. Many homes of this era have similar footprints, often with three bedrooms and one or two bathrooms on one level.
2. Why is the assessed value lower than the citywide average if the lot is so large?
Assessed value reflects the city’s estimate of market value based on recent sales, condition, and comparable properties. A large lot can support a higher assessment, but if the home itself is older, smaller, or less updated than others in the city, the overall value stays below average. In this case, the home ranks poorly on value against its own street (top 81%), which likely indicates its interior condition or features lag behind neighbours—even if the lot is desirable.
3. What does the “top 7% on its street” for land area actually mean in terms of yard size?
It means out of 27 comparable homes on Lachine Road, only two have larger lots. The average lot on the street is 5,939 sqft—so this property gives you roughly 900 extra square feet, which is a noticeable difference. In practice, that could mean a deeper backyard, more space for a garden or shed, or better privacy from neighbours.
4. Could this home be a good candidate for a addition or secondary suite?
Potentially. The large lot, combined with a modest living footprint and land rankings that are strong both locally and citywide, suggests there’s room to expand without crowding the yard. However, this would depend on zoning, setback rules, and the home’s structural layout. It’s worth checking with the city’s planning department—don’t assume square footage can be easily doubled.
5. How does the 1962 build year compare to other homes in Windsor Park?
The neighbourhood average is 1961, so 1962 is on par with most surrounding homes. The street ranks it in the top 7%, meaning a few newer homes exist but the vast majority were built around the same time. That means the area has a cohesive vintage aesthetic, and mechanical systems (wiring, plumbing) will be typical for the era—so a pre-purchase inspection is advisable.