30 Lochinvar Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1967-built home sits on a 5,774 sqft lot with 1,272 sqft of living space. Its strongest feature is the build year, which ranks first on its street and in the top 5% of the wider Windsor Park area, meaning it’s among the newer homes in an established neighbourhood. Living space is above average locally, ranking in the top 12% of the community, and the property’s assessed value sits slightly above the neighbourhood average but remains close to the median for the city as a whole. The lot size is typical for the area, neither undersized nor oversized relative to neighbours.
The appeal lies in a value proposition that avoids extremes: the home is not the biggest or most expensive on the street, but it offers a modern build age and respectable square footage within a stable, mid-value range. This would suit buyers looking for a home that doesn't require major structural updates but is also not priced at a premium for land or maximised layout. It’s a practical fit for someone who prioritises build quality and age over sheer size, and who wants to be in a moderately competitive segment of Windsor Park without overpaying for top-tier stats.
Five Possible FAQs
1. How does the build year advantage affect long-term costs?
A newer build in an older neighbourhood often means fewer immediate replacement costs for roof, plumbing, or electrical systems. However, being from 1967, it still predates modern insulation and energy standards, so buyers should budget for possible upgrades to windows or heating over time, even if the structure itself is in good shape.
2. Why does the property rank higher locally than city-wide?
Windsor Park’s housing stock skews older and smaller than the Winnipeg average. This home’s 1,272 sqft and 1967 build put it ahead of many local properties, but city-wide, it sits close to the median because newer, larger homes in other areas balance the numbers. It’s a strong pick for its immediate area, not for the entire city.
3. Is the lot size a limitation or a benefit?
At 5,774 sqft, the lot is slightly smaller than the street average but still comfortably within the community norm. This could limit expansion potential for a garage or large addition, but it also means lower maintenance and possibly a lower purchase price relative to bigger lots that don't offer proportional value.
4. How does the assessed value compare to market trends?
The assessed value of $390,000 is near the street median and slightly above the community average. This suggests the market hasn't attached a premium to the newer build, which could mean either the home has been conservatively assessed or that location and lot size are weighing more heavily in local valuations than age.
5. Who would find this property less suitable?
Buyers seeking a turnkey modern interior, a large yard, or top-tier city-wide rankings for size or value may be disappointed. The home is a solid middle-ground choice, not a standout in any single category. Those looking for a fixer-upper with a low entry price might also find it sits too close to the median for a bargain.