38 Ormiston Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1972-built home with 988 sq. ft. of living space on a 5,610 sq. ft. lot, located on Ormiston Road in Windsor Park, Winnipeg. Its strongest feature is the construction year: it ranks 2nd out of 23 homes on the street (top 9%) and 92nd out of over 3,300 in the neighbourhood (top 3%), meaning it is notably newer than most nearby properties. The assessed value of $374,000 sits above the neighbourhood average of $354,200 (top 27%), though it is roughly average for the street and city overall. The living area and lot size are both slightly below local averages, which gives the home a compact footprint relative to its price point.
The appeal lies in getting a newer build in an established neighbourhood without paying a premium for extra square footage. Buyers who prioritize a solid, well-aged structure over a large interior or sprawling yard will find this property practical. It suits someone looking for a home that already sits at a higher assessment relative to its immediate area, which may indicate good structural condition or recent updates. It is less suited for buyers who need maximum living space or a large lot for the money, as those metrics are marginally below par.
Five Possible FAQs
1. How does the home’s size compare to others nearby?
The living area of 988 sq. ft. is about 4% smaller than the street average of 1,030 sq. ft. and roughly 9% smaller than the neighbourhood average. The lot is 5,610 sq. ft., also slightly below both street and neighbourhood norms.
2. Is the assessed value in line with what similar homes sell for?
The assessment of $374,000 is above the neighbourhood median of $354,200, but it is close to the street average ($371,300) and the citywide average for comparable homes ($390,100). This suggests the valuation reflects the home’s newer construction rather than oversized features.
3. What are the implications of the home being built in 1972?
Properties from the early 1970s are now over 50 years old, so major systems (roof, furnace, plumbing) may have been updated or may need attention. However, being ranked in the top 3% of the neighbourhood for build year means it is newer than the vast majority of its immediate peers, which can be a selling point for buyers who want a more recent structure without a full new-build price.
4. How do the rankings work?
The rankings compare this property to other similar homes on the same street, within Windsor Park, and citywide. A higher rank (e.g., top 3%) means the home outperforms most others in that category. For lot size and living area, lower rankings mean the home is smaller than average; for build year, a higher rank means newer.
5. Is this property in a sought-after part of Windsor Park?
Windsor Park is a well-established central Winnipeg neighbourhood. This home sits on Ormiston Road, where it ranks 7th out of 23 for living area and 8th for assessed value. That places it in the middle-to-upper tier of the street, not at the top, but solidly average to above-average for most metrics within the neighbourhood itself.