Key Characteristics & Buyer Profile
This 1,080 sqft home on Lomond Boulevard, built in 1963, sits on a notably large 7,291 sqft lot. Its strongest feature is the land: the lot ranks in the top 10% on the street, top 9% in Windsor Park, and top 15% citywide in Winnipeg. The assessed value of $400,000 is also above average within the neighborhood (top 9%) and on the street (top 16%). The living area, however, is below average for the street, though it aligns closely with neighborhood and city averages. The build year is slightly older than typical for Lomond Boulevard but newer than the Windsor Park average.
The appeal lies in the land-to-house ratio. Buyers get a modestly sized, well-located home on a lot that offers more space than most comparable properties in the area. This makes the property less about turnkey finishes and more about potential—whether that’s expanding the footprint, landscaping, or simply enjoying a larger yard in an established neighborhood. It would particularly suit buyers who prioritize outdoor space or see long-term value in land appreciation, rather than those looking for a maximized interior square footage. It’s a grounded, practical choice for someone willing to look past a dated interior in exchange for a strong piece of ground in a solid neighborhood.
Five Possible FAQs
1. How does the living space compare to similar homes nearby?
The 1,080 sqft living area is below the street average of 1,221 sqft and the citywide average of 1,342 sqft, but it’s in line with the Windsor Park neighborhood average of 1,091 sqft. You’re getting a typical-for-the-area floor plan on an above-average lot.
2. Is the assessed value of $400,000 a fair price for the neighborhood?
The assessed value is above the neighborhood average of $354,200 and the street average of $383,900. Given the large lot and the fact it ranks in the top 9% of Windsor Park properties by value, the assessment reflects the land’s desirability more than the home’s interior size or condition.
3. What’s the condition of a house built in 1963?
A house of this age will likely have original or updated systems depending on the previous owners. The build year is slightly older than typical homes on the street (average 1965), but newer than the neighborhood average (1961). Expect potential updates needed for plumbing, electrical, windows, or insulation—standard for a property of this vintage.
4. Is this a good investment property?
The land component is strong, especially given citywide land size rankings (top 15%). For a buyer willing to renovate or expand, the land offers upside that a smaller-lot home wouldn’t. As a rental, the income potential would depend on the interior condition and finishes, not just the lot size.
5. What does “ranked #6 out of 58 on the street” mean for the lot?
It means this property has one of the largest lots on Lomond Boulevard. Only five other homes on the same street have more land. This is a standout feature in a neighborhood where lot sizes are generally more uniform, giving this home added privacy, yard space, or development flexibility