Property Overview: 645 Elizabeth Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1963-built home in the Maginot neighborhood presents a distinct value proposition centered on its interior space. With 1,290 sqft of living area, it offers significantly more room than most comparable homes on its street and in the immediate area, ranking in the top 10-11% locally. This makes it a practical choice for buyers who prioritize indoor living space over a large yard, as the lot size is more modest compared to area averages.
The primary appeal lies in its assessed value of $216k, which is notably below average for the street, neighborhood, and city. This creates a potential entry point into a stable area, especially for a first-time buyer or an investor seeking a property with a lower tax assessment basis. It suits a pragmatic buyer who values functional square footage and is less concerned with having the newest home on the block or the largest lot. The data suggests this home is a larger-than-average house on a smaller-than-average lot for the street, offering a specific trade-off that will resonate with certain budgets and lifestyles.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
While the exact reason isn't specified, the assessed value is consistently below average across all comparison levels. This can sometimes relate to the home's condition, specific features, or the smaller lot size. It's a key point for further investigation to understand if it represents a value opportunity or reflects needed updates.
2. How does the smaller lot size impact the property?
The land area is below the street and city averages. This typically means lower maintenance and potentially lower property taxes, but offers less private outdoor space. It positions the property as more of a "house-focused" rather than "yard-focused" home.
3. Is the living area truly above average for the area?
Yes. The data shows the living area ranks highly within both Elizabeth Road and the wider Maginot neighborhood (Top 11% and 9%, respectively). You are getting more interior space than most similar homes nearby, which is this property's standout feature.
4. Can I see the exact sales history for this home?
The public listing does not include sales history. However, the site offers a manual lookup service where you can request exact historical sales figures by email, which they will provide without using your email for marketing.
5. The home was built in 1963. How does that compare?
The build year is around average for the street and city. In its immediate Maginot neighborhood, it ranks as slightly older than average (Top 74%). This is typical for the area and suggests potential for original features or systems that may require updating, which is common for homes of this vintage.