894 Elizabeth Road | Property Summary
Key Characteristics & Buyer Profile
This home in Windsor Park stands out primarily for its above-average living space and significantly higher assessed value relative to its immediate street and neighborhood. At 1,616 square feet, it is roughly 50% larger than the average home on Elizabeth Road, placing it in the top 8% on the street and the top 2% within the broader Windsor Park area. The lot is 5,998 square feet—larger than the street average but slightly below the neighborhood norm.
The property was built in 1978, making it much newer than most homes on the street (average 1961) and in the neighborhood (average 1961). This combination of newer construction, generous interior space, and a high assessed value ($428K, top 3% in the neighborhood) suggests a home that has been well-maintained or updated. Citywide, the property sits around the average in age and value, but locally it is a standout.
The appeal here is for buyers who want a home that feels spacious without sacrificing yard size, and who value a newer build in an older, established neighborhood. It would suit someone looking for more square footage than typical 1960s-era bungalows offer, without stepping into a cookie-cutter infill. Because it ranks lower citywide in lot size and value, it may appeal to buyers who are price-conscious at the municipal level but want a strong local asset.
Frequently Asked Questions
1. How does this property compare to others on Elizabeth Road?
It ranks in the top 8% for living area, top 8% for assessed value, and top 2% for year built. The lot is in the top 26%—above average but not as exceptional as the other metrics. It is noticeably larger and newer than most homes directly on the street.
2. Is the assessed value of $428K a realistic estimate of market price?
Assessed value is a municipal estimate used for taxation, not a direct market valuation. However, a property ranking in the top 3% of the neighborhood by assessed value suggests it is among the higher-value homes in Windsor Park. Market conditions, renovations, and comparable sales will determine actual sale price.
3. What does "Top 2%" in neighborhood ranking for year built actually mean?
Only 59 homes out of 3,307 in the Windsor Park area are newer than this one (built 1978 or later). Most homes in the neighborhood were built around 1961, so this is a relatively young home for the area. That could mean fewer major structural updates needed, though it's worth confirming the condition of systems like the roof and furnace.
4. How does the lot size of 5,998 sqft affect usability?
It is slightly smaller than the neighborhood average of 6,030 sqft but larger than the street average of 4,596 sqft. This places it in a comfortable middle: a manageable yard for maintenance, with enough space for a garden, small shed, or patio. It's not oversized, but it offers more outdoor room than most homes directly on Elizabeth Road.
5. Would this home work for a family looking to avoid major renovations?
Likely yes, given the 1978 build date and high local ranking for living area. Compared to a 1961 home, you may face fewer immediate big-ticket replacements (like old wiring or cast iron plumbing), but it is still over 40 years old. A home inspection is wise to check for issues like window efficiency, attic insulation, and the condition of the original mechanical systems.