960 Elizabeth Road – Property Summary
Key Characteristics & Buyer Profile
This property sits on a notably large lot—7,920 square feet—which ranks in the top 3% on Elizabeth Road and top 12% citywide in Winnipeg. The land is the standout feature here, especially compared to the home itself. The living area is 947 square feet, which is below average for the street, neighbourhood (Windsor Park), and city. The house was built in 1950, making it older than most comparable homes on the street and in the area.
What makes this property interesting is the disconnect between land value and building value. The assessed value is $330,000—above average for the street (top 25%) but slightly below the Windsor Park neighbourhood average. That suggests the market is already pricing in the land, not the structure. For a buyer, the appeal is straightforward: you’re paying for a large, well-located lot in a mature neighbourhood, with a smaller, older house that could be renovated, expanded, or replaced.
This property would suit a buyer who values outdoor space and is comfortable with a modest home—or someone looking at the long-term potential of the land. It’s less suited for someone who wants a move-in-ready, modern home with generous interior space. A buyer here should have a realistic sense of what updating a 1950s house involves, or a clear plan for the site.
Five Possible FAQs
1. How does the property’s assessed value compare to similar homes on the street?
The assessed value of $330,000 is above the street average of $291,600, ranking in the top 25%. However, it’s below the Windsor Park neighbourhood average of $354,200 and the citywide average for comparable homes.
2. What’s the condition of a house built in 1950? Is it original or updated?
The listing data only provides the year built and ranking. A 1950 build is now over 70 years old. You would need to verify the condition of major systems (roof, furnace, electrical, plumbing) and any renovations directly with the seller or your inspector. The ranking shows it’s older than most nearby homes.
3. Is the lot size really that unusual for this area?
Yes. The land area is 7,920 square feet, which is significantly larger than the street average of 4,596 square feet. It ranks in the top 3% on Elizabeth Road and top 6% in the neighbourhood. This is the property’s strongest single feature.
4. Why is the assessed value above average on the street but below average in the neighbourhood?
The street itself has a lower average assessed value ($291,600) than the broader Windsor Park neighbourhood ($354,200). So the property looks strong locally but weaker when compared to the surrounding area. This may reflect a mix of older, smaller homes on Elizabeth Road versus newer or larger homes in the wider neighbourhood.
5. What should I look into before making an offer?
Focus on the house’s structural condition and systems, given its age. Verify zoning and any restrictions on renovations or rebuilding. Also consider how the large lot affects property taxes and maintenance costs. The neighbourhood map analysis (linked on the property page) can show you how this property compares to nearby homes in terms of lot size, living area, and year built.