Key Characteristics & Buyer Profile
This property on Elizabeth Road is a 1959-built home with 956 sq ft of living space and a 5,638 sq ft lot. Compared to other homes on its street, the property stands out primarily for its assessed value — it ranks in the top 17% of the street, well above the local average of $292,000. That higher assessment suggests a property that holds value relative to its immediate neighbours, even though the living space itself is slightly below the street average of 1,065 sq ft.
The lot is a strong point relative to the street (top 31%), though it trails the broader Windsor Park community and city averages. The home’s age is unremarkable for the area — consistent with the mid-century character of the neighbourhood.
Where the appeal lies: This isn’t a home that impresses with its size. Instead, its appeal is more subtle. The above-average assessed value on a street where many homes are smaller suggests either good upkeep, desirable features not captured in square footage alone, or a location within the street that lifts value. For buyers who know Windsor Park, it’s a stable, established neighbourhood with mature trees and a quiet residential feel. The land-to-building ratio is decent — a 5,638 sq ft lot on a 956 sq ft home leaves room for future additions, a workshop, or generous yard space.
What type of buyer it would suit: This property would likely suit buyers who value location and lot size over turnkey perfection. It could appeal to someone looking for a solid starter home in a well-ranked area, or to a buyer interested in a renovation project where the underlying land and neighbourhood already offer strong value. It might also suit empty-nesters or downsizers who want a manageable single-floor footprint without sacrificing outdoor space.
Five Possible FAQs
1. How does the living space compare to other homes in Windsor Park?
The home’s 956 sq ft is below the Windsor Park average of 1,091 sq ft, putting it in the bottom third of the community. It’s also smaller than the citywide average of 1,342 sq ft. Buyers should expect a compact layout.
2. Why is the assessed value higher than other homes on this street?
The property ranks in the top 17% of Elizabeth Road, with an assessed value of $363,000 versus the street average of $292,000. That difference could reflect recent upgrades, a desirable lot configuration, or simply a location on the street that commands a premium. The assessment is roughly in line with the Windsor Park community average ($354,000) and slightly below the citywide average ($390,000).
3. Is the lot big enough for additions or a garage?
At 5,638 sq ft, the lot is above average for Elizabeth Road (4,596 sq ft) but below the Windsor Park average (6,030 sq ft). It offers good potential for a modest addition, a detached garage, or generous landscaping, but a large-scale expansion would likely require a close look at zoning and setback requirements.
4. How old is the home, and has it likely been updated?
Built in 1959, the home is typical for the area — the average home in Windsor Park was also built around 1961. The data doesn’t indicate whether major updates have been done, but the above-average assessed value may hint at some improvements. A buyer would need an inspection to confirm the condition of systems like plumbing, electrical, and the roof.
5. Is this a good neighbourhood for first-time buyers?
Windsor Park is a well-established, largely residential neighbourhood with a mix of post-war and mid-century homes. It’s known for being family-oriented and relatively affordable compared to more central Winnipeg neighbourhoods. This property’s smaller size and decent lot could make it a practical entry point, especially if the buyer is open to some DIY work or gradual improvements.