Property Overview: 961 Elizabeth Road, Winnipeg
Key Characteristics & Appeal
This home on Elizabeth Road in the Maginot neighbourhood presents a solid, mid-century property built in 1955. Its primary appeal lies in its strong value proposition and above-average lot size for the area. With 1,035 sqft of living space, the house is functionally sized and sits on a 5,301 sqft lot, which is notably larger than many neighbouring properties in Maginot. This offers valuable outdoor space and potential.
The home’s assessed value ranks well above average for both its immediate street and the broader Maginot area, suggesting it is viewed as a substantial asset within its local market context. While the living area is average for its peer group, the combination of a generous lot and a strong assessment creates an interesting profile. It would suit practical buyers looking for a grounded investment in a mature neighbourhood—perhaps a first-time homeowner wanting room to grow, or an investor attracted to a property with a value that stands out in its micro-market. Its history shows sold prices in the $200k-$300k range in the mid-2010s, indicating a historically accessible entry point.
Frequently Asked Questions
1. What does the "above average" assessed value really mean?
It means that, compared to similar homes on Elizabeth Road and in the Maginot neighbourhood, this property’s official municipal assessment is higher. This can indicate perceived quality, desirable lot characteristics, or improvements, but it's not a direct marker of current market price.
2. Is the 1955 build date a concern?
The home is older than many on its street and in Maginot. This typically means potential maintenance considerations for older systems, but it can also reflect a more established streetscape and mature landscaping.
3. How does the lot size compare?
At over 5,300 sqft, the lot is a key feature. It is larger than the average lot in Maginot, offering more private outdoor space than many properties in the direct vicinity.
4. Can I get the exact historical sale prices?
The listed sale prices (e.g., CA$250k–300k in 2017) are estimated ranges from public data. The exact sale prices can be requested directly from the site via email, which they provide manually.
5. What type of neighbourhood is Maginot?
The provided data suggests a neighbourhood of primarily mid-20th century homes with a mix of property sizes. The fact that this home's lot size ranks "above average" here indicates that larger lots are less common, making this one relatively spacious for the area.