840 Elizabeth Road, Windsor Park
Overview & Key Appeal
This is a 988 sqft home built in 1976 on a 3,960 sqft lot, located at 840 Elizabeth Road in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the year built: the house ranks in the top 4% on its street and top 2% in the neighbourhood for newer construction—essentially one of the newest homes in an area where most surrounding houses date back to the early 1960s. That alone gives it a different feel from the typical Windsor Park bungalow.
The assessed value is $368,000, which sits above the street average ($291,600) and roughly in line with the neighbourhood median. In practical terms, you’re paying a premium for a newer build relative to the street, but the price is still below the citywide average for comparable homes ($390,100). Living area and lot size are both modest—below neighbourhood and city averages—so this isn’t a house that trades on square footage. It’s a compact, efficient floor plan.
The appeal is straightforward: a newer home in an established, older neighbourhood, without the premium you’d pay for a similar build in a higher-demand area. It would suit buyers who prioritize a move-in-ready property with modern construction (or at least newer than the surrounding stock) over having a large yard or extra rooms. First-time buyers, downsizers, or anyone looking for a low-maintenance home in a mature neighbourhood would likely find it practical. The smaller lot and living area also suggest less upkeep—something that’s often overlooked in listings that emphasize size.
Frequently Asked Questions
1. How does the assessed value compare to what similar homes actually sell for?
The assessed value is $368,000, which is above the street average but within the neighbourhood range. Assessments don’t always match sale prices, but this home is priced competitively for its age and condition relative to the older stock around it. A local agent can provide recent sale comparables for Elizabeth Road specifically.
2. Is the 988 sqft living area enough for a family?
It depends on the family. The floor plan is compact—likely two to three bedrooms and one bathroom based on typical layouts of that era and size. It’s better suited to a couple, a single person, or a small family with one child. The below-average lot also limits expansion potential unless you’re willing to build up.
3. Why is the lot size ranked so low (top 97% in the neighbourhood)?
At 3,960 sqft, the lot is significantly smaller than the neighbourhood average of 6,030 sqft. That’s common for newer infill builds on smaller parcels, or for homes built on narrower lots. It means less yard to maintain, but also less outdoor space and privacy from neighbours.
4. What’s the condition of the home given it was built in 1976?
The ranking suggests it’s one of the newer homes in the area, but 1976 is still nearly 50 years old. You should expect typical updates or replacements for systems like roofing, windows, and HVAC depending on when they were last done. The listing doesn’t specify recent renovations, so a home inspection is important.
5. How does this property compare to others in Windsor Park overall?
It’s newer than most homes in the neighbourhood, with an assessed value slightly above the median. But it has a smaller living area and lot than the average. So it’s a trade-off: you get a more modern build in an older area, but you give up space. It’s not a typical Windsor Park property, and that could be exactly what some buyers want.