866 Elizabeth Road – Property Summary
Note: This is a 936 sqft single-family home built in 1952 on a 6,000 sqft lot in Windsor Park, Winnipeg. Its assessed value is $327,000.
Key Characteristics & Buyer Fit
This property stands out most for its land. At 6,000 sqft, the lot ranks in the top 18% on Elizabeth Road and top 31% citywide—well above the street average of 4,596 sqft. For buyers who value outdoor space, garage potential, or room for future additions, this is the primary draw.
The assessed value ($327k) also tells an interesting story. It's above average for the street (top 28%) but sits below both the neighbourhood and citywide averages. That suggests the home itself is priced relative to its modest living area, while the land holds comparative value. It's not a flashy house—it's a solid, older home on a generous lot in a stable area.
The living area (936 sqft) is below average at every level, so this isn't a home for someone prioritizing square footage. Similarly, the 1952 build means it's older than most neighbours on the street and in the area. Buyers should expect a home that may need updating but sits on a lot that's harder to find at this price point.
Who it suits: Buyers who are land-focused—those thinking about a future renovation, addition, or even a knock-down rebuild in a well-established neighbourhood. It's less suited for someone who wants a move-in-ready home with generous interior space or a newer build. It could also work for an investor or flipper who sees the land-to-value ratio as the opportunity.
Five Possible FAQs
1. Why is the assessed value above the street average but below the neighbourhood average?
The street has many smaller, lower-value homes, so $327k stands out there. But Windsor Park as a whole includes larger homes with higher assessments, so the property falls in the bottom 20% neighbourhood-wide. The value is tied more to the lot than the house itself.
2. How does the lot size compare to other homes in Windsor Park?
It's slightly below the neighbourhood average of 6,030 sqft, ranking around the 40th percentile. But on Elizabeth Road specifically, it's well above average. The lot is a strong asset relative to nearby properties.
3. Is the 1952 build likely to need major updates?
Yes, it's older than 99% of homes in the neighbourhood and 70% citywide. Systems like electrical, plumbing, insulation, and roofing are worth inspecting carefully. The home's age is a factor that affects both maintenance expectations and potential renovation costs.
4. How does the living area compare to typical starter homes in Winnipeg?
At 936 sqft, it's below the citywide average of 1,342 sqft. It's comparable to many post-war bungalows in the area, but smaller than most homes built in recent decades. It's a functional size for a small family or couple, but not spacious.
5. What's the best use for the oversized lot?
Common options include adding a garage, building a garden suite or laneway home (if zoning permits), expanding the existing footprint, or simply having a large yard for gardening, recreation, or future subdivision potential. Buyers should verify local bylaws before making plans.