Here is a clean, standalone summary of the property at 884 Elizabeth Road.
This home offers a distinct profile: a compact living footprint paired with a larger-than-average lot and an assessed value that significantly exceeds neighborhood norms. The 1,408 sqft living area is notably modest compared to the citywide average, which is a key trade-off to consider. While the house itself is smaller, it sits on a 6,006 sqft lot—well above the street average and competitive within the wider city—suggesting potential for future expansion or simply enjoying extra outdoor space.
The main appeal lies in its strong value perception within the local market. The assessed value ranks in the top 3% on the street and top 1% in the neighborhood, indicating this is a highly desirable asset in its immediate area, despite being an older build (1953). The trade-off is clear: you are paying a premium for the location and lot, not for a large or new home. The neighborhood (Windsor Park) itself appears to be a stable, in-demand pocket with smaller but well-valued homes.
This property would suit a buyer who prioritizes a strong location and land over raw square footage. It is a good fit for someone comfortable with an older home who sees potential in a larger yard, or for an investor or homeowner looking to build equity in a market where the underlying land is clearly appreciating faster than the structure. It is less suited for a buyer seeking a large, move-in-ready house or a brand-new build.
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Is the home a tear-down?
Not necessarily, but the data suggests the structure is the least valuable component. At 71 years old, maintenance history is critical. The high assessed value relative to its age implies the lot is the primary driver of worth. Buyers should budget for significant systems and structural updates unless recent renovations are verified.
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How does this property compare to citywide averages?
The home is roughly “average” for Winnipeg in both living area (1,408 sqft vs. 1,342 avg) and land area (6,006 sqft vs. 6,570 avg). Its standout feature is its assessed value, which ranks in the top 27% citywide, meaning it carries a premium relative to the average city home.
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Why is the assessed value so high if the home is older and a bit small?
The assessed value is driven by local desirability and land scarcity, not the house itself. On its street, the average home sells for ~$292k, while this one is assessed at $456k. This implies it is in a high-demand micro-location where buyers are willing to pay more for the specific spot, despite the home’s age and size.
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Is the yard usable or just a large lot?
At 6,006 sqft, the yard is generous by street standards, but the data does not specify its shape, drainage, or condition. It is large enough for a substantial addition, a large garden, or a detached garage, but buyers should inspect for easements or restrictions that could limit use or development.
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What is the neighborhood like for families or retirees?
Windsor Park is an established, built-up area. The very tight top-1% ranking in assessed value within the neighborhood suggests a stable, potentially affluent pocket. It may appeal to families looking for a good school catchment or retirees wanting a single-story home on a quiet, mature street, though specific amenities and traffic patterns would need to be evaluated on-site.