854 Elizabeth Road – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s Windsor Park neighbourhood, built in 1954 with 660 sqft of living space on a notably large lot of 5,999 sqft. The property’s main draw is the lot size, which ranks in the top quarter on its street and sits well above the average for comparable homes nearby. The house itself is small by current standards, placing among the smallest in the neighbourhood and city, but its assessed value is broadly in line with street-level averages—suggesting the land is carrying much of the worth.

The home would best suit a buyer who values outdoor space over interior square footage: someone looking to garden, add a workshop, expand, or simply have more breathing room than a typical city lot offers. It could also work for a downsizer who doesn’t need much indoor space but wants a private yard, or for an investor eyeing the land’s potential in a well-established area. The house is old but not historic; updates should be expected. The appeal is less about the structure itself and more about what the property allows you to do with it.

Five Possible FAQs

1. How does the small living area affect daily livability?
With 660 sqft, it’s comparable to a one-bedroom apartment. That works well for one person or a couple, but would be a tight fit for a family unless you reconfigure or add on. The large lot does offer room for future expansion, provided zoning allows it.

2. Is the assessed value in line with other homes in the area?
Yes—on its street, it’s essentially average. But relative to the broader Windsor Park neighbourhood and Winnipeg overall, it’s below average. That’s typical for a smaller house: you’re paying more for the land than the structure.

3. What’s the condition of a house built in 1954?
The data doesn’t include specific condition details, but homes of this vintage often have older wiring, plumbing, and insulation. A thorough inspection is wise. The lot age suggests the house may have had some updates, but don’t assume major systems are recent.

4. Why is the lot considered a standout feature here?
At nearly 6,000 sqft, it’s about 30% larger than the average on its street and still generous by neighbourhood and city standards. That extra space is increasingly rare in established areas like Windsor Park, making it a strong selling point for anyone who wants room to spread out.

5. What’s the neighbourhood like in terms of comparables?
Windsor Park is a mid-century suburb with a mix of bungalows and post-war homes. Most lots here are smaller than this one, which gives this property an edge. The area is well-served by parks and schools but has older infrastructure—so factor that in when considering long-term value.