Property Overview: 124 Linden Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Linden Avenue presents a practical opportunity in Winnipeg's Kildonan Drive area. Built in 1946, it offers 1,060 sqft of living space and sits on a 4,998 sqft lot, both figures that are very typical for the immediate street. Its standout characteristic is its assessed value, which ranks notably higher than many of its direct neighbors, suggesting the property is viewed favorably relative to others on the block.
The appeal lies in its position as a solid, no-frills property in an established neighborhood. It features a basement (not renovated) and a detached garage, catering to those who value traditional layouts and workshop or storage space. This home would suit a first-time buyer, an investor, or a downsizer looking for a straightforward, lower-maintenance footprint without the premium of a fully updated or larger modern home. A thoughtful perspective is that its above-average assessment for the street could indicate better underlying condition or potential than some nearby properties, offering a relative value within its micro-market that isn't immediately obvious from the basic specs.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,060 sqft, the living area is almost exactly the average for similar homes on Linden Avenue itself. It is, however, somewhat smaller than the average home in the broader Kildonan Drive area and city-wide.
2. The assessed value seems high for the street. What does that mean?
The assessment of $34.20k ranks in the top 16% on Linden Avenue, meaning it is valued higher than most direct neighbors. This typically reflects the property's specific condition, lot attributes, or improvements as determined by the city's assessment process, and can be a positive differentiator.
3. What is the significance of the lot size?
The lot is just under 5,000 sqft, which is standard for the street but smaller than many lots in the wider Kildonan Drive area. This means yard maintenance is manageable, but space for large additions or sprawling gardens may be limited compared to other parts of the neighborhood.
4. Has the property's value been stable?
Based on available sold price ranges, the property sold for between $30.5k-$33.5k in 2021 and $21.5k-$24.5k in 2020. The more recent sale aligns closely with its current assessed value, suggesting a period of appreciation followed by stability in line with the assessment.
5. What should I consider about the home's age?
Built in 1946, the home is older than the city-wide average. Buyers should factor in the potential for age-related updates to major systems like plumbing, electrical, or the roof, while also appreciating the character and construction quality of an older, well-established home.