Property Overview
This home at 122 Foxmeadow Drive in Winnipeg's Linden Woods neighbourhood presents a specific and compelling value proposition. Its key characteristics create a profile that will resonate strongly with certain buyers.
Key Characteristics & Appeal
The home’s primary appeal lies in its position as a well-sized, established property in a desirable area, but with an assessed value that is notably lower than its immediate neighbours. Built in 1988, it is newer than most homes on its street and across the city. With 1,767 sqft of living space, it offers more room than the average Winnipeg home and is on par with others on Foxmeadow Drive. The lot size of 5,920 sqft is also consistent with the local street profile.
The most defining characteristic is its assessed value of $50.50k, which ranks in the bottom 8% on its own street and bottom 1% within Linden Woods. This significant discrepancy suggests the current assessment may not reflect market values, potentially due to factors like deferred updates or a specific condition not captured in the data. For a buyer, this indicates a property that may offer entry into a premium neighbourhood at a tax and assessed value that belies its location. It last sold for an estimated $400k-$450k in 2019.
This property would suit a practical buyer looking for space in a mature, family-oriented neighbourhood like Linden Woods, who is comfortable with a home that may require modernization. It’s a strategic choice for those who see value beyond the assessment roll and are prepared for potential renovations. It is less suited for buyers seeking a turn-key home in a perfectly uniform streetscape.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
This is the central question. While we cannot state a definitive reason, such a low assessment relative to neighbours and its past sale price often indicates the city’s assessment does not align with current market value, possibly due to the home’s specific condition or features compared to updated houses on the street.
2. Does the low assessment mean lower property taxes?
Typically, yes. Property taxes are calculated using the assessed value, so a lower assessment generally results in lower municipal taxes. This can be a financial advantage, though a new sale may trigger a reassessment.
3. What does the "Top X%" ranking mean for each metric?
It shows how this property compares to a peer group. For example, "Top 39%" for living area on its street means 61% of comparable homes on Foxmeadow Drive are larger, and 39% are smaller. It’s a quick way to see if a feature is above, below, or near the local average.
4. The home sold in 2019. How can I find out the exact price?
The exact sold price is not public record in Manitoba. The provided range is an estimate from public data. You can request the accurate price via the email link on the listing page; the service provides it manually without marketing spam.
5. Is the lot size typical for Linden Woods?
At just under 6,000 sqft, the lot is slightly below the average for the broader Linden Woods area but is very typical for Foxmeadow Drive itself. It offers standard suburban outdoor space without being oversized.