Property Overview: 185 Lindenwood Drive E, Linden Woods, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-established, spacious family home in the desirable Linden Woods neighbourhood. Its primary appeal lies in its generous proportions, both in living space (2,983 sq ft, placing it in the top 3% on its street) and on a sizable 7,706 sq ft lot (top 18% on the street). Built in 1987, the home is of a vintage that often offers mature landscaping and settled communities, rather than brand-new construction. The assessed value of $72.70k positions it as an above-average property on its street and an elite one city-wide, suggesting a solid foundation of value.
The home suits buyers looking for room to grow, who value space over a modern build date. It’s ideal for a family seeking a prime location within Linden Woods, where the lot size and living area offer more room than many neighbouring properties. A thoughtful perspective is that this property represents a “value-through-scale” opportunity—you’re acquiring above-average space in a top-tier neighbourhood, which can be a smarter long-term investment than a newer, smaller home in the same area. It would also suit a buyer not intimidated by a home that may benefit from personalized updates, allowing them to add value over time.
Frequently Asked Questions
1. How does the 1987 build year affect this property?
While not a new build, a 1987 home is relatively modern in terms of core systems and layout. It falls around the average age for Lindenwood Drive E, meaning it fits the character of the street. Buyers should plan for a thorough inspection focused on age-related components like the roof, windows, and major mechanical systems, which may be nearing or past their typical lifespans.
2. The assessed value seems low at $72.70k. Is that accurate?
Yes, but note this is the assessed value for taxation purposes, not the market value. The key takeaway is its ranking: this assessment is in the top 3% city-wide, indicating the municipal assessor views it as a highly valuable property compared to the entire Winnipeg market. The actual sale price will be determined by current market conditions.
3. What do the rankings and percentiles actually tell me?
They provide concrete, comparative context. For example, the living area isn’t just “large”; it’s larger than 97% of homes on the same street. This data helps you understand exactly what you’re paying for—in this case, a premium on space and land relative to immediate and city-wide competitors.
4. The home sold between $600k-$650k in 2019. What is it worth now?
Past prices are a historical reference point only. The current market value will be influenced by factors like recent sales of comparable homes, interest rates, and any changes made to the property since 2019. For the exact historical sold price and to understand current value, consulting a local real estate professional or using the provided service to request precise data is recommended.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a low-maintenance, turn-key modern home or those who prioritize brand-new amenities. The size and lot also imply higher utility costs and more upkeep for gardening and exterior maintenance. It’s likely best for those ready to manage and enjoy the responsibilities that come with a larger, established property.