Property Overview: 235 Lindenwood Drive W, Linden Woods, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a standout for its generous living space. At 2,842 square feet, it ranks within the top 5% of homes on its street, in the Linden Woods neighbourhood, and citywide. Built in 1987, it sits on a large, mature lot of over 7,300 square feet, offering ample outdoor space. The home’s assessed value positions it as an above-average to elite property in its various comparisons, suggesting a solid, established presence in the market.
Its primary appeal lies in offering established, spacious living in one of Winnipeg’s most sought-after neighbourhoods. It suits buyers looking for a home with room to grow that doesn’t require the premium of a brand-new build, but who value a property that stands above average in both size and value within a prestigious area. A thoughtful perspective is that while the home itself is from the late 1980s, its lot size and living area are increasingly rare commodities in newer subdivisions, offering a classic neighbourhood feel with generous proportions that are hard to replicate today.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others?
With 2,842 sqft of living area, this home is significantly larger than the average Winnipeg home (~1,342 sqft). It is also notably larger than the average for both Linden Woods and its own street, placing it in the elite tier for space.
2. What does the "Elite" or "Above Average" ranking mean for value?
These rankings compare the home against specific groups (street, neighbourhood, city) for metrics like living area and assessed value. For example, being in the top 5% citywide for living area indicates a rare level of spaciousness, which is a key driver of value and desirability.
3. The home was built in 1987. What should I consider?
While the build year is around the neighbourhood average, it means the home is from an era of solid construction with generous room sizes. Buyers should budget for potential updates to interior finishes, mechanical systems (like HVAC), or windows to align with modern efficiency standards, while appreciating the mature landscape and established community.
4. What is the difference between the assessed value and the likely selling price?
The assessed value (approximately $699,000) is for municipal tax purposes. The historical sold price range from 2019 ($550k-$600k) and current market conditions will be the true determinants of its listing and sale price. The high assessment does signal the city’s view of its relative worth.
5. How does the lot size contribute to the property’s value?
At over 7,300 sqft, the lot is above the city average and provides substantial outdoor space for privacy, gardening, recreation, or potential future expansion (subject to bylaws). This is a significant asset in a mature neighbourhood where newer lots are often smaller.