Property Overview & Appeal
This home at 25 Lindenwood Drive E in Winnipeg's Linden Woods neighbourhood presents a specific value proposition. Built in 1985, it's a 1,798 sqft house on a 6,585 sqft lot. The key characteristic is its position as a relatively more affordable entry point into a desirable area. While its size and assessed value are below the averages for Linden Woods and its own street, they are notably above the city-wide average. This creates a unique dynamic: you're acquiring a home that is spacious by general Winnipeg standards within a premium neighbourhood, albeit one that may require updates compared to newer builds on the block.
Its appeal lies in location and potential. Linden Woods is consistently sought-after for its schools, amenities, and established feel. This property suits practical buyers who prioritize getting into the neighbourhood over finding a turn-key, modern home. It would be a match for a family comfortable with a house that has good bones but might need cosmetic refreshes, or for an investor looking for a stable, rentable property in a high-demand area. A less obvious perspective is that a home with metrics below its immediate peers can offer more manageable property taxes, a real and ongoing cost savings.
Frequently Asked Questions
1. Is this house a good value for Linden Woods?
It represents a value-oriented opportunity within the neighbourhood. You are paying a premium for the Linden Woods location, but less than you would for a larger or more recently updated home on the same street, making it a strategic entry point.
2. What does the assessed value tell me about the property tax?
The assessed value of $54,100 is used for municipal tax calculation. It is below the Linden Woods average, which suggests property taxes may be relatively lower for the area, though final taxes depend on the mill rate.
3. The home sold between $550k-$600k in 2022. What does that indicate?
This recent sale price provides a concrete market benchmark. It shows a significant premium over the assessed value (which is for tax purposes, not market value), confirming the strong market demand for homes in this neighbourhood regardless of assessment figures.
4. How does the living space compare to a typical Winnipeg home?
At 1,798 sqft, it is substantially larger than the Winnipeg city-wide average of about 1,342 sqft. So, while it's on the smaller side for Linden Woods, it offers ample space compared to many homes across the city.
5. The year built is 1985. Should I be concerned about major issues?
Homes from this era are common in established neighbourhoods. While not new, major systems like roof, windows, or furnace may have been updated. A thorough home inspection would be essential to determine the condition and identify any upcoming maintenance typical for a home of this age.