Property Overview
30 Stonington Bay is a well-established home in Winnipeg’s Linden Woods neighbourhood, built in 1997. Its standout feature is an exceptionally large lot of over 10,000 square feet, which is among the largest on its street. The home itself, with just over 1,500 square feet of living space, is more modest in size compared to many neighbours. This creates a unique profile: a home with a premium, expansive yard in a desirable area, but with interior space that may require updates or an expansion to match its land value. The property last sold in 2024 for an estimated $550,000-$600,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is elite, not just for the street but city-wide, offering rare potential for expansion, gardening, or outdoor living. This positions it as a "lot-value play" in a mature, sought-after neighbourhood. The home is a solid, late-90s build, but its living area is below average for Linden Woods, suggesting it may feel cozy for some or represent a renovation opportunity for others.
It would best suit a specific type of buyer: someone who prioritizes outdoor space and location over immediate move-in size and modern finishes. It’s an ideal candidate for a growing family planning a future addition, a buyer seeking a long-term project to customize, or anyone who values a large, private yard above a large interior. It’s less suited for those seeking a turnkey, maximized square footage for the price within the home’s walls.
Frequently Asked Questions
1. Is the sold price of $550k-$600k reasonable given the home’s size?
The price reflects the premium for the land and location in Linden Woods. You are paying significantly for the lot potential, not just the current living space, which is a common dynamic in established neighbourhoods.
2. What does the "Elite" city-wide ranking for land area actually mean?
It means this property’s lot size is larger than approximately 95% of all residential properties in Winnipeg, making it a very rare find, especially in a neighbourhood like Linden Woods.
3. The assessed value seems low compared to the sold price. Why?
Municipal assessed value for taxation purposes often lags behind market value, especially in strong markets or for properties with unique features like an oversized lot. The sold price is a clearer indicator of its current market worth.
4. What are the main considerations for a potential renovation or expansion?
The large lot provides excellent scope for an addition. Key considerations would be zoning bylaws, setback requirements, and the existing home’s layout. The cost to significantly increase living space would be substantial but could yield a highly customized home on a premier lot.
5. How does the home’s size compare to others on the street?
The data shows its living area is below average for Stonington Bay (ranking 34 out of 36 homes). This indicates most neighbours have larger homes, so this property may offer a more affordable entry point to the street with the benefit of one of the largest yards.