Property Overview: 31 Linden Terrace Way, Linden Woods
This home presents a compelling opportunity in Winnipeg's desirable Linden Woods neighborhood. Built in 2000, it offers modern construction within a well-established community. The key appeal lies in its strong performance across comparative metrics, suggesting a property that stands out in its peer group for space and value.
Key Characteristics & Ideal Buyer
The 2,202 sqft living area is notably above average for the street, neighborhood, and especially city-wide, where it ranks in the top 7%. This indicates a spacious interior that is a significant asset. The assessed value follows a similar pattern, ranking in the elite top 4% across Winnipeg, which often correlates with quality finishes, updates, or desirable layout. The lot size of 5,902 sqft is average for the street but smaller than many lots in broader Linden Woods, suggesting a lower-maintenance yard balanced with ample indoor space.
This property would suit buyers prioritizing move-in-ready, spacious homes from the modern era, avoiding the maintenance concerns of much older builds. It’s ideal for professionals or families seeking a premium footprint without an ultra-high-end price tag, and for those who value a home that performs strongly on paper for future resale or equity. A less obvious perspective is that its "above-average" status on its own street makes it a standout in its immediate micro-neighborhood, potentially offering a slight edge in curb appeal and peer comparison.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
It last sold between $550k-$600k in 2020. The current assessed value of $715,000 suggests significant appreciation, placing it in a high percentile city-wide. This gap between last sold price and current assessment is a key point for valuation discussion.
2. Is the lot size a disadvantage?
While the yard is smaller than the Linden Woods average, it is standard for Linden Terrace Way. This translates to less outdoor maintenance, which can be a benefit for many buyers, while the generous indoor square footage remains the primary feature.
3. What does the "Top 4% city-wide" assessed value ranking mean?
This indicates that, compared to all residential properties in Winnipeg, this home’s official assessed value is higher than 96% of them. It reflects a combination of size, location, condition, and market factors that the city assessor deems well above average.
4. The home is 26 years old. What should I consider?
Built in 2000, it’s newer than most Winnipeg homes. Buyers should still investigate the age and condition of major systems (roof, HVAC, windows) which may be nearing or have undergone scheduled replacement, a typical consideration for homes of this era.
5. How can I get the exact historical sold prices?
The provided sold prices are estimated ranges from public data. The listing service offers to provide the exact sale figures via a manual email request, which they commit to fulfilling without using your address for unsolicited marketing.