Property Overview: 38 Royal Crest Drive, Linden Woods
Key Characteristics & Appeal
This home at 38 Royal Crest Drive presents a compelling blend of established neighbourhood charm and standout land value. Built in 2003, it is a well-maintained property within the desirable Linden Woods area. Its primary appeal lies in its exceptionally generous lot size of nearly 17,000 sqft, which ranks within the top 1% of homes in Linden Woods and the top 2% citywide. This offers rare potential for privacy, landscaping, expansion, or future development, setting it apart from typical suburban lots.
While the 2,009 sqft living area is modest compared to some larger homes on its own street, it is above the Winnipeg city average. The property’s assessed value of $1.21M positions it as an elite offering within both Linden Woods and the broader city market. This profile suggests a home where the intrinsic value is significantly anchored in the land itself. It would suit buyers who prioritize a premium, sizable lot in a top-tier neighbourhood over maximizing interior square footage, and who may see long-term value in the land asset or have a vision for custom outdoor living or future renovations.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is slightly below the average for Royal Crest Drive itself but is above the average for both the Linden Woods neighbourhood and the city of Winnipeg as a whole. The focus here is more on land value than on having the largest house on the block.
2. What does the sold price history indicate?
Public records show the home sold for between $1.35M and $1.4M in 2023, which was above its current assessed value. This recent sale provides a concrete market benchmark for the property’s worth.
3. Why is the lot size considered so significant?
At 16,968 sqft, the lot is more than double the average lot size in Linden Woods and citywide. This is an increasingly rare commodity in established neighbourhoods and is a key driver of the property’s elite valuation within the city.
4. Is the home’s age a concern?
Built in 2003, the home is relatively modern compared to the Winnipeg city average. It falls into an age bracket where major components may be nearing or due for planned updates, which is a typical consideration for buyers in this market segment.
5. Who are the most likely buyers for this property?
It appeals to those seeking a prime location with the flexibility that a large lot provides. This could include families wanting extensive outdoor space, buyers planning a future dream home or significant addition, or investors who recognize the long-term value of land in a prestigious neighbourhood.