Property Overview: 397 Lindenwood Drive W, Linden Woods, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home in the desirable Linden Woods neighbourhood offers above-average living space in a prime citywide context. Built in 1994, the 2,328 sqft residence sits on a 6,024 sqft lot. Its key appeal lies in its proven, stable value within a sought-after community, evidenced by solid rankings among local peers. While the lot size is more modest compared to some immediate neighbours, the home itself is notably spacious, ranking in the top 5% for living area across the entire city. This creates an interesting dynamic: you're acquiring a larger-than-average home on a manageable, low-maintenance parcel in a premium area.
The property would best suit buyers who prioritize interior space and established neighbourhood charm over expansive outdoor grounds. It’s an ideal fit for growing families or professionals seeking a turnkey home in a top-tier school district with convenient access to amenities. The strong citywide rankings for both size and assessed value suggest a sound investment in a property that has consistently outperformed broader market averages.
Section 2: Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The lot is 6,024 sqft, which is below the average for both Lindenwood Drive West and the wider Linden Woods area. This translates to less yard maintenance but also potentially less private outdoor space than some neighbouring properties.
2. What does the "Top 5% citywide" ranking for living area mean?
This statistic indicates that this home is larger than approximately 95% of all residential properties in Winnipeg. For buyers seeking substantial interior space, this is a significant advantage that sets it apart from the typical city home.
3. The assessed value seems low at $65,200. Is that the listing price?
No. The assessed value is for municipal tax purposes only and is not the market price. Historical sale data shows the home sold in the $750k-$800k range in 2022. The assessed value is a baseline metric used here to compare the property's relative value position against others.
4. Has the home's value increased?
Based on available sale price ranges, the home's market value increased notably between its 2020 sale (approx. $550k-$600k) and its 2022 sale (approx. $750k-$800k). This indicates strong appreciation during that period in this location.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to "Open neighbourhood map analysis" for an interactive visual comparison of this property against its immediate neighbours based on year built, living area, assessed value, and lot size.