Property Overview & Key Characteristics
This home at 407 Lindenwood Drive E in Winnipeg's Linden Woods neighbourhood presents a specific and value-oriented profile. Its key appeal lies in its above-average citywide position for land area and assessed value, paired with a home that is newer than most in the city. However, it's a property of contrasts: while its assessed value ranks in the top 7% citywide, the living space is notably more compact than most homes on its own street and in Linden Woods overall.
The property would suit practical buyers who prioritize land size and a solid assessed value foundation over square footage. It's a potential match for those looking to enter the desirable Linden Woods area, possibly willing to update or expand a smaller home on a good lot. It could also appeal to downsizers seeking a manageable home in a prime neighbourhood without a premium lot size compromise.
Frequently Asked Questions
1. Is this a small house for the area?
Yes. At 1,474 sqft, the living area is below the average for both Lindenwood Drive E and the broader Linden Woods neighbourhood, ranking in the bottom 10% on its own street.
2. Why is the assessed value so high relative to the home's size?
The assessed value of $61.80k (note: this is likely the land assessment value, not the total property value) ranks in the top 7% citywide. This suggests the value is heavily supported by the desirable location and the lot itself, which at 6,394 sqft is above the Winnipeg average.
3. What does the sale history indicate?
The home sold in the $450k-$500k range in 2019 and the $500k-$550k range in 2017. This history shows established value in that price bracket, but for the most precise figures, you must request the exact sold prices from the site.
4. How does the year built affect this property?
Built in 1995, the home is newer than about 80% of properties citywide and newer than most on its street. This suggests potentially fewer immediate major system replacements compared to older inventory, but updates may still be desired.
5. Who would this property not suit?
Buyers needing substantial move-in-ready space for a growing family may find the living area limiting compared to other homes in Linden Woods. It's less suited for those seeking a home at the peak of modern design, as the focus here is on location and lot value over interior size or finish.