Property Overview
43 Princewood Road is a well-maintained family home in the established Linden Woods neighbourhood. Built in 2002, it offers a comfortable 1,220 sqft of living space on a 5,570 sqft lot. The home presents a practical opportunity in a desirable area, with a recent 2024 sale price in the $500k-$550k range.
Key Characteristics & Appeal
This home’s primary appeal is its position as a relatively affordable entry point into the sought-after Linden Woods community, known for its schools and amenities. The data reveals a nuanced picture: while the living space and lot size are modest compared to immediate neighbours on Princewood Road, the home is actually above average for its age and assessed value when compared to the entire city. This suggests a solid, no-frills property in a premium location.
It would suit first-time buyers or downsizers seeking the Linden Woods lifestyle without the premium for a larger, newer home. It’s a pragmatic choice for those who value community and location over sheer square footage, offering a chance to own a modern-enough home in a mature neighbourhood. A thoughtful perspective is that its "below average" metrics on its own street indicate a quieter, potentially more private lot compared to the larger estates nearby, while still benefiting from the same area advantages.
Frequently Asked Questions
1. Is this a good value for Linden Woods?
Yes, particularly for buyers prioritizing location. It sold below the typical price point for the neighbourhood, offering access to the community’s perks at a more accessible level.
2. How does the size compare to other homes?
At 1,220 sqft, it is smaller than most homes on its street and in Linden Woods overall. However, it is very close to the average home size across the entire city, indicating a standard, functional layout for a family.
3. What is the property’s condition given its age?
Built in 2002, the home is relatively modern and likely requires only routine maintenance, not major foundational or system overhauls common in much older properties.
4. Why is the assessed value so much lower than the sale price?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using different criteria. The recent sale price is a far more accurate reflection of its current market worth.
5. Are there comparable homes nearby?
The listing references nearby properties on Princewood and Thurston Bay. For a true comparison of lot size, age, and value within the immediate area, using the provided neighbourhood analysis map tool is recommended.