Property Overview: 487 Lindenwood Drive W, Linden Woods
Key Characteristics & Appeal
This home is a standout for its spaciousness and premium valuation within a desirable, established neighbourhood. Built in 2002, it offers modern construction while being part of a mature community. The primary appeal lies in its generous 2,654 sqft living area, which ranks in the top 9% on its street and top 2% city-wide, indicating significantly more space than most Winnipeg homes. This is complemented by an elite assessed value of $760k, placing it in the top 3% both locally and city-wide, a marker of its perceived quality and desirability.
The property suits buyers looking for a move-in ready, spacious family home in a prime area without needing a new build. Its recent sale history shows consistent and strong value growth. A thoughtful perspective is that while the lot size is around average for the area, the home's value is clearly driven by the interior volume and quality, appealing to those who prioritize living space over extensive yard maintenance. It’s an ideal fit for professionals or growing families seeking established prestige, excellent schools, and community amenities, with the trade-off being a higher price point reflective of its top-tier status.
Frequently Asked Questions
1. How does this home’s value compare to nearby properties?
With an assessed value of $760k, this home is in the elite top 3% on its street and city-wide. Recent sale prices also place it in the top 4% of sales on Lindenwood Drive W, confirming its premium market position.
2. Is the lot size typical for the area?
Yes. The 6,223 sqft lot is around the average for both Lindenwood Drive W and the broader Linden Woods neighbourhood, indicating the home’s value is derived more from its size and quality than from an unusually large parcel of land.
3. What does the sale history tell us about the property’s market performance?
The home has sold three times since 2018, with each sale price range placing it in the top tier of the market for that period. The increase from the $600k-$650k range in 2020 to $800k-$850k in 2024 demonstrates strong appreciation.
4. How modern is the home compared to others nearby?
Built in 2002, it is newer than most. It ranks in the top 10% for year built on its street, meaning it is among the newest 10% of homes on Lindenwood Drive W, offering more contemporary layouts and systems.
5. How can I find out the exact historical sold prices?
The precise sold prices are not published publicly. You can request the exact figures via email from the listing source, which provides them manually without using your contact information for unsolicited marketing.