Property Overview: 59 Parkroyal Bay, Linden Woods
Key Characteristics & Appeal
This home at 59 Parkroyal Bay presents a compelling blend of established neighbourhood character and above-average space. Built in 1983, it is a well-situated property in the desirable Linden Woods area. Its primary appeal lies in its generous scale: with 2,330 sqft of living area, it offers significantly more interior space than the typical Winnipeg home, placing it in the top 5% city-wide. This is complemented by a substantial 7,317 sqft lot, providing ample outdoor space that is above the city average.
The home’s assessed value positions it as a premium property within its immediate street and neighbourhood, and its recent sold price history suggests a strong and growing market valuation. It suits buyers looking for established community roots without sacrificing room to grow. It’s an ideal fit for families or those who value space and a mature setting over a brand-new build, and who appreciate a home that holds an elite position for size when viewed across the entire city, not just its own affluent area.
Frequently Asked Questions
1. How does this home’s lot size compare to its neighbours?
While the lot is a comfortable size and above the Winnipeg average, it is slightly below the average for Parkroyal Bay itself. This suggests the property may have a more manageable yard while still offering good outdoor space.
2. The home was built in 1983. What does that imply?
As an older home in Linden Woods, it is from the earlier phase of the neighbourhood's development. Buyers should budget for potential updates consistent with a home of this age, but it also means the property is part of a mature, well-established streetscape with larger lot sizes.
3. What do the sold price ranges indicate about value?
The listed sold price ranges from 2021 and 2022 show consistent, high-value transactions. This indicates strong demand and a history of the property holding its value well in the market. The exact sold prices are available upon request to provide precise figures for your analysis.
4. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes. Notably, this home’s assessed value is in the top 18% in Linden Woods and top 4% city-wide, confirming its premium positioning. However, recent sold prices are a more direct indicator of current market value, which the data shows has been significantly higher.
5. Who would this home not suit?
It may not be the best fit for buyers seeking a modern, turn-key new build without any renovation projects, or for those who prioritize having the absolute largest lot on the block. Its appeal is strongest for those who value space, location, and established neighbourhoods.