Property Overview & Key Characteristics
This home at 69 Lindenwood Drive E in Winnipeg's Linden Woods neighbourhood presents a specific value proposition. Built in 1983, it is a 1,618 sqft house on a 6,138 sqft lot. Its key appeal lies in its position as a more modestly-sized home within a desirable, established area. While its living space and assessed value are below the averages for Linden Woods and its own street, they rank well above average when compared to the entire city. This creates an opportunity for buyers seeking entry into a sought-after community without the premium typically attached to its larger, newer homes.
The property would suit first-time buyers or downsizers who prioritize location and community amenities over a large or modern footprint. It offers a chance to own a single-family home in Linden Woods, often at a more accessible point than its neighbours. A thoughtful perspective is that this home represents the original character of the area, built in the early years of the neighbourhood's development. Its above-average citywide rankings suggest it offers solid fundamentals that are simply outscaled by the larger, luxury homes that have since been built around it.
Frequently Asked Questions
1. Is this house significantly smaller than others in Linden Woods?
Yes. At 1,618 sqft, its living area ranks in the bottom 10% for Lindenwood Drive E and bottom 17% for the broader Linden Woods area, where average homes are over 2,000 sqft.
2. Why is the assessed value so much lower than the last sold price range?
The assessed value for taxation purposes ($56,200) is not a market valuation. The home sold for an estimated $350k-$400k in 2017, which is more indicative of its market value.
3. What are the advantages of an older home like this in this area?
An older build (1983) in a mature neighbourhood often means a larger, established lot compared to newer city infill projects. It also may be positioned on a quieter, tree-lined street from the community's early phases of development.
4. How does this property compare to the average Winnipeg home?
Citywide, this home ranks very well. Its living area is above average (top 25%), and its assessed value is in the top 11%, indicating its fundamentals are strong compared to the broader Winnipeg market.
5. Can I find out the exact price it last sold for?
The provided sold price is a public data range. The listing service notes that the exact sale price can be requested directly from them via email, which they provide manually.