Property Overview: 71 Waterbury Drive, Linden Woods
Key Characteristics & Appeal
This home at 71 Waterbury Drive is a standout property in Winnipeg’s desirable Linden Woods neighbourhood, defined by its substantial scale and premium lot. Its most defining feature is the exceptionally large 18,189 sqft lot, which ranks in the top 2% on its street and top 1% within Linden Woods, offering rare potential for privacy, landscaping, or expansion. The living space of 3,261 sqft is well above average, placing it comfortably within the top tier of homes in the area and citywide.
The appeal lies in this combination of a generous, modern-sized home on a truly elite parcel of land—a pairing that is increasingly uncommon in established, sought-after communities. Built in 1987, the home is of a vintage where significant renovations or updates are common, presenting an opportunity for buyers to tailor the interior to modern tastes while securing an irreplaceable lot. It suits buyers looking for a long-term family home in a premier area, who value space and land above a move-in-ready finish. It’s particularly well-matched for those with the vision or budget to potentially update the home, thereby increasing its value further, or for anyone who prioritizes outdoor space for gardens, recreation, or future additions.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $1.09M is a municipal calculation for tax purposes. Given the home’s elite lot size and above-average living area, market competition for such a rare property could influence the final sale price to be above this assessment.
2. What does the 1987 build year mean for a buyer?
While the structure is nearly 40 years old, major systems (like roof, windows, HVAC) may be at or beyond their typical lifespan. A thorough inspection is crucial. This age also means the home likely has a classic, solid build quality but may require updates to contemporary energy efficiency and design standards.
3. The lot is huge. Are there any restrictions on what I can build?
While the lot size offers great potential, all changes are subject to City of Winnipeg zoning bylaws and Linden Woods architectural guidelines. Any plans for additions, pools, or secondary suites would require due diligence and permits.
4. The last recorded sale was between $750k-$800k in 2017. Why the jump in value?
The increase reflects both the strong appreciation in Winnipeg’s premium neighbourhoods over the past eight years and the unique, high-value attribute of the lot size. Land value is a significant driver here.
5. Is the property’s ranking just a marketing tactic?
The rankings are derived from objective public data comparisons. Being in the top 1-2% for lot size city-wide isn’t a subjective claim; it quantifies the genuine rarity of a property of this scale within the Winnipeg market.