Property Overview
78 Waterbury Drive is a substantial family home in Winnipeg's sought-after Linden Woods neighbourhood. Its primary appeal lies in its exceptional interior space, offering over 4,100 square feet of living area, which places it within the top 1-2% of homes citywide and on its own street. Built in 1989, the home is well-established on a generous, near-9,000 sqft lot. While its assessed value is notably high compared to the city average, it is more in line with—and even slightly above—the standards of its immediate, upscale surroundings. This property suits buyers looking for established prestige, ample room for a growing or multi-generational family, and a desire for a home whose scale and location offer long-term value in a mature, elite community. A thoughtful perspective is that this home represents a "value of space" proposition; in a newer subdivision, similar square footage might come at a significantly higher price point, whereas here you acquire immense volume within a mature landscape.
Frequently Asked Questions
What does the "Elite" ranking for living area actually mean?
It means this home's interior size is larger than 99% of comparable homes across Winnipeg and 98% of homes on its own street. Simply put, you are getting an unusually spacious property.
Is the assessed value an accurate indicator of the likely selling price?
Not directly. The assessed value (for municipal tax purposes) of approximately $883,000 is a benchmark. The last known sale was in the $950,000 to $1 million range in 2022. The market, current condition, and updates will determine the final price.
How does the lot size compare to newer neighbourhoods?
At just under 9,000 sqft, the lot is above average for the city and Linden Woods. It offers significant outdoor space, which can be harder to find in newer communities where lots are often narrower and shallower.
The home was built in 1989. Should I be concerned about major repairs?
A home of this age is likely entering a period where core components (roof, windows, major mechanical systems) may need evaluation, updating, or replacement. A thorough inspection is essential, but this also presents an opportunity to modernize systems for efficiency.
Why is the "same street" average assessed value so much higher than the city average?
Waterbury Drive is in an established, premium area where property values are consistently high. The average for the street is around $820,000, confirming that this home is situated in a high-value enclave, making its value contextually appropriate.