Property Overview: 816 Lindenwood Drive W
Key Characteristics & Appeal
This is a well-maintained, modern home built in 2005, situated in the established Linden Woods neighbourhood. Its primary appeal lies in its contemporary construction relative to the area—it ranks in the top 4% for year built on its own street and top 1% within Linden Woods, meaning it offers newer systems and likely requires less immediate upkeep than many nearby homes. With 1,980 sqft of living space, it is comfortably sized, comparing as average for the immediate area but above average when viewed across the entire city. The assessed value of $620,000 aligns with this positioning, being typical for Linden Woods but placing it in the top 7% city-wide, underscoring the neighbourhood's premium.
The lot size, at just under 6,000 sqft, is notably more compact than many in Linden Woods, ranking in the bottom 20% for the area. This isn't necessarily a drawback; it translates to less yard maintenance and a more efficient outdoor space, which can be a perk for busy professionals or those seeking a lock-and-leave lifestyle within a family-oriented community. The home last sold in the $600k-$650k range in 2024, indicating a stable and recent market valuation.
This property would best suit buyers who prioritize a modern home in a sought-after neighbourhood without wanting a sprawling yard to manage. It’s ideal for growing families or professionals seeking the Linden Woods amenities and school catchment, but who value their time and prefer a home that’s newer than most of its peers.
Frequently Asked Questions
1. How does the lot size compare to others in Linden Woods?
The lot is approximately 5,873 sqft, which is below the average for Linden Woods. This means less yard maintenance but also potentially less private outdoor space than some larger lots in the area.
2. The home sold recently in 2024. What does that mean for its current value?
The sale within the last year provides a very clear, recent benchmark for its market value, offering strong data for both pricing and comparison. It suggests the property is likely in move-in ready condition and has been vetted by the market very recently.
3. Is the assessed value a good indicator of the listing or sale price?
The $620,000 assessment is a municipal valuation for tax purposes. Given the 2024 sale price fell between $600k and $650k, the assessment appears closely aligned with its recent market value, which is a useful point of reference.
4. What does it mean that the home is "newer" than most in the area?
Built in 2005, this home is significantly newer than the Linden Woods average (1990-1992). This typically suggests more modern building materials, updated electrical/plumbing standards, and potentially lower near-term costs for major replacements like roofs or windows.
5. How does this home fit within the broader Winnipeg market?
City-wide, this home ranks above average in both size and value. It offers more living space than the typical Winnipeg home (1,342 sqft avg.) at a value point that places it in the top tier of the market, confirming its position as a premium property in a desirable neighbourhood.