Property Overview
This home at 85 Royal York Drive in Winnipeg's Linden Woods neighbourhood presents a distinct value proposition. Its key appeal lies in its above-average citywide positioning on a generous lot, contrasted with its more modest home size within its immediate, affluent area.
Key Characteristics & Suitability
The 1,389 sqft bungalow, built in 1985, sits on a substantial 6,584 sqft lot. The data reveals a clear narrative: while the living area is below average for both the street and Linden Woods, it is squarely average for Winnipeg overall. Conversely, the lot size is above average citywide and on the street itself. The assessed value follows a similar pattern—modest for the immediate neighbourhood but ranking in the top 11% citywide, suggesting significant value relative to the broader market.
Its primary appeal is for buyers seeking land space and neighbourhood amenities over sheer interior square footage. It suits a downsizer looking to stay in a desirable area without maintaining a large home, a value-conscious buyer prioritizing lot size for gardens or outdoor living, or an investor recognizing the underlying land value in a mature, established community. A less obvious perspective is that its "below-average" size for the area could mean lower utility costs and property taxes compared to neighbouring larger homes, while still providing access to the same sought-after location.
Frequently Asked Questions
1. How does the home's size compare to others in Winnipeg?
At 1,389 sqft, the living area is very close to the citywide average of 1,342 sqft, making it a typically sized home for most of Winnipeg, though more compact than most in Linden Woods.
2. What is the significance of the lot size?
The 6,584 sqft lot is a standout feature. It ranks above average both citywide and on Royal York Drive itself, offering more outdoor space than many comparable properties.
3. Why is the assessed value so much lower than the recent sold price?
The city's assessed value for taxation purposes ($56.80k) is consistently much lower than market value. The home sold in the $600k-$650k range in 2022, which is the relevant market benchmark.
4. Who would this property best suit?
It's ideal for buyers who value a large lot in a premium neighbourhood more than a large house. This includes downsizers, those focused on outdoor space, or budget-conscious buyers wanting entry into Linden Woods.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it directly via the email button on the listing page; the service provides the accurate figure manually without using your email for marketing.