Property Overview: 87 Princewood Road, Linden Woods
Key Characteristics & Appeal
This home at 87 Princewood Road presents a compelling mix of location, value, and practicality. Built in 2003, it is notably newer than most homes in Winnipeg, ranking in the top 5% for its age within the desirable Linden Woods neighbourhood. This suggests modern construction standards and potentially lower immediate maintenance needs.
The appeal lies in its efficient use of space and lot. With 1,313 sqft of living area, the home is more compact than many in its immediate area, which is reflected in its below-average assessed value for the street and neighbourhood. However, this positions it as a relative value proposition within an established community. The lot size of 6,760 sqft is generous city-wide and typical for the street, offering good outdoor space. The home last sold in the $500k-$550k range in 2021.
This property would suit first-time buyers or downsizers seeking entry into a premium neighbourhood without the premium price tag of a larger home. It’s also a practical choice for those who value newer infrastructure and a manageable footprint, preferring to invest in location and land over square footage. A thoughtful perspective is that its "below average" size for the area is precisely what creates its affordability and lower upkeep, offering a smarter way to access the community’s amenities and reputation.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbours?
Yes. The living area ranks in the bottom half of homes on Princewood Road and Linden Woods, making it more compact than most in the immediate area. This is a key factor in its pricing.
2. What does the assessed value tell us?
The assessed value is below average for the street and neighbourhood, but above average for the entire city. This highlights the premium of the Linden Woods location and suggests the property offers value within that specific market.
3. How does the year built affect the home?
Built in 2003, the home is much newer than the Winnipeg average. This typically means modern building codes, newer major systems (like roof, windows, HVAC), and potentially more contemporary layouts, which can reduce near-term renovation costs.
4. What can we infer from the 2021 sale price?
The sale price range of $500k-$550k in 2021 provides a recent market anchor. Interested buyers should research current market conditions to understand how values in the area have trended since then.
5. How do I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request the precise history by emailing the listing service via the provided button; they provide this data manually without using your email for marketing.