Property Overview: 97 Thorncliff Bay, Linden Woods
Key Characteristics & Appeal
This well-situated home at 97 Thorncliff Bay in Linden Woods presents a compelling blend of established neighbourhood character and relative value. Built in 1984, it is one of the older homes on its street, which can suggest a more mature lot with established landscaping and a settled streetscape. With 1,716 sqft of living space and a 6,391 sqft lot, the property offers above-average interior space city-wide but sits around the average for the desirable Linden Woods area. This positioning means you get the benefits of the community—excellent schools, amenities, and prestige—without necessarily paying for the largest home on the block.
Its appeal lies in this balance. The assessed value is notably higher compared to the Winnipeg average, yet it is below average for Linden Woods itself, indicating a potential entry point into the neighbourhood. It would suit practical buyers who prioritize location and lot size over a brand-new build, including young families seeking established roots, or value-conscious purchasers looking for a solid property in a top area without the premium for a recent renovation or maximum square footage. The 2024 sale in the $550k-$600k range confirms its market position as a sought-after, mid-range offering in this community.
Frequently Asked Questions
1. How does this home’s size compare to others in Linden Woods?
At 1,716 sqft, the living area is slightly below the current average for Linden Woods (approx. 2,023 sqft). However, it is above the city-wide average, offering a comfortable size within a premium neighbourhood.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is for municipal tax purposes. The home’s 2024 sale price ($550k-$600k) is a more direct indicator of its market value, showing it sold for significantly more than the city-wide average assessed value but within a competitive range for its street.
3. What are the implications of the 1984 build year?
As one of the older homes on Thorncliff Bay (ranked 3rd oldest of 42), it likely comes with the character and mature trees of an established property. Buyers should factor in the potential for updates to systems, kitchens, or bathrooms common for homes of this era.
4. How does the lot size impact the property’s value?
The lot is a generous 6,391 sqft, which is above the Winnipeg average. In Linden Woods, it is around the typical size. This provides ample outdoor space, which is a permanent and valuable feature in a mature neighbourhood where land is scarce.
5. Who would this property not be ideally suited for?
It may not suit buyers seeking a modern, turn-key home with no update projects, or those whose priority is maximum interior square footage within the Linden Woods area. It’s best for those who value the neighbourhood and land first.