Property Overview: 178 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This home stands out for its substantial size and premium valuation within a well-established neighborhood. Its primary appeal lies in offering significantly more space than typical Winnipeg homes, with a living area of 2,485 sq ft that ranks in the top 3% citywide. The lot is also generously sized at over 7,100 sq ft, providing ample outdoor space. With an assessed value of $860,000, it sits comfortably in the top 1% of its neighborhood and top 2% citywide, indicating a property of considerable caliber and investment.
Its character is defined by a notable contrast: while the home is older, built in 1911, its spaciousness and land parcel are modern luxuries. This creates a unique profile suited for buyers who value the charm and established streetscapes of a historic area but desire interior volume and a large yard more commonly found in newer suburbs. It’s an ideal match for families seeking room to grow, or for those looking for a property with statistical rarity in terms of both size and value in the Winnipeg market.
Frequently Asked Questions
1. How does the age of the home (1911) impact its value and appeal?
While its age places it well below local averages for year built, this is balanced by its elite rankings for size and value. It appeals specifically to buyers who prioritize space and established neighborhoods over a newer build, but a thorough inspection to understand the condition and any updates is essential.
2. The assessed value is very high for the area. What does this mean?
An assessment in the top 1% of Norwood West confirms this is not a typical property for the neighborhood. It suggests a home that is either extensively renovated, uniquely configured, or on a premier lot. It sets an expectation for a premium offering, but also a higher property tax burden.
3. How reliable is the listed sold price from 2017?
The sold price range of CA$750k–800k is based on public data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
4. What is the practical benefit of the lot size ranking?
At over 7,100 sq ft, the lot is larger than approximately 94% of comparable properties in Norwood West. This offers tangible benefits like greater privacy, space for additions, gardens, or recreational areas, which are rare in central neighborhoods.
5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance home or those sensitive to higher property taxes that accompany a premium assessment. The older age also suggests a potential for more upkeep compared to a newer construction.