195 Lyndale Drive

Property Overview: 195 Lyndale Drive, Norwood West, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of space, value, and location. Built in 1948, it offers 1,311 sqft of living area, which is comfortably sized and aligns with city-wide averages. The standout feature is the generous 7,573 sqft lot, which ranks in the top 4% for size within the desirable Norwood West area. This creates significant potential for gardening, outdoor living, or future expansion.

The appeal lies in its balanced positioning. With an assessed value of $417,000, it sits below the average for its specific street but is competitive when viewed against the broader neighbourhood and city. This suggests you may get more property—particularly land—for your dollar here compared to immediate neighbours. The home last sold between $350k-$400k in early 2022.

This property would suit a practical buyer who values outdoor space over a brand-new build. It’s ideal for someone looking for a solid foundation in a well-established neighbourhood, who might be willing to update the interior over time. The large lot could appeal to families, gardening enthusiasts, or those with an eye toward long-term value through land ownership.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $417k is for municipal tax purposes. Notably, it's below the street average ($555.8k), which may reflect the home's condition or features. The actual market price will be influenced by current demand, recent upgrades, and the final sold price from 2022, which you can request from the site.

2. How does the lot size compare practically?
The lot is exceptionally large for Norwood West (top 4% in the area). This means more private outdoor space than most nearby homes, but it may also come with higher maintenance or a different streetscape feel compared to homes on smaller, more standard lots.

3. What might "built in 1948" mean for a buyer?
The home is newer than many in Norwood West (top 12% for year built in the area), which could suggest updates to original systems or layout. However, as a 78-year-old home, a thorough inspection for foundational integrity, plumbing, wiring, and insulation is essential. Its age is above the city-wide average.

4. The living area is ranked lower on the street. Should I be concerned?
The living space (1,311 sqft) is smaller than the street average (1,651 sqft) but close to the city average. This indicates the homes on Lyndale Drive are generally larger, so this property might be one of the more modestly sized homes on the block, which can be reflected in its value.

5. How can I verify the past sale price?
The site shows a sold price range from January 2022. For the exact figure and full transaction history, you must request it via email from the site provider, as they do not display MLS data publicly due to industry regulations.