Property Overview
411 Lyndale Drive is a well-established home in Winnipeg's Norwood West neighbourhood, built in 1944. The property stands out for its generous proportions, featuring over 2,000 square feet of living space on a 6,237 square foot lot. Its assessed value of $661,000 places it firmly among the more premium homes in the area, ranking in the top 5% citywide and the top 4% within Norwood West. This suggests a property that offers both size and a prime location. It last sold in March 2017 for between $450,000 and $500,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its above-average scale and prestigious positioning within the market. It offers significantly more living space than most homes in Winnipeg and its immediate area, catering to those who need room to grow or simply value spaciousness. The lot size is also substantial for Norwood West, providing valuable outdoor space. While the home's age (82 years) means it may require updates or mindful maintenance, it also represents a piece of the neighbourhood's character. This property would best suit buyers looking for a established, sizeable home in a central neighbourhood, who are prepared for the value and potential responsibilities that come with an older, high-assessment property. It’s a solid choice for someone prioritizing interior and land space over a modern build, and who sees value in a home that already holds an "elite" status in terms of municipal assessment.
Frequently Asked Questions
1. What does the "Elite" assessment ranking mean?
It means the home's municipal assessed value of $661,000 is higher than approximately 95-96% of all homes in Winnipeg. This indicates it is considered a premium property for tax purposes, which often correlates with desirable location, size, and amenities.
2. The home was built in 1944. Should I be concerned?
An 82-year-old home will likely have older infrastructure, such as plumbing, electrical, and the roof. While this doesn't preclude a sound purchase, it makes a thorough home inspection absolutely essential to understand the condition and anticipate any needed updates or maintenance costs.
3. The lot is large for the area. What are the possibilities?
The 6,237 sqft lot is in the top 10% for Norwood West. This allows for generous private yard space, gardens, or recreational areas. Depending on local zoning, it could also present future potential for additions or landscaping projects that smaller lots cannot accommodate.
4. How reliable is the sold price data shown?
The site notes the sold price is a range from public records, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email. The provided range of CA$450k–500k for the 2017 sale offers a general benchmark for market history.
5. The value has increased significantly since 2017. Is this typical?
The jump from the 2017 sale price to the current $661k assessment reflects broader market trends, but also the specific premium status of this property. It underscores the home's high market positioning. Buyers should research recent comparable sales in Norwood West to understand the current fair market value, which may differ from the tax assessment.