593 Lyndale Drive

Property Overview

This home at 593 Lyndale Drive presents a solid, grounded opportunity in Winnipeg's Norwood West neighbourhood. Built in 1948, it offers 1,519 sqft of living space on a notably generous 6,240 sqft lot. Its recent sale price (estimated between $500k-$550k in early 2025) sits above its $427k assessed value, indicating strong market interest. The appeal here is in its balance: it provides above-average city-wide space both indoors and outdoors, within a character neighbourhood, at a value point that is competitive for the area. A key perspective is its positioning relative to different markets—while its value is below average for Lyndale Drive itself, it is squarely average for Norwood West and above average city-wide, suggesting it offers more accessible entry into a desirable street.

Who It Suits:
This property would suit practical buyers looking for a character home with room to breathe. It's ideal for those who prioritize lot size over a fully modernized interior, offering space for gardens, play, or expansion. First-time buyers seeking a home with above-average space for the city, or downsizers wanting a manageable single-level layout (common in this era) with a large private yard, would find it particularly fitting. It appeals to the value-conscious buyer who recognizes the long-term asset of a larger lot in an established area.

Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold for an estimated $500,000 to $550,000 in January 2025, which is notably higher than its $427,000 assessed value. This suggests the market valued it above its official tax assessment, likely due to factors like the lot size, location, and recent market conditions.

2. Is the lot size unusual for the area?
Yes. The 6,240 sqft lot ranks in the top 10% for size within Norwood West, making it a standout feature. This is significantly larger than the area average of about 5,601 sqft.

3. What does the "below average" assessed value for Lyndale Drive mean?
This indicates that on its own street, where average assessed values are around $555,800, this home's $427,000 assessment is on the lower end. This could reflect the home's vintage, specific condition, or smaller size relative to some neighbours, but it also may represent a more affordable point of entry onto the street.

4. How old is the home, and what should I consider?
Built in 1948, the home is 78 years old. While it ranks as newer than many in Norwood West, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, roofing, and windows, and consider an inspection to evaluate their current state.

5. Where can I get the exact sold price and history?
The exact sold price is not publicly displayed due to data source restrictions. You can request the precise figure and full transaction history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.