Property Overview: 621 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 621 Lyndale Drive presents a compelling blend of a well-established neighborhood and a relatively modern build. Constructed in 1972, it is notably newer than most homes in historic Norwood West, potentially offering advantages in building standards and systems compared to the area's many century-old properties. With 1,274 sqft of living space, the house is slightly below the street average but aligns closely with the citywide norm, suggesting a manageable, efficient layout.
The property’s primary appeal lies in its generous 6,599 sqft lot, which is above average for both the neighborhood and the city, providing valuable outdoor space. Its assessed value of $554k is significantly above the neighborhood and city averages, indicating strong perceived value and desirability within its immediate area. This combination—a newer home on a larger lot in a mature community—creates a unique position. It would suit buyers looking for the character and location of Norwood West but with a preference for a home from a more recent era, possibly seeking lower maintenance or more modern foundations than the area's typical stock, while still valuing substantial yard space.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
While the home's living area is slightly below the average for Lyndale Drive itself, it is very close to the average size for both the wider Norwood West neighborhood and the city of Winnipeg as a whole, representing a standard, comfortable footprint.
2. Why is the assessed value so much higher than the neighborhood average?
The assessed value reflects the property's specific attributes, particularly its larger-than-average lot size and its newer construction date relative to most homes in Norwood West. These features are significant value drivers that place it in the top tier of properties in the area.
3. What does the "Elite" ranking for Year Built in the neighborhood mean?
This indicates that a home built in 1972 is among the newest 4% of comparable properties in Norwood West. This is a notable distinction in a neighborhood filled with older, character homes, suggesting potentially updated infrastructure and materials.
4. What was the likely final sale price when it sold in August 2023?
Public data shows a sold price range of CA$550,000–$600,000. This range aligns closely with the property's current assessed value and its "Above Average" value rankings.
5. Is the lot size a standout feature?
Yes. The lot is over 6,500 sqft, ranking in the top 7% for Norwood West. This provides a significant amount of private outdoor space, which is a premium feature in established urban neighborhoods.