Property Overview: 233 Linden Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 828 sqft bungalow on a 4,991 sqft lot in Rossmere-B is a classic Winnipeg post-war home, built in 1951. Its key characteristic is its market-aligned positioning: with an assessed value of $311k, it sits squarely around the average for its street and neighborhood, and notably below the citywide average. The living area is modest and below average for its locale, which is a defining factor.
The appeal lies in its affordability and stability within a well-established neighborhood. It represents a practical entry point into homeownership without the premium often attached to larger or newer homes. The lot size is generous for the area, offering potential for outdoor space or future expansion. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance asset with straightforward, average value metrics. It’s a home for those who prioritize location and lot over square footage, and who see the value in a property that doesn’t carry the cost burden of being "above average."
Section 2: Frequently Asked Questions
1. Is the below-average living area a major drawback?
Not necessarily. While the home is cozier than many on the street, this is reflected in its accessible price point. For the right buyer, it translates to lower utility costs, less maintenance, and a more efficient use of space.
2. How does the assessed value compare to recent sale prices?
Public data shows homes in this area sold in a range of $300k-$350k around February 2021. The current $311k assessment aligns closely with that lower end, suggesting a stable, realistic valuation.
3. What are the implications of the 1951 build year?
It places the home in the common age range for Rossmere-B. Buyers should budget for expected updates to major aging components like roofing, windows, or plumbing, which is typical for homes of this vintage.
4. How does this property rank for investment potential?
Its metrics suggest it’s a steady, middle-of-the-road property rather than a standout. It’s unlikely to dramatically outpace or underperform the market, making it a conservative investment choice focused on gradual equity build and rental coverage, rather than high appreciation.
5. What is the neighborhood context for this value?
The home’s value is average for Rossmere-B but below the Winnipeg city average. This indicates you are paying for a specific, established community atmosphere rather than a citywide premium, offering good value within a desirable local context.