Property Overview: 247 Linden Avenue, Winnipeg
Key Characteristics & Appeal
This home at 247 Linden Avenue in the Rossmere-B neighborhood presents a solid, average offering within its immediate context. Built in 1953, it features 1,022 sqft of living space on a 4,994 sqft lot, with an assessed value of $304k. The appeal lies in its stability and alignment with local norms. Compared to its street and neighborhood, the house consistently ranks around the middle—neither standing out nor falling behind in size, value, or lot. This makes it a predictable and low-surprise option.
Citywide, the living area is below Winnipeg's average, suggesting a more compact footprint that may suit buyers looking for manageable space without excessive upkeep. The lot size is also modest by city standards, offering enough yard for gardening or recreation without being burdensome.
This property would best suit pragmatic first-time buyers or downsizers seeking an established, no-fuss home in a stable community. Its consistent "around average" rankings indicate a lower risk of overpaying relative to the immediate area. It’s a home for those who value neighborhood fit over standout features, offering a straightforward entry into homeownership without the premium or the project status of more extreme comparables.
Frequently Asked Questions
1. How does this home's value hold up in the broader Winnipeg market?
While its assessed value is around the city average, it's notably below the citywide average assessed value for comparable homes ($390.1k). This suggests you may get more house for your money here compared to many Winnipeg neighborhoods, though the living space is typically smaller.
2. Is the lot size a constraint?
At just under 5,000 sqft, the lot is average for the street but smaller than many city lots. It provides adequate private outdoor space but may not accommodate large additions or extensive landscaping ambitions.
3. What does the 1953 build year imply for maintenance?
Built in the post-war era, the home likely has standard construction for its time. Buyers should budget for updates common to houses of this age, such as roofing, windows, or mechanical systems, though its age is typical for the area.
4. The last sale was between $150k-$200k in 2019. Why the jump in assessed value?
The assessed value reflects the current municipal valuation for taxation, influenced by market trends. The significant increase from the 2019 sale price aligns with broader market appreciation over the past several years.
5. Who are the most likely competing buyers for this property?
Given its profile, competition will likely come from budget-conscious buyers comparing it directly to other similar-sized homes on Linden Avenue and in Rossmere-B, rather than those shopping for newer or significantly larger properties citywide.