Property Overview: 320 Linden Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1951-built home in Rossmere-B presents a clear value proposition centered on its land. At 926 sqft, the living space is modest and below averages for the street, neighborhood, and city. However, it sits on a 5,589 sqft lot, which ranks in the top 5% on Linden Avenue, offering significantly more outdoor space than typical local properties. The assessed value of approximately $327k is above the street average, suggesting the lot size is a key factor in its valuation.
The primary appeal lies in this land-to-structure ratio. It’s a property where the value is more in the ground than in the current footprint, appealing to those who prioritize outdoor space, gardening, or future expansion potential over immediate square footage. It last sold in mid-2021, and its previous sale in 2016 shows substantial price growth over that five-year period.
This home would best suit a practical buyer who sees potential. It could be ideal for a first-time buyer comfortable with a cozier interior who desires a large yard, or for a long-term planner who views the sizable lot as a blank canvas for a future renovation, addition, or even redevelopment, subject to zoning.
Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. With 926 sqft of living area, it is smaller than the average home on its street, in Rossmere-B, and across Winnipeg. The home’s size is a trade-off for its larger-than-average lot.
2. Why is the assessed value higher than the street average if the house is smaller?
The assessed value reflects the entire property, not just the building. The lot size is exceptionally large for Linden Avenue, which positively impacts the total assessment, indicating the land itself holds significant value.
3. How does the lot size compare to typical city lots?
At 5,589 sqft, the lot is larger than the average in Rossmere-B and on Linden Avenue, but is around the citywide average. Its standout feature is how it compares directly to its immediate neighbors on the same street, where it ranks very highly.
4. What was the historical price trend?
Public data shows it sold within the $350k-$400k range in June 2021, and within the $250k-$300k range in November 2016. This indicates a notable increase in value over that 5-year period.
5. What are the neighboring homes like?
Nearby homes on Linden Avenue and surrounding streets vary in age, size, and value. They range from smaller, older homes to those built in the 1970s with more living space, providing a mixed-character streetscape typical of mature Winnipeg neighborhoods.