Property Overview: 408 Linden Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Rossmere-B neighborhood. Its key characteristic is value: with an assessed value of $286k, it sits below the average for both the street and the wider city. The 933 sqft living area is modest but functional, ranking comparably with other homes on Linden Avenue.
The appeal lies in its balance of a larger-than-average lot for the street (over 5,000 sqft) and a price point that offers entry into a stable neighborhood. Built in 1914, it is one of the older homes in the area, which may attract buyers interested in character or potential renovation projects, with the understanding that age brings considerations for maintenance and systems updates. It would suit first-time buyers seeking a manageable footprint, value-oriented investors, or downsizers looking for a single-level home with a generous outdoor space. The recent sale history suggests steady market interest.
Frequently Asked Questions
1. How does the home's age impact its value and condition?
Built in 1914, it is significantly older than most area homes. This can mean charming character but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed updates.
2. Is the below-average assessed value a good sign?
It indicates a potentially lower purchase price relative to the area, which is a key appeal. However, it's essential to determine if this reflects the home's size and age, or if it signals a need for significant investment. Comparing it to recent sale prices of similar nearby homes is crucial.
3. What are the advantages of the larger lot size?
The lot is above average for Linden Avenue, offering more private outdoor space than many neighbors. This is a valuable asset for gardening, recreation, or future expansion, subject to local zoning.
4. What can recent sale prices tell me?
The home sold in 2020 and 2016, each time in a different price band. This history shows active market turnover but suggests verifying the exact sale prices and any improvements made between sales to gauge true market movement.
5. How does it compare to the nearby homes listed?
It has a similar footprint to several nearby homes but is older than most. Its assessed value is lower than many direct comparables, such as 322 Linden Avenue, which is a similar size but built decades later and assessed higher. This highlights the trade-off between age, condition, and price.