Property Overview: 510 Linden Avenue, Winnipeg
Key Characteristics & Appeal
This 863 sqft bungalow, built in 1955, sits on a 5,061 sqft lot in the Rossmere-B neighbourhood. Its key appeal lies in its balance of a modest, manageable home on a larger-than-average lot for the immediate street. While the living space is below average for the area, the property’s assessed value is positioned below both neighbourhood and citywide averages, suggesting a potentially accessible entry point.
The home would suit first-time buyers or downsizers looking for a lower-maintenance footprint with room for a garden, patio, or future expansion. Its consistent sale price range over the last several years indicates a stable, predictable value in its market segment. A thoughtful perspective is that this property represents a classic "land value" proposition—the lot itself is a standout feature on the street, offering possibilities that the interior square footage alone does not.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 863 sqft, the living area is below the average for Linden Avenue (1,064 sqft), the Rossmere-B neighbourhood (1,047 sqft), and Winnipeg overall (1,342 sqft). This indicates a more compact home.
2. Is the lot size a positive feature?
Yes. The 5,061 sqft lot is above the average for Linden Avenue and around average for the broader neighbourhood. This larger parcel is a defining characteristic of this property.
3. What is the property’s value context?
With an assessed value around $293k, it sits below the neighbourhood average ($312k) and significantly below the Winnipeg citywide average ($390k) for comparable homes, potentially offering a cost-effective option in the area.
4. Has the property’s market value been stable?
Public data shows it last sold in 2022 and previously in 2016, both times within the same $250k-$300k price range. This suggests a history of stable value without dramatic appreciation in that period.
5. What are the neighbouring homes like?
Nearby homes on Linden Avenue and surrounding streets are primarily bungalows built in the 1950s and 60s, with a mix of sizes and values. This property’s assessed value is generally lower than many immediate comparables, which often have more living space.