Property Overview: 163 Linden Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1945, presents a compelling opportunity centered on space and value. Its primary appeal lies in its generous 1,488 sqft living area, which ranks in the top 8% for size on its street, offering significantly more room than many neighbouring homes. This is paired with a solid, average-sized lot of just over 5,000 sqft. The home has an unrenovated basement and does not include a garage or pool.
The property’s standout characteristic is its assessed value of $38.90k, which places it in the elite top 4% on Linden Avenue for this metric. This suggests a favourable tax assessment relative to its immediate peers. Recent sale history shows a notable increase in value between its 2019 and 2022 sales.
This home would suit a practical buyer looking for ample interior space in a mature neighbourhood, who sees potential in a property that offers good square footage for the assessed value. It’s a candidate for those comfortable with a home of its era, possibly seeking a project to customize over time, or an investor attracted by the value proposition on paper. The lack of a garage and an unfinished basement means it appeals less to those seeking immediate, turn-key convenience.
Section 2: Frequently Asked Questions
1. What does the "elite" assessed value ranking actually mean?
It means the home’s municipal assessed value for tax purposes is among the highest on its street (top 4%). This doesn't directly dictate market sale price, but it can indicate the city’s valuation of the property relative to its closest neighbours.
2. The home sold for significantly more in 2022 than in 2019. What should I consider?
This sharp increase highlights strong market appreciation in that period. A key question for a buyer is understanding what, if any, changes were made to the property between those sales, and how current local market conditions compare to late 2022.
3. The living area is large for the street, but the basement is unrenovated. What's the implication?
You are acquiring a home with above-average finished living space already, with the basement representing pure potential. This separates it from properties where renovation work is needed just to access basic living areas, allowing you to prioritize and plan any lower-level updates on your own timeline.
4. How does the lot size compare?
At 5,018 sqft, the lot is fairly typical for Linden Avenue but is below the average lot size for the broader Kildonan Drive area. This means you get a standard yard for the immediate street, but shouldn’t expect an exceptionally large outdoor space compared to some other parts of the neighbourhood.
5. The home is older (1945). What are the less obvious trade-offs?
Homes from this era often feature solid construction and room proportions that are hard to find in newer builds. However, this also means systems like wiring, plumbing, and insulation may be original or dated, and future renovations can sometimes uncover unexpected work. The charm comes with a recommendation for thorough inspections.