Property Summary: 10 Foxmeadow Drive, Linden Woods
Key Characteristics & Appeal
This home at 10 Foxmeadow Drive presents a compelling opportunity in Winnipeg's desirable Linden Woods neighbourhood. Its primary appeal lies in its strong value proposition and established location. With 1,970 sqft of living space, the home is notably larger than most in the immediate area and across the city, offering ample room for a growing family. The lot size of over 6,100 sqft is also generous for the street and provides good outdoor space.
A standout characteristic is the property's assessed value, which ranks in the elite top 3% on its own street. This suggests the home is considered a higher-value asset compared to its direct neighbours, which can be a positive indicator for equity. Built in 1987, the home is a mature property in a well-established area, appealing to those seeking a settled neighbourhood with mature landscaping.
This property would suit buyers looking for a spacious family home in a prime neighbourhood without venturing into the premium price tier of brand-new constructions. It’s ideal for someone who values above-average interior space and a sizable lot, and who is comfortable with a home from the late 1980s that may benefit from personalized updates. The strong assessed value relative to the street also makes it interesting for buyers with a long-term view on value retention.
Frequently Asked Questions
1. What does the "Top 3%" assessed value ranking on the street mean?
It means this home's official municipal assessed value is higher than 97% of the 107 homes on Foxmeadow Drive. This typically indicates the property is considered a higher-value asset on its block, which can be positive for equity, but it's also important to consider recent sale prices for a complete market picture.
2. How does the home's size compare practically?
At 1,970 sqft, it is significantly larger than the average home on its street (~1,696 sqft) and the Winnipeg city-wide average (~1,342 sqft). This translates to more living space than you'd find in many comparable neighbourhood homes.
3. The home sold in 2017 and again in 2022. What does that indicate?
The two sales within a five-year period could reflect normal life changes for the previous owners (e.g., relocation, upsizing). The sold price range increased between those sales, which aligns with broader market trends over that period.
4. Is a 1987-built home a concern?
Not inherently. Homes from this era in established neighbourhoods like Linden Woods are often solidly built. The key consideration will be the upkeep and updates made over the years, particularly to major systems like roof, windows, and HVAC, which may be nearing or past their typical lifespans.
5. Why is the assessed value so different from the city-wide average?
The city-wide average assessed value includes all types of properties across all neighbourhoods. This home's assessment is specific to its location, size, and characteristics within the desirable Linden Woods area, where property values are generally higher than the city median.