Property Overview
This home at 10 Parkroyal Bay in Winnipeg's Linden Woods neighbourhood presents a specific and compelling profile. Its appeal lies in its above-average citywide positioning on a generous lot, offering a blend of established character and relative value within a desirable area.
Key Characteristics & Ideal Buyer
The 1,947 sqft house, built in 1984, sits on a notably large 8,104 sqft lot. The data reveals a property that stands out more for its land than its structure. While its living area and assessed value are modest compared to its immediate, affluent street and the wider Linden Woods area, it ranks well above the Winnipeg city average in these categories. This creates an interesting dynamic: it's a more accessible entry point into a premium neighbourhood, but the home itself may require updates or expansion to match its surroundings.
Its appeal is for the pragmatic buyer who values location and land over turn-key perfection. It would suit a family seeking space in a top-rated school catchment, a buyer planning a future renovation or addition who wants to secure the lot size first, or an investor attracted by the long-term value of land in a stable, established community. A less obvious perspective is that its "below-average" metrics for the street could mean less property tax burden than neighbours, while still providing the same community amenities and prestige.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The home's assessed value ranks in the top 6% citywide, meaning it is considered more valuable than 94% of properties in Winnipeg. However, within its own Linden Woods area, it ranks around the average, and on its specific street, it is below the local average.
2. Is the lot size unusual for this area?
Yes. The 8,104 sqft lot is above average for both Linden Woods and significantly larger than the typical Winnipeg lot. On Parkroyal Bay itself, it is about average, indicating the street is known for substantial properties.
3. What might "below average for the street" mean in practical terms?
It typically indicates an older or more modestly sized home on a street where many properties have been extensively renovated, expanded, or were built larger originally. It suggests potential to increase the home's value through updates, as the desirable location is already secured.
4. When was it last sold, and for how much?
The home was sold in 2017, with a public price range of CA$500,000–$550,000. The exact sale price is available upon request from the listing service.
5. What are the immediate neighbouring properties like?
The closest neighbours are other homes on Parkroyal Bay and Attley Place, all within the Linden Woods area. The similar assessed values shown are for properties across Winnipeg, not necessarily the immediate neighbours, which on this street likely have higher assessments.