Property Overview
This home at 115 Duncan Norrie Drive in Winnipeg’s Linden Woods neighbourhood presents a compelling blend of established community living and strong market positioning. Built in 1997, its 2,070 sqft living area is comfortably above the city-wide average, offering ample space in a move-in-ready era of home. Its standout feature is its assessed value, which ranks in the elite top 4% city-wide, indicating a premium valuation that outpaces most of Winnipeg. While the lot size is slightly more modest compared to others on its own street, it remains above the city average, suggesting a efficient use of space with less yard maintenance.
The appeal lies in its proven stability and desirable location. Having sold twice in recent years within the $750k-$800k range, it demonstrates consistent high-market demand. It suits buyers looking for a home in a mature, sought-after neighbourhood without the unknowns of a brand-new build, and who value a property with a strong, above-average financial assessment. A thoughtful perspective is that this home represents the "established premium" of Linden Woods—it’s not the largest on the block, but its value metrics suggest it is well-appointed and positioned within one of the city’s more affluent communities.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than the average for Duncan Norrie Drive, it is still above the Winnipeg average. This typically translates to less exterior maintenance while still providing private outdoor space, which can be a practical advantage.
2. What does the "Elite" city-wide assessed value ranking mean?
This means the property’s official assessed value is higher than approximately 96% of all homes in Winnipeg. It reflects a premium valuation by the tax assessor, often correlated with desirable location, property condition, and market appeal.
3. The home sold in 2022 and again in 2024. Is that a concern?
Not necessarily. The sold price remained in the same range both times, indicating stable market value. The reasons for sale are personal and varied; the consistent price point suggests the property holds its worth well in this market.
4. Is a 1997-built home considered modern or dated?
Built 29 years ago, this home is newer than most in Winnipeg. It likely incorporates modern layouts and infrastructure, avoiding the major systemic updates sometimes needed in much older homes, while possibly offering room for cosmetic personalization.
5. How does this home compare to others in Linden Woods?
Its living space is average for the neighbourhood, but its assessed value is above average (top 18%). This suggests that while it may not be the largest home in the area, it is likely positioned in the higher tier in terms of finishings, condition, or specific location within Linden Woods.