Property Overview & Key Characteristics
This home at 131 Woodington Bay in Winnipeg's Linden Woods neighbourhood presents a compelling mix of space, location, and value. Its key appeal lies in its above-average citywide standing on a generous lot, offering a sense of space that is becoming rarer. With 1,706 sqft of living area, it sits comfortably above the Winnipeg average, while its 6,658 sqft lot size ranks in the top 20% citywide, providing excellent outdoor potential.
The home, built in 1984, is newer than most in the city but is among the older homes in the Linden Woods area. This suggests a well-established streetscape with mature landscaping. Its assessed value is notably efficient, ranking in the top 11% citywide, which indicates a relatively lower property tax burden for the space and location offered. The property last sold in the $750k-$800k range in 2022.
This home would suit buyers looking for a spacious lot in a desirable neighbourhood without the premium price tag of a newer build. It’s ideal for those who value outdoor space for gardening or recreation and are comfortable with a home that may benefit from personal updates. It also appeals to value-conscious buyers seeking a strong footprint in a mature community, where the investment is more in the land and location than in brand-new finishes.
Frequently Asked Questions
1. How does this home’s value compare to others in Linden Woods?
The home’s assessed value is below the neighbourhood average, ranking in the top 77% (meaning it's assessed lower than 77% of homes in Linden Woods). This suggests a favourable property tax situation compared to many area homes, though the 2022 sale price indicates its market value is competitive.
2. Is the lot size typical for the area?
The lot is above average for the specific street (Woodington Bay) but is around the median size when compared to all of Linden Woods. Its true distinction is citywide, where it ranks in the top 20%, offering more outdoor space than most Winnipeg homes.
3. What does the 1984 build year mean for a buyer?
Built in 1984, this home is among the older properties in Linden Woods, a neighbourhood with many newer homes. This often means mature trees and settled foundations, but buyers should be prepared for potential updates to major systems like roofing, windows, or HVAC that are nearing the end of a typical lifespan.
4. The living area is noted as "above average" citywide but "below average" for Linden Woods. What's the takeaway?
This highlights the character of Linden Woods, which generally features larger homes. While the living space is ample and bigger than the typical Winnipeg home, buyers accustomed to the very spacious layouts common in this specific neighbourhood should note it is more modest in comparison.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sale price history via a manual email request, with a promise of a same-day reply and no unsolicited marketing use of your contact information.