Property Overview
This home at 15 Lionheart Court in Winnipeg's Linden Woods neighbourhood presents a specific value proposition. Built in 1987, it's a 1,874 sqft residence on a 6,841 sqft lot. The data reveals a property that sits modestly within its immediate, affluent court but stands out favourably in broader comparisons. Its assessed value is notably lower than the city average, while its living space is significantly larger than typical Winnipeg homes. Recent sales history indicates strong and steady appreciation.
Its appeal lies in this relative value. You're acquiring above-average city living space in a desirable established neighbourhood, but at an assessed value that positions it as a more accessible entry point into Linden Woods. It would suit practical buyers looking for established community amenities, good schools, and more interior space, who are less concerned about having the largest home on the block. It's also a sensible option for those who prefer a manageable lot size without extensive yard maintenance.
Frequently Asked Questions
How does this home's value compare to others in Linden Woods?
The home's assessed value is around the neighbourhood average, but its living area is slightly below the local average. This suggests you may be paying more for the location and community than for sheer square footage compared to immediate neighbours.
Is the lot size a disadvantage?
While it's the smallest lot on Lionheart Court, it remains larger than the typical Winnipeg lot. It offers a balanced space: enough for private outdoor living without the upkeep of a much larger yard.
What does the sales history indicate?
The property sold in 2021 and again in 2024, with a price increase in that period. This pattern could indicate a well-maintained home in consistent demand, but it's wise to investigate the reasons for the relatively short ownership periods.
How does the year built affect this home?
Built in 1987, the home is of an age where major components (like the roof, windows, or HVAC) may be nearing or have recently undergone replacement. A thorough inspection is key to understanding the condition and any upcoming capital expenses.
Why is the assessed value so much lower than the city's average sold price?
Manitoba's assessed value for property tax purposes is often significantly lower than market value. The city-wide average assessed value shown is around $390k, while recent sales data for this home is in the $600k-$650k range, confirming that market value is much higher.