Property Overview & Appeal
This well-situated home at 18 Princewood Road in Linden Woods presents a balanced offering within a desirable neighbourhood. Built in 2002, its key characteristics are its solidly average-to-above-average metrics when viewed in a city-wide context. With 1,656 sqft of living space, it sits above the Winnipeg average, while its assessed value ranks within the top 6% citywide, suggesting strong underlying value for its category. The lot size of 6,838 sqft is also notably larger than the city average, offering good outdoor space.
The appeal lies in its position as a stable, established property in a sought-after area, without being an outlier in size or price on its own street. It suits practical buyers looking for a comfortable family home in a mature neighbourhood, who value space and a proven location over a brand-new build. A thoughtful perspective is that its "average" standing on the street could be a positive, indicating a predictable community character and less risk of over-improvement for the area. The recent sale history shows steady appreciation, pointing to its reliability as a home and investment.
Frequently Asked Questions
1. How does this home really compare to others in Linden Woods?
While its living area is slightly below the neighbourhood average, its assessed value and lot size are very competitive. It’s a home that holds its own in the area without being the largest, likely translating to a relatively efficient layout on a good-sized lot.
2. The assessed value seems low compared to recent sale prices. Why?
The assessed value (62.70k) is for municipal tax purposes and is not a market valuation. The much higher sale prices (500k-650k) reflect the actual market value. This discrepancy is common; the key takeaway is that its assessed value ranks highly citywide, indicating the property is considered valuable by tax assessors relative to most Winnipeg homes.
3. What does the sale history tell us?
The home sold in 2020 and again in 2023, with a price increase in that period. This suggests a stable and appreciating market for this specific property, though for exact sold prices, you need to request the details via email from the site.
4. Is the home older than others on the street?
Yes, at 24 years old (built 2002), it is slightly older than the average on Princewood Road. However, it is still newer than the average Winnipeg home and significantly newer than the city-wide average build year of 1966.
5. What are the most relevant comparable properties?
The listings for 107 and 115 Lindmere Drive are useful, as they are in the same neighbourhood, of similar age and size. The "similar assessed value" list is less helpful for market comparison, as it groups properties with the same tax assessment from across the city, not necessarily similar market values or neighbourhoods.