Property Overview: 201 Westchester Drive, Linden Woods
Key Characteristics & Appeal
This home is a well-established property in the desirable Linden Woods neighbourhood, built in 1989. Its primary appeal lies in its balanced, above-average positioning across key metrics. With over 2,000 square feet of living space, it offers more room than the typical Winnipeg home. The lot size of 6,200 sq ft is notably generous for its immediate street, providing ample outdoor space in a mature area. The assessed value suggests a solid investment relative to both the neighbourhood and the wider city.
The property suits buyers looking for a spacious family home in a prime, mature suburb without venturing into the premium price tier of newer builds. It’s ideal for those who value a larger lot for privacy, gardening, or expansion potential, and who appreciate a home that has consistently held its value well above city averages. The sales history indicates steady appreciation, pointing to a stable and sound real estate investment.
Frequently Asked Questions
1. How does this home truly compare to others in Linden Woods?
While its living area and year built are around the neighbourhood average, it stands out with an above-average lot size on its street and a strong assessed value ranking city-wide. It represents a "best of both worlds" scenario: the established charm and lot size of older Linden Woods properties, with the living space of an average area home.
2. What does the sales history tell us?
The home sold in 2016 and again in 2019, showing a clear increase in value over that three-year period. This pattern suggests a history of desirable, arm’s-length transactions and consistent market appeal, rather than speculative flipping or family transfers.
3. Is the 1989 build date a concern?
Built in 1989, the home is from an era of modern construction standards but is now at an age where major components (like the roof, windows, or HVAC) may be due for inspection or planned replacement. This is typical for the neighbourhood and is often reflected in the price, offering an opportunity to customize updates.
4. How does the lot size impact the property?
Ranking in the top 16% on its street for land area, the lot is a significant feature. This not only allows for more yard space but also provides a greater sense of privacy and potential for additions like a deck, patio, or garden that might not be possible on smaller, newer lots.
5. Why is the assessed value important here?
The assessed value ranks in the top 7% city-wide, which is a strong indicator of the property’s underlying value as determined by municipal assessment. This often correlates with desirability and can provide a more stable foundation for valuation compared to market price alone, especially in a fluctuating market.