Property Overview & Key Characteristics
This home at 23 Foxmeadow Drive in Linden Woods presents a specific and compelling value proposition. Its key appeal lies in being a more accessible entry point into a well-regarded neighborhood. At 1,368 sqft, the living space is modest for the immediate area but is close to the city-wide average, suggesting a manageable, efficient layout. The 1986 build date places it in a mature stage, likely offering established landscaping and a settled streetscape.
The most distinctive characteristic is its financial profile. While its assessed value is below average for Linden Woods, it ranks well above average city-wide. This creates a unique opportunity: owning a home in a desirable area at a value that compares favorably to the broader Winnipeg market. The lot size, while not large for the neighborhood, is still a decent urban parcel.
This property would ideally suit first-time buyers or downsizers seeking the Linden Woods address, amenities, and school catchment without the premium price tag of a larger, newer home in the same area. It’s for those who prioritize location and community over sheer square footage and who are comfortable with a home from the 1980s era.
Frequently Asked Questions
1. Is this house significantly smaller than others in Linden Woods?
Yes. The living area ranks in the bottom 17% for the neighborhood, making it one of the more compact homes in the area. However, its size is much more aligned with the typical Winnipeg home.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value reflects a combination of the home's smaller size, its age, and potentially its specific features and condition relative to other homes in Linden Woods. It indicates this is a more value-oriented property within a generally higher-value area.
3. What does the sold price history (CA$500k–550k in 2023) tell us?
The 2023 sale price, which is a range based on public data, suggests the market price significantly exceeded the assessed value at that time. This is common and indicates strong buyer demand for well-located homes, even those with a lower assessment.
4. How should I interpret the different rankings for "Same Street," "Same Area," and "City-wide"?
These rankings highlight the property's context. It is consistently below average on its own street and in Linden Woods for size and value. However, city-wide, it performs above average for value and is average for size. This underscores its role as a relative value play within a premium area.
5. What are the less obvious trade-offs of a property like this?
The appeal of an affordable price in a great neighborhood comes with considerations. You may have less room for expansion or renovation compared to larger lots nearby. Property taxes, while based on assessment, are also influenced by the premium neighborhood. Resale may attract a similar pool of value-seeking buyers rather than those looking for a flagship Linden Woods home.