Property Overview
This home at 24 Waterbury Drive in Winnipeg’s Linden Woods neighbourhood presents a distinct value profile. Its key appeal lies in its above-average citywide standing on a spacious lot, contrasted with its more modest positioning within its own prestigious street.
Key Characteristics & Suitability
The home is a 2,098 sqft bungalow built in 1986, situated on an 8,630 sqft lot. Its primary characteristic is a notable value disconnect: while its living area is below average for Waterbury Drive, its citywide rankings are strong. It sits in the top 9% of Winnipeg for living area and top 9% for lot size. The assessed value of $755,000 is elite citywide (top 3%) but only average for its immediate street. This creates a unique proposition—it offers the desirable Linden Woods location and a generous property footprint, but in a home with a smaller footprint than its neighbours.
Its appeal is for the value-conscious buyer seeking entry into a high-calibre area. It would suit those who prioritize land size and location over sheer interior square footage, or buyers planning a future renovation or expansion who see the underlying lot and location as the primary assets. It’s a practical choice for someone wanting the community amenities and prestige of Linden Woods without the premium for one of the street’s largest houses.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($755,000) is for municipal tax purposes. Market value is determined by current buyer demand. The home last sold between $500k-$550k in 2019, and its elite citywide assessment tier suggests significant appreciation potential.
2. How does this home compare to others on Waterbury Drive?
It’s one of the smaller homes on the street for living area (ranking 45th out of 49), but with an average lot size and assessed value for the street. This indicates you’re paying for the location and land, with potential to update or expand the structure itself.
3. What does the "top 9% citywide" ranking for living area mean?
It means this home’s interior size is larger than approximately 91% of all homes in Winnipeg. This highlights that while it’s modest for Linden Woods, it is still a spacious home compared to the overall Winnipeg market.
4. Why is there a range for the 2019 sold price?
Exact sale prices are not always publicly disclosed. The range is based on available public data. You can request the exact price via email from the site, which manually verifies the figure.
5. The home is 40 years old. What should I consider?
A home from this era may have original major components, like the roof, windows, or mechanical systems. A thorough inspection is crucial to understand the condition and potential near-term capital requirements, which is typical for well-built homes of this age.