Property Overview: 241 Deer Run Drive, Linden Woods
Key Characteristics & Appeal
This home presents a distinct value proposition within the desirable Linden Woods neighbourhood. Built in 2000, it is a newer construction compared to much of Winnipeg's housing stock. The key characteristic is its modest 1,283 sqft living area, which is notably smaller than most homes on its street and in Linden Woods overall. However, this is balanced by a proportionally larger 5,707 sqft lot for the street, offering above-average outdoor space relative to its immediate neighbours.
Its primary appeal lies in being an entry point into a well-regarded, established community at a potentially accessible price point, as suggested by its below-average assessed value for the area. This isn't the largest home, but it offers modern foundations in a prime location. It would suit first-time buyers seeking a foothold in a top neighbourhood, downsizers looking to maintain a community connection without a large home to maintain, or value-focused buyers who prioritize land potential and location over interior square footage. A thoughtful perspective is recognizing this as a "lot play"—the value may be significantly tied to the land in a high-demand area, offering future potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for similar-valued homes?
This highlights the premium of the Linden Woods area. A $390k assessment is above average city-wide, but in this specific neighbourhood, it places the home at the lower end of the spectrum, reflecting the higher property values typical here.
2. The home sold between $450k-$500k in 2021. How does that relate to its current assessed value?
Assessed value for tax purposes is not the same as market value. The 2021 sale price reflects what a buyer was willing to pay at that time, while the assessment is an administrative valuation. The historical sale indicates strong buyer interest for homes in this location at that price point.
3. Is the smaller living area a disadvantage?
It depends on your needs. While it offers less space than neighbourhood averages, it translates to lower utility costs, less maintenance, and a more efficient layout. For the right buyer, it’s a manageable size in an excellent location.
4. What does "above average lot size for the street" mean practically?
Compared to the other 100 homes on Deer Run Drive, this property has more land. This could allow for a larger garden, more privacy, or future expansion like a deck or addition, subject to local bylaws.
5. How can I find out the exact sold price from 2021?
The exact sale price is not public record in Manitoba. As noted on the detail page, you can request this information directly via email from the service, which compiles this data manually.