Property Overview: 253 Lindenwood Drive E, Linden Woods
Section 1: Key Characteristics & Appeal
This home at 253 Lindenwood Drive E presents a solid, well-positioned offering in the desirable Linden Woods neighbourhood. Its key appeal lies in its balance of space and location. With just over 2,000 square feet of living area, the house is comfortably sized for a family, ranking around the average for its immediate street and area. However, its standout feature is the generous 8,615 sqft lot, which places it in the top 8% of properties on Lindenwood Drive E for land area. This suggests a very private, spacious backyard—a premium in mature neighbourhoods.
The home, built in 1987, is a classic example of the area's housing stock, likely appealing to buyers who value established communities with mature trees and larger lot sizes over brand-new construction. Its assessed value is consistent with the local area, indicating it is priced in line with market expectations for Linden Woods.
This property would suit a growing family or downsizers looking for single-level living (if the layout permits) who prioritize outdoor space and a quiet, established setting. It’s for buyers who see value in a home that is not a standout in sheer size or modern finishes, but one that offers a prime lot in a consistently sought-after neighbourhood. A thoughtful perspective is that while the house itself is statistically average for the area, the land it sits on is a significant asset, offering potential for future enjoyment, expansion, or simply the peace of mind that comes with extra privacy and room.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Citywide, this property ranks in the top 10% for living area and top 6% for assessed value, indicating it is a substantial home compared to the Winnipeg average. Its value is anchored by its desirable Linden Woods location.
2. What does the lot size ranking actually mean?
Ranking in the top 8% on its own street for land area means this property has one of the largest lots on Lindenwood Drive E. Compared to the city average lot size of ~6,570 sqft, this 8,615 sqft plot is significantly more spacious.
3. The home sold in 2020 and again in 2021. What does that indicate?
The quick resale could be due to many neutral factors, such as a job relocation, change in family circumstances, or an investor flipping the property. It does not inherently indicate a problem with the home and may have involved updates or improvements.
4. Is the assessed value the same as the market price?
No. The assessed value (listed as $62.90k) is for municipal tax purposes and is not a market valuation. Market price is determined by current buyer demand, condition, and recent sales of comparable homes, like the 2021 sale in the $650k-$700k range.
5. The home was built in 1987. What should I consider?
A home of this age is likely to have undergone some updates, but a thorough inspection is crucial to evaluate the condition of major systems like the roof, windows, plumbing, and electrical. This also represents an opportunity to customize without the premium of a new build.