Property Overview
27 Hennessey Drive is a well-established home in Winnipeg's Linden Woods neighbourhood. Built in 1984, it sits on a generous 7,295 sqft lot, which is notably larger than many of its immediate neighbours and above average citywide. The living area of 1,335 sqft is more compact compared to other homes on the street and in Linden Woods, but aligns closely with the average Winnipeg home. Its assessed value is positioned above average for the city, yet below the typical benchmarks for its own street and neighbourhood, suggesting a value proposition within a desirable area. The property last sold between $400k-$450k in 2023.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and location. The lot size is a significant asset, offering ample outdoor space that is increasingly rare, especially within mature, sought-after communities like Linden Woods. This creates potential for expansion, gardening, or simply more private outdoor living. While the home itself is smaller than many in the immediate vicinity, this results in a relatively lower assessed value for the area, potentially offering an entry point into the neighbourhood. It suits practical buyers who prioritize land size and location over a large existing footprint. It could be an ideal match for a downsizer seeking a manageable home in a prime area with a spacious yard, or for a strategic buyer viewing the property as a long-term investment with renovation or redevelopment potential on a premium lot.
Frequently Asked Questions
1. Is the house too small for the neighbourhood?
While the living area is below the average for Hennessey Drive and Linden Woods, it is close to the citywide average. This discrepancy is what contributes to its relatively lower assessment for the area, which can be seen as an opportunity rather than a drawback.
2. What does the sold price range from 2023 tell us?
The $400k-$450k sale price indicates the market valued it significantly above its assessed value at that time, reflecting the strong premium buyers place on the Linden Woods location and the lot size.
3. How does the year built affect the property?
Built in 1984, the home is among the newer properties on its street but older than the Linden Woods average. This typically means established landscaping and mature trees, but buyers should budget for updates consistent with a home of this age, such as windows, roof, or mechanical systems.
4. Why is the assessed value so different depending on the comparison?
The assessment is above average citywide but below average for the street and neighbourhood. This highlights that you are purchasing into a high-value area (Linden Woods) where even a "below-average" property commands a premium compared to the broader city market.
5. What is the main takeaway from the lot size data?
The land is a standout feature. Ranking in the top 22% on its own street for lot size means you get more private outdoor space than most of your immediate neighbours, which is a key differentiator and a durable value driver.