Property Overview
This home at 38 Parkroyal Bay in Linden Woods presents a compelling opportunity defined by its generous space and prime lot. Its appeal lies in offering above-average scale and privacy within a sought-after neighbourhood. The 2,468 sqft living area sits comfortably above the local average, providing ample room for family life. More notably, the property stands out for its substantial 10,342 sqft lot, which is significantly larger than most in the area, offering rare potential for outdoor enjoyment, gardening, or future expansion. With an assessed value of $810,000, it positions itself in the upper tier of the local market.
The home, built in 1983, would particularly suit buyers who prioritize lot size and interior space over a brand-new build. It’s ideal for a family seeking a long-term home where the land itself is a major asset, or for someone with a vision to update the interior to their taste while securing a premium location. A thoughtful perspective is that while the house is older than many in Linden Woods, this can represent a value opportunity; the investment goes more into the land and structure, allowing for personalized renovations over time.
Frequently Asked Questions
How does the lot size compare to a typical city property?
The lot is over 10,300 sqft, placing it in the top 6% city-wide. It is substantially larger than the Winnipeg average of about 6,570 sqft, offering exceptional outdoor space.
Is the home’s assessed value in line with the neighbourhood?
Yes. With an assessed value of $810,000, it ranks in the top 7% for Linden Woods, indicating it is valued among the higher-end properties in the area.
The house was built in 1983. Is that a concern for the neighbourhood?
While Linden Woods has many newer homes, this property’s year built is around the average for its specific street. The older vintage is balanced by the above-average living space and the elite, rare lot size.
What does the sold price history indicate?
Public records show it last sold between $650,000 and $700,000 in 2016. The current assessed value suggests significant appreciation since then, consistent with market trends in desirable neighbourhoods.
How can I get the exact historical sold prices?
The exact sold prices are not published publicly. You can request the precise figures via email from the listing service, which provides them manually without obligation.