Property Overview: 39 Simsbury Place, Linden Woods
Key Characteristics & Appeal
This well-situated Linden Woods home, built in 1990, presents a compelling blend of space, land, and established value. Its primary appeal lies in its generous 10,612 sqft lot, which ranks in the top 5% on its street and city-wide, offering significant outdoor potential in a sought-after neighbourhood. The living area of 2,212 sqft is comfortably above average for both Winnipeg and Linden Woods, providing ample room for family life.
The home’s assessed value positions it as a premium property on its street (top 10%) and an elite one city-wide (top 5%), suggesting a solid, long-term investment in a stable area. While it is the oldest home on Simsbury Place, this also means it sits on a mature, spacious lot—a trade-off that may appeal to those valuing land size over a newer build. This property would best suit buyers looking for a established family home with one of the largest lots in the area, who are comfortable with a house from the early 90s that may require updates but offers excellent footprint and location.
Frequently Asked Questions
1. How does the age of the home affect its value?
While it's the oldest on the street, the home's above-average assessed value and elite lot size indicate that its location and land are significant value drivers. Buyers should factor in potential maintenance or update costs, balanced against the rarity of such a large lot in this neighbourhood.
2. What does the "Elite" lot ranking actually mean for me?
Ranking in the top 5% for land area means you are getting a property with substantially more outdoor space than most homes in Winnipeg. This allows for greater privacy, landscaping possibilities, potential additions (subject to bylaws), and is a finite feature rarely found in newer subdivisions.
3. The home sold between $550k-$600k in 2019. Is the current assessed value an accurate price indicator?
No, the $65,900 assessed value is for municipal tax purposes and is not a market valuation. Market value is determined by recent sales of comparable homes, location, condition, and current demand. The 2019 sale price is a historical data point, but the market has likely changed since.
4. The living space is above average, but not elite. Is the layout efficient?
The data confirms the home has ample square footage for the area. However, the specific floor plan, room sizes, and flow are not detailed here. Viewing the property or requesting a floor plan is essential to determine if the space meets your functional needs.
5. Why is the assessed value "around average" for Linden Woods but "Elite" for the city?
This highlights the desirability and higher property values within the Linden Woods neighbourhood itself. The home is among the more valuable properties city-wide, but is more typical when compared directly to its immediate, upscale neighbours. This suggests you are buying into a consistently premium area.