Property Overview: 51 Parkroyal Bay, Linden Woods
Key Characteristics & Appeal
This home at 51 Parkroyal Bay is a well-established property in the desirable Linden Woods neighbourhood. Built in 1984, it sits on a generous 8,294 sqft lot, which is notably larger than most homes in Winnipeg. With 2,181 sqft of living space, the house offers ample room and is positioned solidly above the city-wide average for size.
The primary appeal lies in its land value and location. The lot size ranks in the top 10% city-wide, offering significant outdoor space and potential in a mature, sought-after area. While the home itself is of a vintage common to its immediate street, its assessed value places it in an elite tier compared to all Winnipeg properties, suggesting a strong underlying value proposition for the neighbourhood. This combination points to a property where the land itself is a major asset.
This home would suit a buyer looking for a established neighbourhood with room to breathe. It’s ideal for someone who values a large yard over a brand-new build, and who may see potential in the existing structure—whether that means moving in as-is, or planning thoughtful updates over time. It’s a practical choice for those seeking space and location, with an understanding that a 1980s home may come with typical maintenance considerations.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for between $500k-$550k in 2019. Its current assessed value is $65.10k. It’s important to understand that in Manitoba, assessed value is not market value; it is a figure used for calculating property taxes and is typically a fraction of what a home would sell for on the open market.
2. Is the house outdated given its age?
Built in 1984, the home is of an age where major systems (like roof, windows, furnace) may be nearing or due for replacement. This isn’t necessarily a drawback, but it’s a key consideration for budgeting. The vintage also means layouts and finishes will reflect the era, which some buyers may see as an opportunity to customize.
3. What does the "elite" city-wide assessed value ranking mean?
Ranking in the top 5% of the city for assessed value indicates that, for tax purposes, this property is considered among the most valuable in Winnipeg. This primarily reflects the premium value placed on its large lot in a prime neighbourhood, not necessarily that the house itself is luxurious.
4. How does the lot size benefit a buyer?
The lot is significantly larger than average, offering more privacy, space for gardens, play areas, or additions like a deck or shed. In a mature neighbourhood like Linden Woods, large lots are a finite resource and add long-term value.
5. Where can I see precise historical sale data?
The exact sold price history is not published publicly. The listing service offers to provide the accurate sold price directly via email upon request, as the figures shown are estimated ranges based on public data.