Property Overview
51 Thurston Bay is a well-situated family home in Winnipeg's Linden Woods neighbourhood. Built in 2002, it offers 1,792 sqft of living space on a 4,957 sqft lot. Its assessed value is notably lower than many immediate neighbours, while its living area is above the citywide average. This creates a distinct value proposition in a desirable area. The home last sold between $450k-$500k in 2021.
Key Characteristics & Appeal
This home’s primary appeal lies in its position within Linden Woods, a sought-after neighbourhood, combined with metrics that suggest potential value. The living space is generous compared to the typical Winnipeg home, and the 2002 build date means major systems are likely modern yet past their initial depreciation. Interestingly, while the lot size is smaller than others on the street, it remains manageable and low-maintenance.
The property would suit practical buyers looking for established community amenities and good schools without paying a premium for the largest lot on the block. It’s a strong match for growing families or professionals seeking space in a mature area, and could appeal to value-conscious buyers who see opportunity in its below-average assessed value for the street.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbours on the same street?
Assessed value is for municipal tax purposes and considers many factors, including specific home features, condition, and market trends. A lower assessment relative to neighbours can sometimes indicate a different valuation path, but it's not a direct market price. It’s wise to review the property's specific condition and upgrades.
2. How does the lot size compare and what does it mean for me?
At just under 5,000 sqft, the lot is smaller than the average for both Thurston Bay and Linden Woods. This typically translates to less yard maintenance and a more compact outdoor space, which many buyers appreciate for its efficiency.
3. What can the 2021 sale price range tell me?
The prior sale price provides a historical benchmark, but it does not reflect current market value. Market conditions, interest rates, and the home’s present state have likely changed since 2021.
4. The home is “above average” for year built citywide. What does that mean practically?
Being built in 2002 places it newer than roughly 83% of homes in Winnipeg. Practically, this often means construction methods and materials meet modern standards, and major components like the roof, windows, and HVAC may still have considerable life left, though they should still be inspected.
5. How do I find out the exact past sale price?
The exact sale price is not public record in Manitoba. The listing service provides the price range shown. You can request the precise figure by emailing the site administrators, as noted in the property details.