Property Overview
54 Eaglemount Crescent is a well-situated home in Winnipeg's desirable Linden Woods neighbourhood. Built in 1989, it sits on a generous 6,257 sqft lot. With 1,309 sqft of living space and a notably low assessed value, it presents a distinct value proposition within the city.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a land-value opportunity in a premier area. While its living space is modest compared to others on its street and in Linden Woods, it ranks above average for lot size city-wide. The assessed value is the lowest on Eaglemount Crescent, yet it places in the top 23% across Winnipeg, suggesting significant underlying property value relative to the purchase price.
It would particularly suit value-conscious buyers looking to enter a top neighbourhood, potentially those willing to renovate or expand the existing footprint. It’s also a compelling prospect for investors or buyers who prioritize a large, established lot in a mature community over a large, modern house. The data indicates you are paying predominantly for location and land here, with the home itself offering functional space.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on municipal evaluation, which considers factors like the home's size, age, and characteristics. This home’s lower assessment primarily reflects its smaller living area compared to neighbouring properties, not necessarily the quality of the location or lot.
2. How does the lot size compare to an average city lot?
At 6,257 sqft, the lot is above the city-wide average of approximately 6,570 sqft. It offers ample outdoor space, which is a valuable and less common feature in newer subdivisions.
3. The home sold between $350k-$400k in 2020. What does that history tell us?
That sale price, relative to the stable and low assessed value, highlights how market value can be driven by the desirable Linden Woods location. It provides a benchmark for the property’s market appeal independent of its municipal assessment.
4. Is the 1989 build date a concern?
Built 37 years ago, the home is newer than the Winnipeg city average. While not a new build, this age suggests major components may be due for scheduled updates or renovation, which is a typical consideration for homes of this era.
5. Who would this property not suit?
Buyers seeking a move-in-ready home with ample interior space equivalent to other homes in Linden Woods may find it limiting. It’s best for those who see potential in the lot and location and have a plan for the existing structure.