Property Overview: 54 Thorncliff Bay, Linden Woods
Key Characteristics & Appeal
This home presents a compelling value proposition within the desirable Linden Woods neighbourhood. Built in 1983, it sits on a slightly above-average city lot of just over 6,400 sqft, offering good outdoor space. With 1,602 sqft of living area, it is a moderately sized home that ranks above average for space compared to the wider Winnipeg market, though it is on the smaller side for its immediate street and neighbourhood. This size dynamic is a key characteristic: it provides ample room for a small family or couple while potentially offering lower utility and maintenance costs than the area's larger estates.
The primary appeal lies in its location and value. The sold price range from 2024 ($600k-$650k) is notably higher than its current assessed value, suggesting a strong market perception and potential for equity. It suits practical buyers seeking entry into a top-tier neighbourhood without the premium for a maximized footprint. It would be ideal for first-time move-up buyers in Linden Woods, downsizers who want to stay in the area but in a more manageable home, or value-focused investors attracted by the stable rental demand in the community. A less obvious perspective is that a home of this vintage in a mature neighbourhood often comes with established landscaping and settled foundations, potentially reducing surprise expenses compared to newer builds.
Frequently Asked Questions
1. Why is the sold price so much higher than the assessed value?
Assessed value for property tax purposes often lags behind current market conditions, especially in active neighbourhoods. The recent sale price is a clearer indicator of the home's market value.
2. How does the size compare to other homes nearby?
This home is more compact than many on its street and in Linden Woods overall. This can be an advantage for lower maintenance, but buyers seeking abundant square footage for a large family may find it limiting.
3. What does the "above average citywide" ranking mean for lot size and living area?
While the lot and living space are modest for Linden Woods, they are both larger than the typical Winnipeg home. This highlights the neighbourhood's general affluence and the property's inherent space relative to most of the city.
4. Are there any concerns with a home built in the 1980s?
Homes from this era are generally well-built, but key systems like the roof, windows, furnace, and plumbing may be nearing or due for updates. A thorough inspection is advised to budget for any modernizations.
5. How can I find out the exact sold price?
The exact sale price is not publicly posted online. You can request it directly via the provided email form on the listing page; the service commits to providing the accurate figure without using your email for marketing.